A bookkeeper is not an extravagance. Someone has to do it. If you are a bookkeeping wiz, you are all set. If you struggle and put off the bookkeeping, you may be experiencing some of these headaches:
1. Working now on getting the information to your accountant.
A bookkeeper would have the information the accountant needs to him/her by the end of January, probably sooner. Trying to remember what happened last week is a challenge. Trying to figure out what a $1,234 transaction from Amazon last February that is on your bank statement but not in your QuickBooks is very frustrating. Trust me, it takes two to three times longer to update your financial information at the end of a year. A bookkeeper will save you time and headaches.
2. Paying unnecessary bank fees.
When you're not sure how much money is in your account, the bank fees can start to stack up. We’ve seen $1,000s in bank fees that could have been used to pay a bookkeeper. With a bookkeeper, you would know your checking account balance - always.
3. Constant worries about cash.
A bookkeeper keeps your bank accounts up to date. No more guessing. Better planning. A good bookkeeper will improve your cash flow by collecting receivables quicker.
4. Unable to apply or get a loan because of bad financial information.
With a bookkeeper your Profit & Loss and Balance Sheet will reflect your business correctly. Banks have the information they need to make a loan.
5. Not knowing how well you did last year.
Do you ever think you are doing well but don’t have the cash to prove it? A bookkeeper can show you how you are doing so you have good information to make better decisions.
Suffer no more – hire a bookkeeper.