Tuesday, April 6, 2010

Choosing a Bookkeeper for your Business

Choosing a Bookkeeper for you Business
An important decision every business owner faces in setting up their business is how to ensure their books and records are maintained in accordance with accounting principles.
There is a prevalent notion among business owner’s that the bookkeeper’s role is to that of a data entry person. Some business owners may hire a relative for this job or delegate it to a secretary without careful deliberation of their qualifications. Poor kept books and records lead to costly administrative down time and loss of revenue.
When it comes to the preparation of the monthly bank reconciliations and monthly financial reports, you need a good bookkeeper with above-average analytical skills, as they are often required to identify and rectify discrepancies in the course of their duties.

“Remember that time is money”
-Benjamin Franklin

Choosing a bookkeeper for you business
Bookkeeping is an important decision every business owner faces in setting up their business. How to ensure their books and records are maintained in accordance with accounting principles is very important to their success. Most business owners don’t realize how important bookkeeping is to their bottom line.
There is a prevalent notion among business owner’s that the bookkeeper’s role is to that of a data entry person. Some business owners may hire a relative for this job or delegate it to a secretary without careful deliberation of their qualifications. Poor kept books and records lead to costly administrative down time and loss of revenue. A knowledgeable bookkeeper will help save you lots of money in the long run.
When it comes to the preparation of the monthly bank reconciliations and monthly financial reports, you need a good bookkeeper with above-average analytical skills, as they are often required to identify and rectify discrepancies in the course of their duties. A good bookkeeper will update your accounting from the data you provide and produce monthly financial statements. It is highly recommended this task be handled by a professional bookkeeper, but it is beneficial for a small business owner to have some basic knowledge. Bookkeeping is definitely more than just data entry and balancing a checking account.
Now that you are armed with this knowledge, go out and hire a good bookkeeper.

“Remember that time is money”
-Benjamin Franklin

About the Author
Do you every wish there was an easier way to manager your books!
Kathy Eisenhauer owns Small Business Bookkeeping Service. I have the experience to get your Accounting and Bookkeeping organized as well as special projects. I have used different accounting software, but specializing in QuickBooks accounting software from setup through year end. I can provide all accounting services that your office does not have the time or knowledge to accomplish. Free up your time to do what you do best, make money without having to worry about your office accounting and bookkeeping. Contact me today.