You Have Questions. We Have Answers.
Your Most Frequently Asked Questions, Answered.
Q: Why should I hire a bookkeeper?
A: There are a few reasons why you might want to hire a bookkeeper rather than handle the bookkeeping yourself. For one, by outsourcing the bookkeeping, it gives you the time and energy to focus on growing your business. Or fly-fishing. Or spending time with your family. (In other words, what’s most important to you.)
Another reason why people hire us is to decrease the odds of making a mistake in their financials. Our clients like knowing that our team can do the heavy lifting, so their financials are always accurate.
In addition, you want to keep your business in compliance with government agencies. Having your books reconciled each month will ensure that you are “tax ready” at the end of each quarter and year.
Bookkeepers can also bring a fresh perspective to your business financials. We can offer a 10,000 foot view of how you’re doing each month and where there are opportunities for profit improvement.
Finally, bookkeepers can offer assistance with safeguarding assets. It’s beneficial to have a disinterested 3rd party looking at every transaction for authenticity and legitimacy.
Q: What should I consider when I’m hiring a bookkeeper?
A: Before hiring a bookkeeper, we suggest you interview a few candidates. Here are a few things to consider when you’re interviewing bookkeeper candidates:
- Ensure they have professional education in the field, relevant experience, and a good track record.
- Find out what oversight policies they have in place. What checks and balances are implemented to ensure accuracy?
- Ask if the bookkeeper has experience in handling financials for your industry. Some industries are more complex than others, so it’s helpful to hire someone who is familiar with the intricacies of your industry.
- When you’re asking for a price quote from a bookkeeper, be upfront about how much interaction you want to have with them. One client might prefer to receive a monthly P&L statement with a quick note, while another client might want have a quarterly face-to-face meeting to go over financials. Most bookkeepers are willing to accommodate your needs.
Q: Why should I hire a bookkeeper rather than a CPA?
A: Bookkeepers and CPAs fulfill very different needs. While bookkeepers oversee the day-to-day maintenance of the financials, CPAs provide guidance in areas such as filing taxes and proactive tax guidance. CPAs often work hand-in-hand with bookkeepers to keep a business’ finances running smoothly. Some CPA firms may offer bookkeeping services but usually at much higher rates.