Vital Bookkeeping Skills

by | Jul 29, 2022 | Accounting, Outsourcing | 0 comments

Whether your interior design business is booming or things are slow and steady, it’s never a bad idea to hire an interior design bookkeeper. We’ve talked before about how bookkeeping is the bedrock of great financial management, and while it’s great to understand bookkeeping, you might still not have the time to manage your books well. 

You’re juggling your own work, making sales, completing projects, and guiding your employees. It can feel impossible to even consider adding something else to your plate. Or maybe you’re already trying to do your own bookkeeping, but you’re not able to commit enough time to make it worthwhile. 

We’re here to let you off the hook – it’s okay to get help in your business! One of the best things you can do for your business is to hire an interior design bookkeeper. You’ll experience peace of mind knowing that the books are being handled by an expert and that managing the finances will never be your sole responsibility again. What a dream! 

Here are a few qualities to prioritize as you set out to find the bookkeeper who’s the right fit for your company: 

  1. Bookkeeping or accounting experience

This may seem like a no-brainer, but it’s worth noting. It may be tempting to let that friend of yours be your bookkeeper – you know, the one who’s good at math and really wants to help for dirt cheap.
But you’ll save yourself a lot of trouble if you bypass the well-meaning volunteers and leave it to the experts. 

  1. Experience in your business’s preferred accounting platform

You’ll save you and your bookkeeper a lot of time if you hire someone who already knows the accounting software that you use. Be it Quickbooks, Xero, or something similar, start off on the same page! 

  1. Experience in the industry

The best bookkeeper is one who understands accounting for interior designers and understands the interior design industry. Hiring a bookkeeper for your business who’s only ever done bookkeeping for restaurants may not be the best fit. 

  1. Attention to detail

Bookkeeping is a job that requires patience and precision. If your bookkeeper doesn’t have strong attention to detail and a thorough eye as they record your business’s every financial detail, they won’t serve you well in the long run. 

  1. Timeliness

Timing is everything in bookkeeping. It takes daily discipline to keep every financial transaction in order. You will want to find a bookkeeper that “fits” well with the schedule that you keep and the schedule that your business needs to maintain. If those things align, you’ve got a keeper! 

  1. Monthly reporting

Your interior design bookkeeper should be prepared to create and share monthly reports of your business’s finances. This will enable you to get an overall picture of how your money is being managed, helps you identify patterns in your spending, and stay fully informed on losses and earnings. 

Implementing bookkeeping in your business is important, but having a proficient bookkeeper will truly make a difference in the financial health of your company. 

Schedule a call with us today to find out more about hiring a Certified Profit First Professional to help with all of your bookkeeping needs! 

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