When To Hire A Bookkeeper Or Accountant
If you’re reading this article, the short answer is, “now”. Let’s talk about why…
Many entrepreneurs like yourself run on self-sufficiency and a DIY mentality. Up until now, you have brought an idea or a service to market, which is no simple feat and you should be proud! As a small business owner, you are likely wearing many different hats on a daily basis. You are the CEO, scheduler, buyer, marketing director, salesperson, and janitor all rolled into one, but your least favorite hat is the accountant’s visor. While you may be very good at many of these roles, it’s easy to get overwhelmed when you’re wearing so many hats at once. Most business owners tend to push the accounting aspect of the business to the back burner because it’s so foreign and daunting to them. Your passion lies in your craft, not accounting.
We like to think of hiring a bookkeeper as purchasing insurance for your bank account. It’s never too early – or too late – to take advantage of professional guidance when it comes to your finances. We can save you time and money by making sure all the financial details are in order — from keeping track of payroll and receipts to ensuring bills get paid on time, avoiding any unchecked interest and late fees that can bring a business to its knees. We also give a high-level assessment of your company’s current and future financial health.
Here are a few cues that tell you when it’s time to hire a bookkeeper.
You’re strapped for time. We will make tedious tasks like categorizing receipts and keeping up with various taxes our priority so that you can prioritize growing your business.
You’re missing receipts. This is very common and we have developed trusted methods of keeping track of expenses in efficient and user-friendly ways.
Monthly reconciling is not your thing. Recon-what? Reconciling is a critical yet complicated part of the accounting process. If it’s done incorrectly, or not at all, issues can arise, especially at tax time. We can help you stay ahead of the game, every month.
Here are a few ways Moose Creek Bookkeeping can improve your business:
- Reduced time and worry spent on accounting activities.
- Improved cash flow management, which allows you to focus on growing your business.
- Better financial reporting for tax purposes can lead to less tax liability for you.
- You’ll know exactly where your money is at all times.
The idea of hiring a bookkeeper can be intimidating if you’re a small business owner who’s always been in charge of your own books. Or perhaps you’re great at accounting but your business is growing too fast to keep up, either way, hiring Moose Creek Bookkeeping will help you save time, make better decisions and avoid costly mistakes.