Picture this scenario: you’re an amazing interior designer capable of running a great business and keeping a steady stream of happy clients. Everything looks peachy keen for your business, except for your finances.
It’s okay if this description reminds you of yourself. You’re an interior designer, not a bookkeeper. So it’s understandable if your company’s finances aren’t in their best shape.
That’s where working with an actual interior design bookkeeper comes in. A bookkeeper is a financial professional who manages and records your day-to-day transactions.
When you work with an interior design bookkeeper, you’ll get to let someone else pay attention to the ins and outs of your company’s spending so you can focus on your most important work.
A bookkeeper will help you monitor your spending, observe financial trends in your company over time, keep your business in compliance, and handle all of the nitty-gritty financial record-keeping that gives you such a headache.
But none of these benefits will come out of working with a bookkeeper if you don’t establish great communication between yourself and them!
Here are some ideas for how communication with your bookkeeper could happen so you remain as informed as possible about the financial health of your business:
- Schedule regular meetings
A bookkeeper will keep your financial records in order with minimal meetings, but they’re even more useful if you prioritize time to meet with them on occasion. Either in person or online, find a monthly or quarterly time to meet and discuss any observations they’ve made or questions they have, and vice-versa. This space for communication will help you remain informed about your finances!
- Keep accurate records
Both you and your bookkeeper are responsible for keeping accurate financial records for the sake of your business and for clarity in your communication with one another.
- Share financial information
Your interior design bookkeeper can only be as helpful as you allow them to be. They need to be someone you can trust so that you feel safe and confident to share your business’ financial information with them.
Even with regular meetings and transparency, it can still be difficult to communicate well with your bookkeeper, if they haven’t set up clear ways to do so.
- Establish clear expectations
Expectations for any type of engagement are paramount. Be sure to communicate your needs when you hire a bookkeeper. Kindly share boundaries and help them understand how your business works and how you best communicate.
- Ask questions to ensure understanding
Just like most bookkeepers don’t know everything about your industry, it’s okay if you don’t know everything (or anything) about the way interior design bookkeeping works! Be bold in asking questions for clarity and understanding – your business will be so much better off because of your financial education!
Bookkeepers are important, and we hope this blog has helped you see that there are so many ways to connect with and establish great communication with yours!
If you’re excited about the idea of hiring a professional for your interior design bookkeeping, we’d love to talk with you. Our team of financial professionals at AccountSolve specialized in bookkeeping for interior designers, and we can’t wait to connect!