How To Find a GREAT Part-time Bookkeeper or CFO
Six Steps For Finding A Great Part Time Bookkeeper Or CFO
1) Choose a person who is experienced, professional, trustworthy and is fully checked out.
Make sure that you (or someone) has interviewed thoroughly, skill tested, and has done a background check on the person you choose. This person will be handling your money. Make sure they are worthy of that honor and responsibility. This is not a position to be hire on a “gut level”.
2) Choose a person that can adapt to your changing needs.
If he or she has a full stable of clients, will they be around for a special project? What if your business grows to need more time? Will he or she be able to work expanded hours?
3) Choose a person that you trust is charging a fair and timely rate for their services.
Qualified bookkeepers can range from $30 to $65 per hour. CFOs/Controllers can range from $75 to $350 per hour. Either end of the scale should generally be avoided. Be wary of someone charging too little – they may expand the job to fit a required paycheck.
It is also going to take time and money to get your books set up to start with. Expect to spend anywhere from $300 to $1,000 for most small businesses. You then pay an hourly fee on a monthly basis and after a few months will be able to predict what is regular cost will be in your cash flow.
4) Choose a person that will give you the level of involvement in your business you want.
Do you want a relationship with someone who has opinions about how you are running your business or someone who just makes the entries and gives you the reports?
5) Choose a person whose personality compliments yours.
You are not paying them to make you feel like a bad child! You must feel comfortable with them AND be absolutely sure they do not talk about your business to others.
6) Be watchful the first several weeks
How much time are they spending? Are they asking the right questions? Have you learned anything you didn’t know before?
One of the best ways to gain a macro view of your business is through SG&A Reporting.
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We have found that the cost savings and efficiencies of working with a company like Owl is more beneficial than hiring our own in-house employee.
With Owl’s in-depth knowledge of our business and an awesome attitude, our business continues to run smoothly.
Owl staff understands not only the financial side of business but is able to coach us on other aspects of business decisions and to help us define alternatives.
The attention to detail, coupled with an understanding of and willingness to dig in to our unique systems and processes has kept us running smoothly.
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