Accounting compliance is an ever-changing landscape and one the most valuable skills bookkeepers can offer a small business is an up to the minute understanding of taxation law.
So how does a small business owner know if his or her bookkeeper is up to date with the compliance issues that affect their business? According to Clive Barrett, Chief Executive of Australia’s largest franchised bookkeeping service, First Class Accounts, the answer is to ensure your bookkeeper undergoes a regime of continuous training.
“At First Class Accounts, we have developed an ongoing training program that all of our franchised bookkeepers undertake,” Barrett says. “Our extensive training program includes quarterly regional training sessions, a four-day national conference and regular webinars that our entire 170 member network undertakes to update them on all compliance issues and any changes to the bookkeeping environment.
“In addition, our National Support Manager meets with each and every bookkeeper to review their individual progress, our training manager and support team are on call at all times to assist with any enquires, and we have devised systems that our bookkeepers follow to ensure that all work is completed for each client and that no deadlines are missed.”
In addition, Barrett says First Class Accounts has strong partnerships with software suppliers such as Xero, MYOB, Reckon and Intuit, which ensures its bookkeepers can work with their clients using the latest programs and across all formats, keeping them up to the minute as well as compliant.
For more on First Class Accounts, visit www.firstclassaccounts.com now.