Bookkeeping: Your belief and the actual truth

Introduction

With a snappy search on google on “What Should be my expectation from my bookkeeper?” Part of the few suggestions in the search outcome are:

• Paying attention to details
• Keeping accurate books,
• Thinking critically, a working knowledge of financial reporting, organization, financial entries, reconciliations, and excellent communication skills.

All of these features are judged to be possessed by a bookkeeper. In the list of the responsibilities of a bookkeeper, we note that one reason to hire a bookkeeper is to help eradicate the pressure of bearing the burden of all the routine daily tasks important for your business.

Your expectations could be changed when reality finally makes you discover what the bookkeeper can do for you and your enterprise.

Here is an outline of the possible need of a bookkeeper.

• A weekly bill Payment
• Possible monthly bank account Reconciliations
• Corrections on Journal Entries
• Create weekly and monthly reports
• Making Credit Card Reconciliation
• Updating yearly Budget in Accounting Softwares
• Keeping Vendor Listing

One of the few wrong beliefs about bookkeeping is that it costs a fortune and that is not the truth.

In this bookkeeping post on the Belaysolutions website, it is made clear that on the average, bookkeeping services that are outsourced anywhere in the world costs between $500 to $2,500 monthly for small and medium sized enterprises depending on the hours needed each of the months.

Working with a bookkeeper in the long run enables you to find time to collaborate on the ways to save up. This means hiring a bookkeeper allows you to save more while getting value for your enterprise.

You cannot afford to keep playing games with your finances. Hiring a bookkeeper helps you take out questions and issues that could arise while running your business.

With you bringing a bookkeeper on board, focusing on the important projects only you can do would be necessitated which includes building client and partners relationships, better organize your time or work to be more successful.

Summary

In summary, your hired bookkeeper would take care of giving accurate and objective financial reporting and advice. He or she assists you to take care of the essentials of your business while you focus on ways to grow it.

If you prefer to solve everything yourself, here are some bookkeeping software you can use, suggested by Tim Yoder.