Bookkeeping 101: What You Need to Know about Hiring a Bookkeeper

Bookkeeping 101 - What You Need to Know

Do you know that bookkeeping services could drastically change the financial outlook for your company? It is common knowledge that small business owners need to keep up with financial tracking and strategy. But, too often these tasks fall to the bottom of the priority list.

If you own a small business, then it is essential that you consider the benefits of hiring a bookkeeper. You have a lot of responsibility to deal with many aspects of business management, and outsourcing the bookkeeping tasks can reduce your stress levels so that you can focus on other important daily tasks.

How Can a Bookkeeper Help Your Business?

To put it simply, a bookkeeper is a financial professional who can help with managing the money that flows through your company. Bookkeeping services are focused on tracking revenue and paying the bills, to be sure that financial responsibilities are met throughout the year.

Not only do bookkeepers track the numbers on a daily, weekly, monthly, and annual basis, but they can also offer financial advice to help with the future success of your company. The goal of these services is to ensure that your business runs smoothly. By tracking cash flow and setting expectations for the future, you can make decisions right now that will positively impact the outlook for your company.

Employee or Outsourced Bookkeeper?

It is easy to see why bookkeeping services are vital for your business. Once you’ve decided that you need someone to help with bookkeeping, how do you get started? A common misunderstanding is that an employee needs to be hired to take care of these tasks. But, you don’t have to bring someone else onto the payroll. Instead, you might consider the benefits of hiring an outsourced bookkeeper.

Outsourcing the bookkeeping tasks can be beneficial to protect the financial interests of your company. You will have a third party checking the numbers to detect potential fraud that might be happening among your employees. Additionally, the overall costs of these bookkeeping services are often cheaper compared to hiring an employee. When you choose an outsourcer, you don’t need to worry about paying for payroll costs or benefits.

Bookkeeping Services for Your Company

These bookkeeping services can be catered to your individual needs. Here are a few things that you might want the bookkeeper to help with:

  • Payroll management
  • Creating and sending invoices
  • Paying the bills
  • Documenting sales that come through
  • Verifying vendor costs
  • Sending payroll taxes
  • Running financial reports
  • Handling sales tax tracking and payments
  • Reconciliation of bank accounts

Your bookkeeper can help with these financial tasks, and also make recommendations about things that need to be implemented in your company.

Are you interested in learning more about the benefits of small business bookkeeping services? Call us at Easier Bookkeeping to see how we can help: (888) 620-0770

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