Do You Need A Bookkeeper

1.

What’s your business structure?

Sole-proprietor: I’m the head honcho.

Partnership: Two or more owners with varying levels of responsibility.

Incorporated: My business is a separate legal entity.

2.

How comfortable are you with technology?

I’m intimidated by new software: I can surf the web and send emails, but I don’t like when I have to deal with program updates and learn new skills.

I’m comfortable with the basics: I’m Internet savvy and can operate basic word processing programs and Excel. I don’t need help downloading a program or finding a file on my computer, and I’m interested in learning new skills.

I love technology: The cloud has simplified my life, I’m an Excel workbook pro, and I rarely rely on tech support. New software is easy for me to navigate.

3.

How would you describe your organizational style?

I have a shoebox that I keep everything in for my accountant.

I have a customized filing system, and I know where to find what I need. It may look messy, but it works for me.

I’m the next Martha Stewart. I have everything filed, catalogued, colour coded and indexed.

4.

How would you describe your personality?

I’m a free spirit: I don’t stress over the details.

I like structure: I value consistency and am open to differing views and opinions.

I need to be in charge: I have a hard time trusting others to do the work right.

5.

Are you ready to commit your resources?

My business is just starting out; I’m not even sure where my revenue is coming in from.

I’m hesitant to pay for something I think I can probably do on my own.

My business has taken off and I need to free up my time to focus on billable work.

6.

Where do you see your business in 5 years?

This business is my side gig and I like it this way.

I’ll have a solid foundation with measurable profit increases every year.

This will be my primary source of income and I’ll be able to live comfortably off my profits.

I’ll be a go-to expert in my field with more than 5 employees and several new offerings.

I’d like sell my business for a pretty penny.

7.

How many hours on average do you spend on your regular business activities? (Not counting the time you spend managing your own books.)

5-20

20-35

35 +

8.

Would you consider yourself fluent in finance speak?

I have no idea what all that technical mumbo jumbo is.

I know the basics, like profit and loss, but I don’t know where the numbers come from or how to create financial reports and summaries.

I can generate my own reports and I’m able to interpret the numbers easily.

9.

How accountable are you?

I have so much to do. I feel like I’m constantly running around, putting out fires.

I work better with deadlines; so much so that I don’t get my projects done until they’re due.

I have it all under control. I have my month-end done and it’s only the 15th.

10.

Do you have to remit source deductions and/or sales taxes to the government?

What are source deductions?

No

Yes

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