Hiring a Book Keeping Service

Hiring a Book Keeping Service




Whether you choose to do your own books and accounting or hire those sets out there are a few things you should know first.

A good book keeping service will typically charge you around $200 -500 per month while you are nevertheless slightly small and you can receive: Profit and Loss Statements; Balance Sheets; Bill Paying sets; Checking Account Reconciliation; Journal Reconciliation; Tax Information Preparation; Tax Return Filing;

Etc.

If you are inclined to do your own books, that’s OK too. Simply use the accounting software such as Quick Books or Microsoft Money. These are obtainable at any Home Depot kind office supply house and often may already come as part of the software on your new computer.

You must take this task seriously. If you find yourself slipping behind in your accounting duties it may be time to switch to a bookkeeper. Don’t look in the phone book for a bookkeeper. Ask a friend for a referral. Look for an older woman named ‘Margaret’, ‘Rose’, ‘Loraine’, ‘Edith’, etc.

As your business grows you will need to know where you are at in your true financial health. Just because you have $30,000 in accounts receivables does not average you can take home a large paycheck next week, it does not already guarantee you can make payroll this week.




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