Most business owners tend to do everything on their own just to save money. However, when it comes to the financial department, young entrepreneurs should think about seeking help from a professional bookkeeper. There are lots of user-friendly websites around that they could use but nothing beats the services and performance offered by a bookkeeper who is more expert when it comes to that particular job. If you have been asking yourself if you wanted to hire them or not, here are some factors that you could consider first to come up with a better decision.
Does my company need an accountant or a bookkeeper?
Aside from mistaking the two as the same person, there are also business owners who are confused if they should hire a bookkeeper or an accountant only. A company or business needs both of these services. Your accountant can help you in looking into the bigger picture of the current situation of your company’s finances, and they can provide advice for a better strategy to improve it and fix the problems. They are responsible for writing key financial documents and other matters related to the money of the company.
On the other hand, the bookkeeper is responsible for dealing with clients on a daily basis. They would make sure that they have provided the accurate paperwork of the company’s payroll as well as paying up different debts and bills. They keep a track on the expenses of the company, and they record everything that comes in and out.
When to hire them?
Once you’ve decided if you just wanted to hire a bookkeeper or if you wanted to hire them both, it’s about time that you pull them in as part of your team in your company. You will start to see the different trends, and you will think of a new strategy where you can save more money that’s why you’ll finally decide to hire a bookkeeper.
The rates of having a bookkeeper in your company will depend on the location of your business. You could offer either an hourly basis or a contract basis if you wanted. There are instances when you know that you won’t be dealing with your bookkeeper now and then so you should opt for an hourly basis instead. It will all depend on the needs of your company. This article has been contributed by http://www.aimbc.com.au/