Why Do I need a Bookkeeper?

Hiring a bookkeeper is a sensible choice when you need assistance with the basic elements of financial management. If managing daily QuickBooks entries and simple financial tasks is consuming too much of your time, a bookkeeper can offer immediate assistance. They are especially useful when your business involves uncomplicated transactions that require consistent and precise recording. Bookkeepers are adept at handling your everyday financial records while keeping expenses low, making them a great option for businesses with limited budgets but a definite need for professional financial support.

A bookkeeper could be the perfect initial hire if you aim to build a solid financial base without the higher costs associated with hiring an accountant. They can help establish and maintain your QuickBooks system, ensure transactions are accurately recorded, and keep your financial records organized and current. This level of organization and precision will be extremely beneficial if you later choose to hire an accountant for more sophisticated financial advice.

Bookkeeping responsibilities

Bookkeeping involves maintaining the financial records of a business, capturing all daily transactions and storing them in a database. Bookkeepers prioritize precise daily record management and usually perform tasks such as:

• Recording and classifying everyday financial activities.

• Managing accounts payable and receivable.

• Processing payroll.

• Maintaining and reconciling the general ledger.

• Ensuring precise financial documentation.

• Creating fundamental financial reports to enhance profitability.