This article is written for the small business owner who has a part or full time bookkeeper and has given some thought to terminating that employee. As a small business owner, tough decisions are made all the time and this one is very important. There comes a time for any small business owner, to make a change, either to replace or eliminate an employee's position. Terminating an employee, especially in this economic environment is emotionally draining, especially for long standing employees. We all know, that its important to always care about our employees, so this type of decision is very important, and often is hard to make. Sometimes your perception of the problem is blocked by your feelings for the employee, which frequently results in no action. This is article is written to help you understand that now, be the correct time to make a decision.
Most small business owners do not have anyone to consult with, so the decision to terminate an employee may be hard to make. Also, other business priorities may be preventing you from giving the requisite time to analyze this problem. Below are 10 reasons to assist you in making that decision, or to reinforce your decision to change your bookkeeper. If you are able identify with a couple of these reasons, or just one, and you are of the opinion that the problem cannot be corrected, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is always received late and when received, it has mistakes.
2. You or a family member are financial and computer savvy and willing to invest some additional time to do the bookkeeping.
3. Someone in your family lost their job(s) and you need to replace their income.
4. You want to get more involved in the accounting because you are too dependent on the bookkeeper and your bookkeeping doesn't seem as complex as they make it out to be.
5. You have been fair, discussed this problem with the employee and it can't be fixed
6. Your bookkeeper doesn't communicate well with you.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper lacks a sense of urgency and priorities.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Self Realization - It just makes sense, it feels right and you haven't had the time to terminate your bookkeeper or reduce the bookkeeping hours.
If you have experienced some of the above indicators, it may make sense to consider to internalize the bookkeeping within the family, assuming the replacement person is able to learn how to be computer and financial literate. Like any other accounting related decision, consult with your CPA or accountant to obtain their input. - 16890
Most small business owners do not have anyone to consult with, so the decision to terminate an employee may be hard to make. Also, other business priorities may be preventing you from giving the requisite time to analyze this problem. Below are 10 reasons to assist you in making that decision, or to reinforce your decision to change your bookkeeper. If you are able identify with a couple of these reasons, or just one, and you are of the opinion that the problem cannot be corrected, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is always received late and when received, it has mistakes.
2. You or a family member are financial and computer savvy and willing to invest some additional time to do the bookkeeping.
3. Someone in your family lost their job(s) and you need to replace their income.
4. You want to get more involved in the accounting because you are too dependent on the bookkeeper and your bookkeeping doesn't seem as complex as they make it out to be.
5. You have been fair, discussed this problem with the employee and it can't be fixed
6. Your bookkeeper doesn't communicate well with you.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper lacks a sense of urgency and priorities.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Self Realization - It just makes sense, it feels right and you haven't had the time to terminate your bookkeeper or reduce the bookkeeping hours.
If you have experienced some of the above indicators, it may make sense to consider to internalize the bookkeeping within the family, assuming the replacement person is able to learn how to be computer and financial literate. Like any other accounting related decision, consult with your CPA or accountant to obtain their input. - 16890
About the Author:
Learn how QuickBooks Online offers the essential online accounting tools to manage your business and the freedom to access your financials from work, home, or when traveling. Sandor Lenner, C.P.A.-M.B.A has been providing accounting services for 35 years. He is also a Certified QuickBooks ProAdvisor and offers QuickBooks online support for a Miami Accounting CPA firm.
No comments:
Post a Comment