Don’t hire a bookkeeper until you read this!
                     Don’t hire a 
bookkeeper until 
you read this!
Hiring a bookkeeper can be the most important 
decision you will make in your business. Ask yourself 
the following 2 questions and it will help you in making 
a more informed decision.
Can your small business afford an individual 
bookkeeper?
If you’re thinking about hiring an individual bookkeeper, 
there are a few things to keep in mind first. Unless your 
business is very small and you can easily handle all the 
bookkeeping yourself, it’s probably not a good idea. 
Here are four reasons why:
1. If you are paying someone to attend your office, you 
are inherently paying them for their travel time and 
breaks as they spend time in your office.
2. Unless you are proficient in various accounting and 
financial software programs, you’ll be placing a 
huge amount of trust in this individual’s abilities.
3. An individual bookkeeper is unlikely to be familiar 
with your industry and the specific needs of your 
business.
4. Hiring an individual bookkeeper means that when 
they get sick or their personal situation changes, 
you can be left on your own with no notice.
What are alternatives to hiring an in-house 
bookkeeper?
There are several alternatives to hiring an individual 
bookkeeper, including doing your own bookkeeping, 
using an online bookkeeping service, or working with a 
professional bookkeeper. Each option has its own 
advantages and disadvantages. Here are four options to 
consider:
1) Do Your Own Bookkeeping: This is the cheapest 
option and can be done on your own computer. 
However, it can be complicated and time-consuming, 
and you may not have enough expertise to manage 
your finances effectively. As a business owner, there are 
probably 100 more important things you could be doing 
than chasing down receipts or learning how to do a 
bank recnciliation.
2) Work With a Professional Bookkeeper: This is the 
most professional option, there are dedicated expert 
bookkeeping providers and it will provide you with 
more comprehensive financial management services 
than either do-it-yourself or online bookkeeping 
services. You may also find that a professional 
bookkeeper is more knowledgeable about compliance 
issues.
If you’re looking for reliable bookkeeping services that 
will save you money, then you should consider 
customized services. With customization, your 
accountant can take all the information you provide 
and create a realistic budget that considers your 
specific financial needs and goals. This way, you know 
exactly how much money you’re spending each month 
and where to adjust so that you can save even more.
If this sounds like something you would benefit from, 
call us today to schedule a chat!