How to find a bookkeeper to help your business in 2020

Key quotes:

• "A smaller business can likely make do with bookkeeping services or software to start, but any business that wants to derive deep insight from their numbers should seriously consider investing in accounting services."
• "Without a proper record of financial transactions, accountants can not perform the analysis that allows businesses to make smarter decisions."
• "A Certified Public Accountant (CPA) specializes in preparing financial statements, interpreting financial data compiled by the bookkeeper(s), communicating finances to stakeholders, and assisting in making critical business decisions."
• "Responsibilities of an accountant include: All rapidly-growing companies should employ the services of an accountant to ensure they’re making smarter decisions."
• "Many small businesses look to Pilot or Bench to take care of their bookkeeping and finance needs, and that’s great early on when your finances are simple."
• "Though onboarding an accountant obviously comes at a cost, all too often businesses that wait too long end up losing time and money having to perform their own finances and lacking the analytical capacity of an accountant."

Key quotes:

• "While books, balance sheets, accounts payable and more are the lifeblood of your business, you may dread the day when you have to start thinking about these things."
• "Often sellers don’t consider them until the time comes to pay taxes and certainly don’t hire an Amazon Accountant when they start selling."
• "Perhaps you’ve considered hiring an accountant or a bookkeeper for your business before."
• "However, now the time has come where you need to consistently have someone there in charge of the books of your business."
• "That includes things like recording sales, documenting expenses, processing payments, handling payroll, and keeping the books balanced at the end of the month."
• "Keep in mind Amazon bookkeeper keeps track of income and expenses, process invoices, administer payroll, and reconcile bank statements."

Key quotes:

• "This includes making entries of financial transactions like accounts payables and receivables, payroll amounts, and petty expenditures."
• "It also extends to gathering data from different sources like business bank accounts and developing basic financial reports such as income statements, balance sheets, cash flow statements, and the like."
• "Furthermore, bookkeeping includes reconciling actual bank account balances with amounts in the general ledger and financial reports like balance sheets and income statements."
• "While bookkeepers record and maintain financial records by entering and monitoring day-to-day transactions, accountants use the financial information compiled by bookkeepers to create advanced financial reports that help business owners make strategic decisions."
• "An average day for a bookkeeper includes a bit of everything: documenting and updating daily financial transactions, depositing checks, making payments, generating financial reports, reconciling accounts, and recording and planning for expenditures, just to name a few."
• "They’re responsible for maintaining a record of all financial transactions and collecting financial data from various sources like PayPal, payroll, and any apps or software."

Key quotes:

• "By taking on this opportunity, you can make a good sum of money by providing high-quality bookkeeping services to a number of businesses."
• "There are a number of companies which will help you create mobile apps with a simple drag and drop methodology, without any development experience as such."
• "This has resulted in companies hiring specialists who can help them establish their brand in the digital market through effective use of social media, which makes this a very in-demand business idea to pursue."
• "Not only businesses such as retailers, lawyers or accountants but even politicians these days are on the lookout for good social media consultants to improve their presence online."
• "As 2019 approaches to an end, social media consulting has increasingly improved its popularity among the young self-employed individuals and it is expected that by 2020, social media consultancy will definitely be one of the hottest business options to pursue."

Key quotes:

• "With dozens of other responsibilities that come with running a business, you might not know what good bookkeeping actually looks like, let alone the warning signs that your bookkeeper is bad at their job."
• "A bad bookkeeper will want to keep you out of the know, and they’ll likely become defensive or overly protective when you ask to see the books."
• "“Well whoever did your books before me didn’t know what they were doing.”“I thought that was intentional, so I just left it.”“No one told me to run the P&L statement every month.” These are all signs that you have a bad bookkeeper because it shows a clear lack of independent thinking, and that might mean they’re not reviewing your books as thoroughly as you need."
• "If your bookkeeper never asks questions, then they probably don’t care about your books or your business."
• "Similarly, if you don’t know what your bookkeeper is up to because you don’t hear from them often enough or they’re guilty of any combination of warning signs on this list, you need to act right away."
• "Save time, save money, and feel good about your business books with Botkeeper!."