When Is It Time to Hire a Bookkeeper?

Hiring a Bookkeeper - Complete Controller

Bookkeepers help businesses with day-to-day accounting, record keeping, and performing essential business transactions. How do you know if it is time for your business to hire a bookkeeper?

Bookkeepers are valuable assets

There is no denying the fact that bookkeepers are valuable business assets and are always a large part of a big corporate operation. Large-revenue businesses complete multiple transactions a day and obviously need an accountant to track and record this financial exchange. Smaller startups tend to rely heavily on the use of software and spreadsheets and may be doing the bookkeeping themselves. How do you know if it is time for your growing business to hire an official bookkeeper? Exit Advisor

The sooner, the better

It is a wise idea to hire a bookkeeper as soon as possible. They are trained to handle core business responsibilities and will be beneficial to have on board from the beginning. Developing and maintaining healthy financial habits from the start can ultimately help you avoid hiring someone unfamiliar to your business in the future and then having to trust them with sensitive information in your operation. Also, it can be much more expensive to bring on a bookkeeper later that has to spend time and resources repairing the books before they can even get started.

Investing in a bookkeeper pays off

In order for your company to make accurate and strategic financial predictions for the future, they will need to have a strong and reliable record of accounts now. Consider investing in the success of your company’s future now by adding on the appropriate bookkeeping services today.

What Do Bookkeepers Do?

Bookkeepers are associated with many daily tasks and responsibilities on a day-to-day basis. These may include:

  • Recording Daily/Weekly/Monthly Sales
  • Receiving and Paying Vendor Invoices
  • Preparing Customer Invoices
  • Managing Company Expenses
  • Creating Receipts
  • Handling Payroll
  • Reconciling transactions and books at the end of each business day
  • Files Taxes

In addition to these responsibilities listed above, they can help categorize and organize your financial operations and processes and provide valuable information on sales and the growth of the business. Download A Free Financial Toolkit

Hiring a Bookkeeper

If your business is growing and you find it is time to hire a bookkeeper, you will need to search and find the most qualified candidate for the job. You want someone who is trained and has an educational background in finance. You want them to be able to communicate well and who can provide clear insight. They need to be trustworthy and prove that they have the potential to deliver accurate and strategic results. They need to make wise financial decisions and be committed to and plan for the future.

Although DIY bookkeeping software is a cost-effective solution, they do not compare with having a suitable and qualified working team of staff. They can also help utilize the bookkeeping software most effectively and may be more knowledgeable about the most appropriate accounting tools for your business and financial needs. LasPass – Family or Org Password Vault

In conclusion

To make the right decisions for your firm, you need to hire a bookkeeper who will ensure your company’s growth and success with their knowledge, skills, and experience.

Hiring a professional bookkeeper is often considered pricey. But in fact, it does not need to be associated with a high price. There are plenty of options for cost-effective bookkeeping services that will fit your business needs and your budget. Invest in your company’s future and consider looking for a bookkeeper today. You just may find that it pays off in the long run. A skilled and efficient accounting department can truly increase the productivity of a business.

CorpNet. Start A New Business Now About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Complete Controller. America’s Bookkeeping Experts