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Beware the 6 week bookkeeper
16th April 2009 |
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There is no doubt that franchising can be a very beneficial and successful method of conducting businesses for both the franchise operator and the customer in certain conditions. Franchising works particularily well where there is large repetition of identical or very similiar products or services (eg fast food and dog washing), however questions need to be raised of weather the current trend of franchising bookkeeping businesses to previously non qualified accountants or bookkeepers meet these conditions.
Often those who purchase bookkeeping franchises (usually for around the $30,000 to $50,000) have no accounting and bookkeeping background. They are then given approximately 6 to 8 weeks of in-house training and then allowed to advertise their services to the public and commence work on customers accounts. These training qualifications alone do not qualify bookkeepers for membership to any of the recognised accounting or bookkeeping professional bodies. Before engaging the services of a franchised bookkeeper, business owners need to be aware that there are logical reasons why professionally recognised accounting and bookkeeping bodies have strict training and qualification guidelines before they accept accountants and bookkeepers as members, and even stricter guidelines before these members are permitted to advertise their services to the public as a member of the professional body. Does your bookkeeper meet the criteria for membership to a professional accounting or bookkeeping professional body? |
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