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The United Arab Emirates has an open economy and boasts a high per capita income with a sizable annual trade surplus. Due to the flourishing economy, the UAE has bought many favorable conditions for new businesses and start-ups to set up. Keeping in mind an incredible business climate of the UAE that offers no corporate taxation, no value-added tax, no social security charges, and low import duties within the state, many fresh businesses are coming up.
To handle small but significant roles in these new businesses, there is a requirement of bookkeeping services. Bookkeepers are professionals that maintain all the financial records of the business and analyze all the transactions and expenses made by or for the welfare of the company. Young business requires bookkeepers because they know exactly the procedures of how financial data is processed and recorded for the ready reference of the firm and clients.
A bookkeeper must be qualified enough to handle all the prescribed work and must be able to resolve any issues regarding the financial data of the client whenever the need arises. There are some traits in a bookkeeper that let clients believe in them, and then the bookkeepers can be easily hired.
Skills and qualifications
First of all, the bookkeeper must be qualified enough to practice bookkeeping and should know the basic bookkeeping practices like reconciling bank statements, posting transactions, and maintaining financial transactions. The bookkeeper must also know the basics of financial statements like the cash flow statement etc. Bookkeeper must be skilled enough to handle the job perfectly and must be able to predict any potential errors or hindrances that affect the financial health of the organization or the client’s business.
The bookkeeper must also have good organizational skills. A bookkeeper handles a sensitive domain in an organization, and thus it is expected from the bookkeeper to perform all tasks in an organized manner that also satisfies the integrational needs of other domains in the organization as well.
The bookkeeper must know about your business and must be aware of the industry your business deals with so that if any point of time any important advice or solutions to any issues are required, then they can be easily sorted. The problem-solving skills of the bookkeeper, on the other hand, must also be sharp in order to handle any problematic situations.
Positive attitude and honesty
A positive and optimistic approach towards the competition is what followed by a professional bookkeeper. Bookkeeping is a stressful job and becomes tedious when a bookkeeper is dealing with multiple clients. In such a situation, the hope of positivity must never be lost. Being enraged by small mistakes by fellow mates and being agitated all the time affects the decision-making ability of the mind. Being calm and composed even at the time of toughest situations helps in framing a solution to that problem. A bookkeeper must also never indulge in any illegal and unethical activities. Keeping the client’s data safe and secured is a bookkeeper’s first priority. The bookkeeper must never manipulate the client’s confidential information and must never indulge in any kind of fraud.
Ability to work efficiently on multiple tasks and projects
This must not be confused with multi-tasking or being a multi-tasker battery. The bookkeeper must be able to analyze which tasks and projects are more complex and require more time than others. The bookkeeper must be able to segregate between heavy and light workloads so that he/she can work on them effectively and with more precision.
While dealing with multiple clients, this situation often arises, and the bookkeeper, therefore, needs to understand the requirements of the clients and therefore work accordingly.
Grasp of the latest technology
Today the traditional codes of practicing bookkeeping manually are gone, and modern technology has engulfed the field. The bookkeeper must be able to work with the latest technology and must show compatibility towards the latest updates and modernization in the technology. Today cloud technology has taken over other traditional technologies, and thus it implies that the bookkeeper must have all the knowledge to work with and must be able to handle it properly.
A learner can never be defeated
Bookkeepers must always keep on learning. Either it is their past mistakes or is it for the sake of new experiences, the learning process must never be stopped. Willingness to learn makes a bookkeeper capable of handling different problems in a very well manner. It is good to possess skills but its not a good idea if one is not willing to improve those skills, Stress handling is one such skill that a bookkeeper must posses and therefore learning to keep the mind cool and calm is very helpful.
Detail-oriented and the best advisor
Apart from managing financial tasks, the bookkeeper must also be able to suggest the client about any small pillars of success in their business. Bookkeepers retain a good knowledge of the financial data of their clients, and their analysis enables them to give important advice to their clients. They can help their clients in framing important decisions regarding future plans and projections for their companies. Whenever a client takes a big and crucial step in the welfare of his/her business, a bookkeeper is the one person who could let the client know about any downfalls or uplifts related to that big step.
These were some traits of a professional bookkeeper. Professional bookkeepers are always aware of the developments taking place around and are thus able to provide the client with the best services.