August 9, 2011 (Powerhomebiz.com) From 1 July 2011 not only do BAS Agents have to be registered they must also hold the relevant professional indemnity insurance.
These changes relating to bookkeepers ensures that the bookkeeper you contract to undertake your financial processing and reporting holds the relevant qualifications and certifications. It also means that they are up to date with the latest changes in legislation. The changes to the legislation make bookkeepers accountable for their actions and bring them into a more professional field.
Deciding on a bookkeeper
While there are many bookkeepers available in the current market you should ensure that the one you choose complies with the following:
They hold the relevant certifications and qualifications.
Are they a registered BAS Agent?
Do they hold a certificate IV in finance or higher, such as an Associate Diploma of Accounting.
Do they hold professional indemnity insurance?
They are able to provide you with the information that you require in a timely manner. For example if you have a bookkeeper who works alone and has one hundred clients can you be sure that they will provide your business with sufficient attention.
They are available when you need them. Not all bookkeepers work outside of 9-5 standard office hours, so you may want a bookkeeper who is available on weekends or after hours.
From the perspective of a bookkeeper I find it beneficial to my clients to be able to provide a wider scope of work such as financial analysis. And knowing they have availability outside normal office hour’s means that my clients need not interrupt their working day.
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