What is a Bookkeeper and Why Do You Need One?

Essentially, a bookkeeper is someone who tracks and manages the financial activity of a company. This includes tasks like categorizing transactions, paying bills, and sending invoices. Your business needs someone to manage this activity to meet legal requirements and for tax purposes. But having a good bookkeeper can provide so much more than that.

Having someone whose only job is to manage the company's books means that the books are clean and accurate. Accurate books provide complete data to make the best business decisions possible. For example, you will have a clear picture of where the money is coming from and where it is going. Then, you will know what areas to feed and which areas might need to be changed.

Accurate books also give your tax preparer all the information they need. They will not have to find it or organize it. This means they have more time to look for credits and deductions to lower your tax obligation. They also have time to work with you to create a business plan for the following year.

But this job can be time-consuming. When you do your own books, you spend hours away from your passion and why you started your company. Hiring a bookkeeper can save you an average of 10 hours a month. This is 10 hours you can now spend on your work passion or with family and friends.

Are you interested in having accurate data to make the best decisions and spending more time on what you love? Contact me for a free consultation.