What the heck is a bookkeeper?
What is a bookkeeper?
What do they do?
book·keep·er /ˈbo͝o(k)ˌkēpər/ : noun
A person whose job is to keep records of the financial affairs of a business.
To sum it up, a bookkeeper helps you keep your business's financial records in order between tax seasons.
They assist with the day-to-day management of your accounts and maintain accurate records which can help you stay on top of your cash flow.
They ensure that your business stays current with tax laws and deadlines.*
They also prepare the data needed for insurance audits or to apply for financing.
*The IRS estimates that 40% of small businesses pay an average of $850/ year in penalties for late or incorrect filing and payments.
Bookkeeper = Peace of Mind
Signs it's time to hire a Bookkeeper
Your books are always outdated. You have a backlog of paperwork and a box full of receipts.
You have unpredictable cash flow and aren't sure where your bank accounts stand at any given time. (Fun fact: 82% of small businesses fail due to cash flow issues)
You're spending your nights and weekends trying to catch up on paperwork instead of with your family.
You're too stressed about the everyday shuffle to plan the future of your business.
You're behind on sending out client invoices and collecting on accounts receivable.
You're making a mad scramble at tax season just to get everything to your CPA, which means you're paying your accountant to do your bookkeeping (at a much higher rate). And, you are more than likely missing out on some tax deductions because of the rush to get things done.