Benefits of Hiring a Bookkeeper
WHY USE A BOOKKEEPING SERVICE?
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How do I know if I need a bookkeeping service?
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Are you confused about how to set up a bookkeeping system to meet your needs?
Are you spending too much valuable time entering invoices or bills, tracking payments, or doing payroll?
Have you been neglecting your books and are not prepared for tax filings?
Are you a new business and trying to keep track of everything is getting overwhelming?
Are you spending too much money on a full-time, in-house bookkeeper?
Would you like to have more time to invest and grow your business or to spend on your personal life?
Why do I need a bookkeeping service?
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Small business owners can find themselves devoting so much of their time to completing tedious bookkeeping, invoicing, paying bills, and processing payroll that they lose valuable time they could be spending doing the work they started their business to do!
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Not only does hiring a professional bookkeeper help you spend more time doing the work you are passionate about, but it also helps ensure that your financials are being properly recorded, organized, and reported to you on a regular basis so you can make business decisions that will empower your business to grow. No matter what size business – good financial records need to be maintained!
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What does a bookkeeping service do?
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A bookkeeper offers an approach to developing and streamlining your company’s overall financial processes and management. A bookkeeper can be utilized to track and categorize income and expenses, perform monthly reconciliations, maintain financial reports, prepare payroll and payroll tax reports, and anything in between, depending on your company’s needs.
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A bookkeeper will provide checks and balances to ensure the company’s overall financial accountability by regularly reviewing the ledger for accuracy, while also maintaining the integrity of all your business accounts.
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How can a bookkeeping service benefit my business?
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A bookkeeper will implement and maintain a consistent financial process that strengthens the health of your company and helps to create and encourage uniformity in tracking, paying and reporting. The value of this is immeasurable as it insulates your business from many costly risks and gives you as a business owner invaluable peace of mind.
The benefits of hiring a bookkeeping service are immeasurable by including providing up to date and accurate financial statements your company can use to make business decisions.
A bookkeeping service can catch financial mistakes such as bank errors or duplicate payments. If your financials are being reconciled each month, nothing will go unnoticed. This can save you money and stress.
Bookkeepers can help make tax time less stressful. There will be no rushing at the last minute or digging through boxes of receipts to try to compile the necessary documents for the past year. If your bookkeeping is kept up regularly, you are ready for tax time year-round! Kris can coordinate with your accountant to make tax time a breeze.
A bookkeeping service does not require benefits such as vacation, sick leave or holiday pay; your
company does not have to pay the payroll taxes for the service including worker's compensation or unemployment; there are no employee benefits like health insurance; and, you don’t have to provide the office space or equipment.
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If your bookkeeping needs are minimal, you can hire a part-time bookkeeping service to only provide
the services your company needs.