In this case, you’ll need to become acquainted with and use the same bookkeeping services your firm does. As your business expands, so does the complexity of your financial transactions. Hiring employees, dealing with a broader customer base, or overall business growth signals the need for a bookkeeper. They are essential to manage the increased workload and ensure the financial stability of your growing enterprise. Accountants are often asked to interpret complex data and analyses, with duties such as producing profit-and-loss statements and filing taxes. Financial accountants calculate assets and liabilities and show outside investors how a firm is doing.
When you sign up, you’ll be paired with a dedicated bookkeeper who acts as your in-house accounting team. Remote bookkeeping services typically charge a flat monthly fee, based on how much time it will take to complete your books every month. The number of accounts you’ll be tracking—and the frequency of transactions—may affect this.
Step 2: Assess technical skills
Post on relevant job boards, leverage social media, tap into professional networks, and seek referrals. Craft compelling listings that clearly communicate qualifications and expectations, incorporating keywords like “hire bookkeeper” to enhance visibility. Discussing the bookkeeper’s approach to handling sensitive financial information and the measures they have in place to ensure data security is essential for building trust. The software a bookkeeper is comfortable using is crucial for seamless integration with your existing financial systems.
Not having strong bookkeeping skills can also allow errors to occur. hiring a bookkeeper can reduce the chances of errors in your books and give you more peace of mind. Typically, it’s more expensive to hire a firm than a freelance bookkeeper, since firms have higher overhead to cover. In both cases, if you use dedicated bookkeeping software, you should ensure that your bookkeeper uses the same brand. They may be able to import expenses remotely, cutting out email threads or trips to the office.
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As we’ve covered in this guide, a bookkeeper is highly valuable to a small business and can provide more services than just financial recording and compliance. Often a bookkeeper will specialize in a particular industry, so it pays to ask them about this so that they can add even more value. Make sure that you get the best out of your business by hiring a bookkeeper to help you along your journey. If you’d prefer to take some of the stress out of the hiring process, consider partnering with Bench. They ensure their team is fully trained and has the skills necessary to be your in-house virtual bookkeeper. You should consider hiring an accountant when you require expertise in complex financial matters, tax compliance, or strategic financial guidance.
- They’ll be best placed to answer questions about where the money is coming from, and where it’s going.
- Robert Half has years of experience placing bookkeepers with clients on both a temporary and full-time basis.
- That extra calculation made the decision a bit harder, didn’t it?
- Full-time access to financial data and lack of full control over that data are two major reasons why people still have qualms about hiring a bookkeeper.
- “Why hire a bookkeeper if I only do a few transactions per day?
In essence, a bookkeeper is more than a numbers whiz; they’re a guardian of your financial well-being. Her writing has also appeared in NewsWeek and Huffington Post. For example, note which software you want a candidate to be familiar with–including general programs that your office uses. Below are some recommendations to help you hire the right bookkeeper for your business needs.