The 6 Essential Reasons to Hire a Bookkeeper for your Startup
                     The 6 Essential Reasons to Hire a 
Bookkeeper for your Startup
It's no secret that starting a business is tough. 
Bookkeeping can be one of the most time-consuming 
tasks for entrepreneurs because it must be done on top 
of all other responsibilities. Bookkeepers are often very 
expensive and don't come with many benefits, such as 
payroll and super cost. This blog will give you five 
reasons why every startup should hire a great virtual 
bookkeeper to help them manage their finances!
Here are our top 6 reasons why each startup needs a 
good bookkeeper.
Reason # 1 Bookkeepers are Easier to Hire
One of the first things a startup should do when starting 
their business is set up an accounting system. 
Bookkeeping can take quite a bit of training before you get 
it right and make sure that your numbers are accurate. 
Bookkeepers have experience with distinct types of 
bookkeeping software, tallying accounts receivable and 
payroll systems. They are also aware of the compliances 
and best accounting practices. This makes it easier to hire 
a good bookkeeper since they will know what you need.
Reason # 2 Bookkeepers are More Affordable
Bookkeeping services are typically paid at an hourly 
rate or a monthly retainer fee. This is highly 
customisable and perfect for a startup as there is less 
work in the early days of operation. Bookkeepers can 
be hired as part-time or full-time staff, making them 
more affordable than most accountants who require 
higher financial commitments. 
Bookkeepers are experienced in working with startup 
businesses and they can easily identify the problems 
that need to be addressed. Bookkeeping services help 
startups by providing a full accounting service, which 
would otherwise require large financial investments for 
an internal staff.
Reason #3 Bookkeepers Can Prevent Financial Losses 
Bookkeepers make sure all your business transactions 
are recorded accurately. Bookkeepers take multiple 
courses to hone their craft. While you may feel as 
though you are balancing everything correctly at first, 
there are going to be small areas you do not 
understand. Over time, those small areas could lead to 
big mistakes that cost you a lot of money later. Certain 
errors, such as missing a bill payment, can even affect 
your business's credit rating. Bookkeepers will make 
sure you have accurate records and can avoid these 
errors.
Reason #4 Bookkeeping help meeting tax deadlines
If you are a startup owner, then chances are good that 
tax season is not your favorite time of the year. 
Bookkeepers can make this time slightly more bearable, 
as they will be able to prepare your taxes accurately 
and on time. Bookkeepers can also make a schedule for 
you so that this process does not interfere with other 
parts of running the business.
Reason #5 Bookkeeping help refocus your energy
Startup operations require a lot of energy and patience. 
A good bookkeeper can help you with the day-to-day 
details so that you can focus your energy on other parts 
of running a startup. Bookkeepers are trained to help 
business owners' priorities their time and eliminate 
nonessential tasks to free up more time for important 
decisions or growth opportunities.
Reason #6 Bookkeeping services keep everyone 
accountable
Running a startup is challenging enough, but when 
there is no one keeping track of finances things can go 
south very quickly without anyone noticing it until it is 
too late. Bookkeepers will make sure everything gets 
done according to plan not just in tax season - they will 
also do regular audits throughout the year so that 
nothing falls through the cracks. Your bookkeeper 
should be able to manage all these high jobs while 
being friendly and approaching.
If you are ready to maximise your business's revenue 
and balance its finances, it is time to hire a great 
bookkeeper for your startup. Bookkeepers are the best 
business partners for any entrepreneur, which is why it 
is important to find a great one who will add value to 
your company by keeping everything in order.
If you are ready for an amazing team player partner 
who will help you super charge your startup, speak with 
one of our startup experts at iKeep Bookkeeping. Let us 
create something amazing together.