This is one of those blogs where we will toot the horn for our fellow bookkeepers – because they deserve it. It is not uncommon to hear that bookkeepers underestimate the value they bring to a business. Yet, not only are their skills and dedication pillars in a company, but they are also so valuable that they can help building a bookkeeping business quite successfully on its own.
If you’re a bookkeeper, it’s time to recognize the crucial role you play in the financial health and success of the companies you work with. Let’s explore why your skills are a much bigger asset than you might think.
You’re Not Just Number Crunchers – You’re Financial Detectives
Your ability and opportunity to dig deep into financial data and uncover critical insights for any business owner. For example, one of our academy graduates helped a non-profit organization not only to navigate the challenges of COVID-19, but to recover from it quite quickly. Our fellow bookkeeper recognized that just because the company had to close, their costs didn’t stop. Thanks to the bookkeeper’s eye for details and financial analysis from cloud accounting software, the organization knew exactly what they needed to do, how much money they’re going to need to reopen, and that’s exactly what they did. The high level of the bookkeeper’s financial knowledge, experience, and clarity was instrumental in their survival.
You Empower Decision-Makers
Another important thing to remember is that your work directly impacts high-level decision-making. Imagine a Board of Directors and General Managers were managing finances using spreadsheets. It happens. One of the cases we know of was that using Excel only wasn’t enough to show a clear view they needed for overseeing their donation sources and available funds. However, once they implemented proper online accounting software and engaged with a skilled bookkeeper – they even found a way to access more funding, make better decisions and ultimately, drive the organization’s growth.
You Provide Financial Confidence
Good bookkeeping combined with digital tools like SortMyBooks cloud accounting software helps business owners gain financial confidence. Accurate and up-to-date records, doesn’t mean just recording transactions – you’re providing a reliable financial roadmap. This confidence allows businesses to make better moves, seize opportunities, and navigate challenges with assurance.
You’re Tech-Savvy Financial Advisors
In today’s digital age, your tech skills are invaluable and evolving. You’re not just a bookkeeper; you’re an advisor who can show business owners how to leverage technology for financial management. Your ability to implement and manage cloud accounting solutions, automate processes, and generate real-time reports is the key to success.
Remember, Your Impact Goes Beyond the Books
In conclusion, it is safe to say your role extends far beyond balancing the books. You’re instrumental for SMEs achieving financial clarity, making informed decisions, and reaching their goals. Make sure you keep in mind the true value that you bring to the table the next time you’re communicating your services with your clients.
For a deeper dive into the impact of good bookkeeping, check out our video “7 Ways Bad Bookkeeping is Ruining Your Life“. It highlights just how important your work is in keeping financial order and promoting business success.
As bookkeepers, you truly are the unsung heroes of the business world. Recognize your worth and communicate it confidently to your clients and potential employers.
And if you are one of those that would like to explore how you could elevate your skills and turn them into a successful business of your own, Take Our Quiz for FREE and see if bookkeeping entrepreneurship is a path for you.
If you have any questions, Let’s Chat!
Aileen @ Professional Bookkeepers Academy
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