How to Hire a Bookkeeper

Small businesses need to put together different pieces of the financial puzzle. Income and expenses need to be balanced with tax regulations and payroll and growth.

A bookkeeper can weave all of those financial needs and others together. This blog will walk you through why every small business needs one. You’ll learn how to find one, what they do, and everything else you need to know.

Why Every Small Business Should Hire a Bookkeeper

There are many good reasons to use a bookkeeper. According to the Small Business Administration (SBA), small businesses with accurate financial records are 50% more likely to stay solvent.

Businesses need proper bookkeeping to manage their cash flows and avoid bankruptcy.Bad records can lead to tax penalties, legal issues, and audits.

The Federal Reserve Bank reports that businesses that have good financial records have a much greater chance of securing financing to expand.

courtesy of smallbiztrends.com

The Role of a Bookkeeper in Streamlining Financial Transactions

Freelance Bookkeeper Vs. In House Bookkeeper or Firm

What to Expect from a Freelance Bookkeeper

Using Established Bookkeeping Services

The Advantages of an In-House Bookkeeper

Key Steps to Hire a Bookkeeper

Determine Your Business Needs

Verify Bookkeeping Certifications

Conduct Interviews and Check References

Discuss Terms, Fees, and Expectations

Finalize the Agreement

Bookkeeping Software vs. Human Expertise

FAQs: How to Hire a Bookkeeper

Is a freelance bookkeeper cheaper than bookkeeping services?

Does a small business need an accountant as well as a bookkeeper?

How can a Bookkeeper Improve Cash Flow in a Small Business?

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