When you’re starting a new business, you have so many things to focus on that it can be hard to keep track of your finances. Fortunately, a bookkeeper can do the heavy lifting for you.
A bookkeeper will maintain your financial records and keep track of the money flowing in and out of your business. They will prepare financial statements for you on a regular basis, including income statements and balance sheets, which is essential for getting a clear picture of how your business is doing. A bookkeeper will also prepare invoices and send them to your customers.
A good bookkeeper will be able to save you time and effort, freeing up resources that can be used in other areas of your business. You won’t have to spend time doing menial tasks or trying to learn complicated accounting software—a skilled professional can do all that for you. And having accurate financial information at hand will help you make informed decisions about how best to grow your business going forward.
But how do you choose one? Here are some tips to help you find the best bookkeeping service for your business.
Choose a bookkeeper with experience working with small businesses like yours. You want someone who understands what you’re trying to do and has experience helping other businesses achieve their goals.
Look for a bookkeeper who’s certified. There are several certifications out there, but the gold standard is Certified Public Bookkeeper (CPB) from the National Association of Certified Public Bookkeepers (NACPB). The CPB certification requires at least two years’ experience as a full-charge bookkeeper and passing four tests covering accounting principles, payroll and tax procedures, computerized accounting systems and software applications, and taxation.
A good way to find a reliable bookkeeper is to ask other small business owners who they recommend. Bookkeepers often work with multiple clients, so this can be a good way to get an honest review of their service.
If you don’t have any connections, search online and ask for quotes from several local bookkeeping services. Then call the Better Business Bureau to see if there are any complaints on file against the companies you’re considering.
Your bookkeeper should have some knowledge of the specific rules that your industry is subject to. The IRS has a list of accounting experts who specialize in different areas.
A professional bookkeeper can also help improve your business performance by providing you with better information about where your money is going and how you’re performing financially. If you’re running a profitable operation, a good bookkeeper will know how to help you keep more of the money in your pocket instead of sending it to the tax office. If you are looking for one, visit us at https://www.quantumbookkeeping.co.uk/.