How to Find a Bookkeeper for My Business

Your bookkeeper will be responsible for the day-to-day recording, as well as the overall maintenance of your business’s transactions. Everything related to the financial side of your business will be collected and organized. Therefore, whenever you need a piece of information, you know exactly where it is. You need to understand that every transaction that is made needs to be recorded. All of the bank statements need to match the financial records. It’s a job that requires attention to detail and accuracy. If you are a business owner, especially just beginning, you probably have lots of other things on your mind. Which can result in big mistakes. We have an article on our Blog that can tell you more about what bookkeepers do for your business.

Well, technically, when you start your business! You don’t need something bad to happen in order to get a bookkeeper. But, if you don’t just want to pay for this service without being sure that you need it, there are a few signs that you should definitely find a bookkeeper. If instead of creating a plan to grow your business, you need to spend most of your time doing the books, you need to get a professional in the game! If you are afraid of tax season because you know your books are not organized, you already know what you need to do.

If your business has already passed the beginning stage and you need to hire staff, you need to get a bookkeeper. The more people you hire, the more financial documents there will be. You don’t need to wait until all your financial reports are confusing. You can prevent this! Hire an independent bookkeeper, or maybe an agency that could help with everything there is. It doesn’t really matter, as long as you have an expert handling the situation. There are many bookkeepers for hire, just waiting to be contacted. As an example, if this is too overwhelming for you, you could just contact us! We guarantee high-quality services and professionalism.

The next step in this journey is to set a budget that you are willing to spend on bookkeeping services. A freelancer will cost less than outsourcing the services from an agency, but both of these options would cost you less than hiring a full-time in-house bookkeeper. Therefore, depending on the size of your business, the complexity of your needs, and the money you have available, you must allocate a budget. Finding the best bookkeeper for you is a process in which you need to take all of the mentioned elements into consideration. So, until now, you need to identify your needs and your budget.

To get a deeper understanding of why you need a budget, we’ll give you some examples of prices for all three types mentioned. First of all, the freelancer. As you already know, a freelancer will not charge you a high amount. Typically, somewhere around $25-$80 an hour. But this option is only good if you have a small business and limited tasks that need to be done. Outsourcing from a firm could cost you anywhere from $200 to $2,000, depending on the service. The thing is that these firms have access to the best tools and experts. The work will be done quickly and more accurately than that of a freelancer.

And, last but not least, hiring an in-house bookkeeper. This might seem like the most convenient option, but only because it’s the traditional one. Think about it, besides the salary that you need to pay to your employee every month, in-house comes with some additional expenses too. You need to provide space and all of the technology necessary; the computers, the accounting software, and the coffee. At the end of the day, this is the most expensive option. But it’s a good one if you have a large business and everyone on your team is in the office.