This article is written for the business owner who has a bookkeeper and has thought about terminating that employee. As business owners, we need to make tough decisions all the time and this one is important. No matter what the company size, there comes a time for any business, to replace or eliminate an employee’s position. No one likes to terminate an employee, especially in this economic environment. We all know, that its important to always care about our employees, so this type of decision is very important and often is hard to make. Sometimes your perception is blocked by your feelings for the employee which often results in no decision. This is article is written to help you realize that it may be the right time to make a decision.
Most small business owners do not have anyone to consult with, so the decision to terminate an employee may be hard to make. Also, other business priorities may be preventing you from giving the requisite time to analyze this problem. Below are 10 reasons to assist you in making that decision, or to reinforce your decision to change your bookkeeper. If you are able identify with a couple of these reasons, or just one, and you are of the opinion that the problem cannot be corrected, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is always received late and when received, it has mistakes.
2. You or a family member are financial and computer savvy and willing to invest some additional time to do the bookkeeping.
3. Your wife, your parents, your in-law(s) or other family members lost their job and you need to replace their income.
4. You are too dependent on the bookkeeper and your bookkeeping doesn’t seem as complex as they make it out to be.
5. You have discussed this problem with your employee, have concluded that it can’t be fixed and you have made every effort to be fair and equitable.
6. Your bookkeeper doesn’t communicate well with you.
7. Your bookkeeper is always too busy to give you the answer to your questions.
8. Your bookkeeper seems to have a lot of extra time and doesn’t seem to be able to distinguish between urgent matters and priorities.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Other people have mentioned that’s its time to terminate your bookkeeper or reduce the bookkeeping hours.
Sometimes no decision is the wrong decision. If you have experienced one or more of the aforementioned indicators then it may make sense to internalize the bookkeeping within your family, assuming the replacement person is, or willing to learn, how to be computer and financial literate. Before making this decision, ask your CPA or accountant for their input.
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