Should You Hire a Bookkeeper or Do It Yourself?

hire a bookkeeper

They may be able to import expenses remotely, cutting out email threads or trips to the office. A local freelance bookkeeper should be able to visit your business in person in order to collect and organize your paperwork. Unless your business has roughly thirty or more employees, or over a million dollars annual revenue, you probably don’t need to hire a full-time, in-house bookkeeper. Xero does not provide accounting, tax, business or legal advice.

This lets them avoid the kinds of service gaps that may crop up with an individual freelancer. A bookkeeping firm employs multiple bookkeepers under one roof. If you’re worried about not having someone you can count on everyday, and don’t mind paying a bit more, a bookkeeping firm is a smart choice.


Problem Solving – Even more than a number cruncher, bookkeepers and accountants are problem solvers. Why doesn’t our gross-profit-by-job report pass the “sniff test? ” Rather than skipping or glossing over a problem, an excellent bookkeeper will analyze the options, gather information and develop solutions to fix it. Whatever the reason, the simple fact is you’re not getting the financial information and business intelligence you need to make accurate, timely decisions. It’s ideal to find a bookkeeper who can handle taxes a well as payroll and other financial issues. Don’t hesitate to reach out to us at FreeUp to help you find a freelance Bookkeeper for your business.

hire a bookkeeper

In many cases, the situation of a business owner who’s just starting out may be simple enough for them to perform their own bookkeeping. On top of that, the volume of transactions each month might be minimal enough that bookkeeping might not even be a time-consuming task. In the end, you’ll find that looking for behaviors rather than skills will help you find people who not only fit the job, but are more apt to fit your company and your professional expectations.

The benefits of diversity

You can also ask friends or colleagues who have utilized bookkeepers for their businesses. Recruiters are also an option, but word of mouth is often cited as the most trustworthy way of figuring out if a professional is qualified and will perform to your standards. Sign up now and enjoy the peace of mind that comes with knowing your bookkeeping is accurate, up-to-date, and free from costly errors.

  • Save time and find higher-quality jobs than on other sites, guaranteed.
  • As you shop around, try to find out whether the remote service you’re considering is able to work with accountants.
  • It’s best if you can find someone who uses the same accounting software as your accountant.
  • Whether you are looking for long-term or short-term temporary bookkeepers, you will find interim staffing options at Robert Half.
  • Learn how to attract and manage investors, including how to market your property management business, implement your marketing plan, onboard new investors, and keep your client investors happy.

After you’ve figured out what type of bookkeeper you need, determine what bookkeeping process best suits your company. Paper-based bookkeeping means gathering your physical papers and records and reviewing them in person. Digital bookkeeping is usually a cloud-based process of tracking records, and is the preferred method hire a bookkeeper for most small businesses today. Two good answers are using digital approaches, such as accounting software to enter data accurately and keeping your workspace clutter-free. But, look for answers that show your bookkeeper candidates’ ability to use their organizational skills to optimize their workflow and productivity.

Why Hire a Bookkeeper for Your Church?

If a remote bookkeeping service is worth hiring, they ought to be able to guarantee a certain level of quality. For instance, at Bench, all bookkeepers get training and ongoing education in bookkeeping, in addition to having multiple full-time staff dedicated just to quality and standards. Because a firm coordinates the work of multiple employees, it’s unlikely you’ll encounter the same service gaps you might expect from a single freelance bookkeeper. You don’t need to worry about your bookkeeper getting sick or leaving on vacation, since your books can be picked up by other other bookkeepers at the firm. With the growing popularity of cloud-based services, many firms work remotely with clients.

  • They should weave this into their answer and describe their approaches to ensure that invoices are not duplicated.
  • Xero does not provide accounting, tax, business or legal advice.
  • Taking advantage of virtual bookkeeping services can make the process more streamlined and easier to access paperwork and other statements online, rather than having to meet in person.
  • Solomon Page is a staffing and recruiting agency that specializes in matching the right candidates with the right employers within a range of industries, including financial services.
  • On top of that, the volume of transactions each month might be minimal enough that bookkeeping might not even be a time-consuming task.

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Stay out of what you don’t really know or understand.

Others might raise a couple of invoices a week but they might have more expense transactions going through, so it does vary from client to client,” says Whitman. Another alternative to hiring a bookkeeper is to work with a property management company. This option offers greater control over your financial records and can be more cost-effective than hiring a bookkeeper.

hire a bookkeeper

They should be able to record all transactions and reconcile the accounts. The best way to find out if they can competently carry out this role is with an accounts payable test, which will assess each of these aptitudes. We recommend one type of attention to detail test when hiring a bookkeeper – the textual attention to detail test. Using this test will help you understand whether your candidates can use analytical skills to deal with complex processes.

How to determine behaviors in an interview

That’s why a bookkeeper should be the gatekeeper of the money, creating the necessary approval processes that stop partners from just withdrawing money. With more than one founding partner, issues could arise where each partner has some idea of how the money should be spent and how to easily access it. Otherwise, conflict could arise that could impede the progress of your startup. That way, mistakes will be less likely, as well as issues that could cost you more money. Remember, if you miss a bill or forget to pay something important, this will significantly impact your business credit.

hire a bookkeeper

You can usually ask for references of customers similar to you, so you can get an honest picture of what it’s like working with that firm. Otherwise you could end up with several months’ worth of receipts and invoices to be processed. That will take time and may be difficult to do, because you’ll have forgotten which client to bill for a particular expense. In the past decade, the professional services industry has transformed significantly.

Make Money

Real-time information is also vital if you want to make sound business decisions. Without proper bookkeeping, it would be easy for transactions to go unrecorded, left to pile up until the end of a financial period. Mistakes could be made and important details could be lost or forgotten. And bookkeeping might not be something you enjoy or have time to understand. In this guide we’ll look at what a bookkeeper can do for you, and when you might hire one for your business. First time looking for a Bookkeeper and not sure where to start?

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