Are You Ready To Hire A Bookkeeeper?

Congratulations! You are taking one of the first steps in optimizing your time for your business. You are here because you value your time and are considering hiring a Bookkeeper to support you with financial management.

Bookkeepers primarily handle the following:

- Categorize all business transactions

- Reconcile all business accounts

- Produce financial statements

Bookkeepers can also manage many time-consuming administrative tasks such as:

- A/R invoicing process to streamline cash conversion from customers

- A/P bill pay to handle all vendor bills to ensure they're paid on time

- Process all 1099s to ensure you met the Jan 31st deadline each year

- Help analyze financial statements to support your budgeting

Business Owners already have all of the tools to handle their own bookkeeping. Each owner should ask themselves this: Is my direct handling of all of these administrative & mundane bookkeeping activities truly the best use of my time?

Determining when it's time for you to hire a bookkeeper really depends on a series of factors such as your accounting expertise, interest, time, and of course, budget.

Why are we here? Well because someone has to do bookkeeping. The IRS requires each business owner to file their taxes, and in order to file them, you need to submit a Schedule C. The Schedule C requests accurate and referable information pertaining to your categorized income and expenses incurred throughout the year. These numbers are taken directly from your business's year-end Profit & Loss statement. In order to get this statement, bookkeeping is required. It needs to do it correctly to ensure that your risk of audit and tax liability is minimized.

Are you ready to see if now is the time to hire a Bookkeeper? Take this short quiz to find out!