Can I do my own bookkeeping or should I hire a bookkeeper? When does it make sense to hire a bookkeeper?

Whether to do your own bookkeeping or hire a bookkeeper depends on a variety of factors, including your time, expertise, and resources. Here are a few things to consider when deciding whether to hire a bookkeeper:

1. Time: If you are running a business, you have lots of other tasks and responsibilities on your plate. You didn’t start a business to track expenses and cash flow, you started it to focus on what you do best. Hiring a bookkeeper lets you spend more time working on your business instead of at your business, looking for more customers, and increasing revenue.

You probably be able to make time for bookkeeping tasks, but you often can get more out of every hour you put into your business if a bookkeeper handles these tasks for you.

2. Expertise: If you are not familiar with bookkeeping or accounting principles, it may be more efficient and accurate to hire a bookkeeper who has the knowledge and skills to handle these tasks properly. On the other hand, if you like spreadsheets and memorizing reporting requirements, maybe you should be a bookkkeeper too!

Yes, we’re a little odd.

3. Resources: If you have a large volume of financial transactions or a complex financial structure, it may be more efficient to hire a bookkeeper to handle these tasks. A bookkeeper can also help you set up systems and processes to manage your finances more effectively.

4. Growth: As your business grows, you may find that your bookkeeping needs become more complex. Hiring a bookkeeper can help you keep up with the increased workload and ensure that your finances are accurately managed.

It makes sense to start using a bookkeeper if you don’t have the time, expertise, or resources to manage your bookkeeping tasks, or if your business is growing and your bookkeeping needs are becoming more complex. A bookkeeper can help you manage your finances more efficiently and accurately, freeing up your time to focus on other aspects of your business.

Real Accounting Solutions LLC

Real Accounting Solutions, LLC is an Equal Opportunity Employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, or any other protected class.

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141 N Main St Suite M, Bel Air, MD 21014

(410) 989-3878

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