When hiring a bookkeeper, be very specific in the role that you want the bookkeeper to fill. Do not expect the bookkeeper to be an accountant. A bookkeeper is trained to know basic accounting and financial reporting, in fact, they often supply the financial reports to the accountant, however, a bookkeeper is not trained to fully advise how to set up an accounting system (even though some do, and I have), and they are not fully trained in filing tax returns (such as franchise, year end, and annual types of tax submissions).
I am going to answer the common question, “Why do I need a bookkeeper for my small business?,” with several questions that may be helpful: Do you know exactly how much the products and services that you offer are costing you? Do you know how much profit you made last month, last quarter, or last year? Do you […]
A good bookkeeper is more than a data entry clerk. A bookkeeper’s role digs in far deeper than posting invoices and receiving cash payments. Full-charge bookkeepers are the day-to-day eyes that see into the status of a business’s financial accounts. The bookkeeper is primarily responsible for creating financial transactions and financial reports, and in most […]