2016-12-30 00:00:00 Bookkeeping English Find out why growing businesses should consider hiring a bookkeeper and what services bookkeepers perform. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Organized-Bookkeeper-Sorting-Through-Records.jpg Why a Bookkeeper is Critical to Your Success

Why a Bookkeeper is Critical to Your Success

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When starting a business, many business owners attempt to do the bookkeeping on their own because it is fairly simple in the beginning. They also like to do it because it gives them a handle on their finances. However, as the business grows and other marketing, sales, and operational needs place greater demands on the time of business owners, it is typically the accounting function that suffers. In a growing business, if too much time is allowed to pass between keeping the books, cash flow problems can be imminent.

Most virtual bookkeepers come fully qualified and prepared to handle the record-keeping and accounting functions on a part-time basis. At a minimum, they can help the business with the following services:

  • Daily monitoring of cash flow
  • Preparation of financial statements
  • Year-end tax preparation
  • Budgeting
  • Establishing or recommending accounting procedures
  • Managing accounts payables and receivables

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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