Who You Need for Small Business Accounting
It’s important to make sure the accounting process within your business runs well. This will give you the data you need to make financial decisions. In order to do this, you need to have the support of a great team. But hiring team members can be overwhelming. In this episode, Bernard Roesch will help you better understand the key roles you need and how to go about finding them.
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If you have any questions about this podcast episode, please feel free to contact us.
Key Accounting Team Roles
In order to have your accounting run smoothly, there are basically four categories of team members that you need.
First, you need someone that can configure and run the actual accounting software. This person will be a little more tech-savvy and able to configure the right processes within your accounting software such as QuickBooks. Second, you need a bookkeeping or data entry person that will run the bookkeeping process to ensure your records are updated regularly. The third person you need is a controller to monitor the process, ensure accuracy, produce reports, and call out accounting trends that should be further investigated. This person helps you make sense of the accounting data in your system. The fourth person that you need is someone you can rely on for tax planning and strategic guidance. This person can use reports from the controller to help you better understand what’s happening and make decisions.
By having all four of these types of roles available to you, you will be able to have a robust accounting process that drives your business.
Hiring a Team Versus Individuals
In order to have these roles available to you, you don’t necessarily need to hire an individual person for each one. This can be a difficult process to manage since you won’t need most of them or all of them full time. It can be helpful to hire a firm that can support you in a few of these roles at once. For example, at MISSION, we can handle the configuring of your software, your bookkeeping and controller duties. This leaves the tax preparation role unfilled, but we can help you find a tax preparer and coordinate directly with them on your behalf. By hiring a team rather than hiring individuals, you simplify the management process for yourself.
Do You Need an Accounting Team?
Now that you understand the key roles that you need available to you to have your accounting run smoothly, contact Bernard today. He can help you better understand what roles you may have already available to you internally and how to fill the rest of the roles in the best way.