Bookkeeping questions to ask before hiring a bookkeeper
Bookkeeping keeps you in the loop for all business transactions which is important as these are the blueprint for your business. However, there are a lot of individuals who do not see the importance of bookkeeping in a company.
Some business owners still think hiring a good bookkeeper is an additional expense for the company, which is why they are skeptical about doing this. Here are some commonly asked questions when considering hiring a bookkeeper:
Commonly Asked Questions, FAQS and Replies to the Bookkeeping Questions
- Should I hire a bookkeeper?
Small business owners (especially those that are just starting out) may not necessarily need to hire a bookkeeper if they can manage all the payroll and financial transactions on their own. However, businesses are built to prosper and that means more transactions and extra bookkeeping tasks that need to be done. This would be the right time to decide to hire a bookkeeper so as not to compromise finances.
- Do I need a bookkeeper?
Bookkeepers will do the job professionally and orderly unlike an individual who is not trained for the job. In all business undertakings, it is crucial to hire a bookkeeper so that records of all financial transactions are well documented.
- When should I hire a bookkeeper?
This depends mainly on the demands of the business. But you could hire a bookkeeper as soon as you start the business so that you are properly informed on what you should do with your finances.
- Should I go with in-house bookkeepers or outsourcing?
Both can be beneficial as long as you hire the best bookkeepers. Hiring a mediocre bookkeeper could cost you more than it helps, so you need to choose wisely.
- Which is more beneficial, In-house or Outsourcing?
In-house bookkeeping allows you to check all records and transactions at anytime and you develop as a team within the company, but be sure to hire a good one to avoid errors. In outsourcing, you can be sure you’re getting professional bookkeeping services and you can choose to outsource when needed. Outsourcing accepts short-term bookkeeping hourly rates, compared to in-house where you need to consider monthly salaries and annual benefits. Both are beneficial depending on the demands of the company.
- What is the difference between an accountant and a bookkeeper?
Bookkeepers are in charge of the data for all transactions, while accountants do the finances. The accountant prepares a report according to what data a bookkeeper has recorded. Bookkeepers follow what an accountant tells them to do when choosing the right kind of bookkeeping to use.
- Can we get an affordable bookkeeping service?
There are a lot of affordable bookkeeping services offered at Teva Bookkeeping Solutions depending on what kind of services you want for your company. We only offer the best for you and your finances. We provide a professional bookkeeping service at a reasonable price.
- Are the bookkeepers of TBS trusted?
We have been on the market for quite some time and have provided an accurate, reliable, organized and fast bookkeeping service to all our valued customers. Your trust in our services is what keeps us going and we ensure that you get the exact service to suit your company.