4 Reasons Why Your Small Business Needs A Bookkeeper!

As a small business owner, you have a lot on your plate already. It can be a lot between having to fulfill orders, whether physical or digital and managing the books and daily finances of your business. That’s why it can be scary to think about hiring a bookkeeper for your business; after all, it’s just one more task on your to-do list, right?

There are many reasons why every small business owner should know a little bit about bookkeeping within your small business. However, as a small business owner, you should put your time into your core business needs.

Hiring a professional bookkeeper can help you take some of those strenuous financial tasks off your plate and leave you knowing you’re in good hands.

What do bookkeepers do?

A bookkeeper manages, records, and keeps track of your small business’s financial transactions. A bookkeeper can do everything from recording your transactions to helping you organize your financial statements meaningfully.

A bookkeeper’s primary duty is to help you maintain an accurate financial record so you can keep track of your business finances and assess your financial strength as a business.

As bookkeepers, it’s our job to be the expert in your day-to-day business matters, just like a tax accountant is there for your tax and year-end matters. Bookkeepers are experts in day-to-day operations and want to help their small business clients maintain accurate and organized financial records.

Why do you need a bookkeeper as a small business owner?

You are an expert in your small business. If you are a copywriter, your expertise might be writing. An artist would be an expert in painting and creating art. A bookkeeper is an expert in keeping your books and finances.

As professional bookkeepers, we use our education, experience, and professional training to assist small business owners in operating and managing their small businesses. Ensure your bookkeeper has additional certifications, such as a CPA (Certified Public Accountant) license or QuickBooks ProAdvisor certification, to take advantage of their skills and expertise.

A bookkeeper can help you focus on your strengths

We all have something we’re just not good at. If we were all natural cooks, expert painters, and talented organizers, we wouldn’t use cookbooks, take art classes, or research how to organize a junk drawer.

As a bookkeeper, we understand that not everyone has the time or the desire to manage the finances of their business. Hiring a bookkeeper can help you take a large task off your plate and help you focus on the needs that your business needs YOU for.

Bookkeeping takes up A LOT of time

There is a reason why most people don’t enjoy “working on the books” for their business. Most people don’t enjoy doing bookkeeping for their business because it can be quite time-consuming.

A professional bookkeeper can help ease the burden of daily and monthly tasks within your small business and keep your books current. As professional bookkeepers with years of experience, we have become experts in day-to-day business matters and can help small business owners maintain accurate records of their finances.

Two heads are better than one

Regarding the finances of your business, two heads are better than one! We are all guilty of making a mistake and missing something small. Those small mistakes could lead to major problems within your small business, whether it’s what a receipt says or its date.

Hiring a professional bookkeeper will help you get another set of eyes on your finances. Many times we have been able to help resolve issues that would normally confuse or frustrate anyone else in another line of work.

You will be more prepared at tax time

When preparing your business for tax season, having everything organized and prepared can be a huge relief and weight off your shoulders. Professional bookkeepers are experts at preparing accurate records of your finances and organizing them, so they’re ready to go during tax time. 

Professional bookkeepers set up systems and properly record and store your transactions They will categorize them by type of expense and ensure everything you need is ready to go during tax time. Whether it’s just needing to know how much you made that month or what that receipt from last April was, a quality bookkeeper can help you find it with ease.

Bottom Line

There are so many reasons why a small business owner should hire a bookkeeper. However, the reality is that you may not even realize that you, as a small business owner, need one. Remember that even though your business might be small now, that doesn’t mean that you don’t deserve the special care and help that hiring a bookkeeper can give you. Whether it’s an end to late nights mulling over receipts, a bookkeeper can help end those frustrations so you can focus on your core business needs.

If you’re still not sure if a bookkeeper is right for you, reach out for a consultation and learn how hiring a professional bookkeeper could change your small business.