Business Loans and Financing 

Hi, I'm Donna Molin, your go-to professional for all things bookkeeping. With my extensive experience and a deep understanding of the financial intricacies in businesses, I've been instrumental in guiding companies towards financial stability. In this video, we'll be discussing the phrase 'team player' and its implications in a bookkeeping context.

In this video, we will explore the common misconception that a bookkeeper should be a "team player" as seen in help wanted ads, and discuss how this notion fails to recognize the vital leadership role a bookkeeper plays within a company's financial team.

The bookkeeper, alongside the CFO and accountant, is one of the three most crucial back-office personnel. A skilled bookkeeper not only ensures the accuracy of the financial records but also enables the CFO and accountant to maximize their expertise in driving the company's profitability. The bookkeeper collaborates with the owner, CFO, and accountant, but their role within the company extends beyond simply being a team player.

A bookkeeper is, in fact, a team leader, responsible for implementing strict, regimented processes and procedures to maintain a seamless flow of accurate financial information. The rest of the team must adhere to these processes and procedures, providing the bookkeeper with the necessary information in a timely and accurate manner.

Failing to follow these established protocols can lead to a time-consuming and unprofessional search for information, ultimately harming the company's financial health. In the past, such behavior would not have been tolerated, and today, it is essential to enforce these standards by providing warnings and, if necessary, removing those who cannot comply.

In conclusion, the idea that a bookkeeper should be a "team player" is a misleading and outdated notion. Instead, recognizing the bookkeeper as a team leader who enforces critical processes and procedures will help your business maintain financial stability and achieve long-term success.