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10 Reasons to Hire a Bookkeeper in 2014

Updated on April 16, 2014

Contemplating hiring a bookkeeper? There are so many reasons to. Here are just 10:

1.You have no clue what you’re doing. (You think you do, but trust me you don’t)

2.Help you track why you have no money left in the account.

3.You’re not organized. (You can just empty your pockets on your office desk)

4.You don’t remember what you did yesterday, never mind last week.

5.Bills get paid on time and brings creditability to your customers. (Save on late fees)

6.There is someone between you and the bill collector. (That alone is worth it!)

7.You don't know what your accountant is talking about.

8.You may know how but you’re not interested. (I agree, it can be pretty boring)

9.You actually know how much money you have in the bank. (No it’s not your ATM balance)

10.You just don’t have the time.

BONUS REASON: You’d rather play golf.

But seriously, your time is worth something and should be spent creating new ideas, finding new customers and running your company. Even if you don’t need a bookkeeper every day or every week, have someone come in at least once a month to reconcile bank statements and pay bills. It’s best to catch mistakes or errors early, not at the end of the year. Those who wait for the end of the year to bring their shoe boxes to an accountant/CPA or tax preparer are going to pay more in the long run and the information will be much more fresh in your mind when you have a bookkeeper there regularly.

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    • rightfit4life profile imageAUTHOR

      Lynda Barton 

      5 years ago from Raleigh, NC

      Nice website Futurebooks!

    • profile image

      Futurebooks 

      5 years ago

      They are responsible for creating the general ledger (GL) which is the basis of the company’s management accounts.

      They deal with every transaction. If the business has 800 transactions per month, the bookkeeper is likely to touch all 800 at least once.

      As such, bookkeepers need to be fast, accurate and knowledgeable. They have to be resourceful because they need to quickly discover the origin of unknown transactions.

      When hiring a freelance or full time bookkeeper, there are several qualities you should look for. They include:

      • knowledge

      • speed

      • accuracy

      We posted more here: http://bit.ly/QBhPDb

    • profile image

      Jeff 

      7 years ago

      #1 is the spot on!

    • lafamillia profile image

      lafamillia 

      7 years ago from Soutcentral Europe

      Excellent Hub, and yes - you are totally right.

    • profile image

      RachieH 

      7 years ago

      Excellent, thanks- I like the idea of going for a freelance bookkeeper who doesn't necessarily have a degree, because experience pays. I will have to look into Quickbooks. Thanks for the quick response!

    • rightfit4life profile imageAUTHOR

      Lynda Barton 

      7 years ago from Raleigh, NC

      Good thinking! You can expect to pay anywhere between $15-$25 for a decent bookkeeper depending on their experience, your needs and locality. If you’re using Quickbooks, the most popular accounting software, you can look for someone who has their certification or an accounting degree. A CPA does not need to do your bookkeeping, nor do they want to. Go to them at the end of the year. I can pretty much guarantee you, they are passing the work over to a bookkeeper in their office anyway and marking up the services to the client. Lots of experience combined with great references and a background check is as good as someone with an accounting degree. Don’t get caught up in the credentials. Chances are if they’ve been bookkeeping a long time, they may have a lot of insight to offer the micro-entrepreneur, as they have probably seen the success and failure of many. If they don’t have a website, you can still ask to see a resume and look for a good match. Many free lance bookkeepers expect to only come in once a week or once a month, but expect to pay them a day’s pay. Just remember, you get what you pay for. This is one area you may not want to cut corners.

    • profile image

      RachieH 

      7 years ago

      Nice hub. Do you have any estimates for what it might cost for a bookkeeper to come in once per month or so? I definitely see the value... you raised some good points in this hub. I believe that I am pretty organized, but if I were to start my own small business, I still feel like I would want to have a bookkeeper to dot the i's and cross the t's for me!

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