What’s the value of a bookkeeper?
I personally know a handful of independent contractors who do work for various clients throughout the year, then visit their CPA (Certified Public Accountant) come tax season. They give their CPA a stack of receipts along with a personally calculated income amount. Depending on the type and size of your business this may work for you – especially if you don’t have any plans to grow. But, if you’re a small business owner with employees, contractors, or maybe just yourself and you aren’t able to keep up with your record keeping then a Bookkeeper can be a valuable asset.
What is your time worth?
Chances are you don’t know how to properly set-up your books along with keeping them accurate. If the books are not managed correctly your reports will not provide you with truthful information about your business.
Here are a few quick reasons you should consider hiring someone to “keep your books” as we call it:
- Staying organized
- Ability to provide financial statements
- Helps you plan for large cash expenses
- Helps you avoid interest & penalties
- Makes filing taxes easier & less expensive