WHY SHOULD YOU HIRE A BOOKKEEPER?
1. You get insight into your business every month.
Every month, your bookkeeper prepares an income statement, balance sheet and statement of cash flows. These financial statements give you the essential info you need to run and grow your business.
2. You may pay less in taxes. Bookkeepers can make sure you are including all of business expenses.
Plus, the cost of hiring and working with a bookkeeper is also tax-deductible.
3. You could pay your accountant less.
Since accountants generally charge more for their time than bookkeepers do, it means you’ll end up paying more. If you have a bookkeeper do the job properly in the first place, you’ll save money in the long run. Even if you keep up with your books any mistakes will take time to fix.
4. You will save time.
When you spend less time on administrative tasks like bookkeeping, you’ll will be able to spend money time on money making activities or maybe even have some free time.
5. You might even increase your profits.
One survey shows that, on average, companies’ profits increase 16% after they hire bookkeepers. One reason for this is that bookkeepers have the experience to efficiently manage your bookwork, giving you more time to focus on other areas of your business (like increasing profit).