Get Your Business to the Top by Hiring a Bookkeeper or Accountant

Posted by buylan on April 2nd, 2015

Most business owners have an approach that goes like this: do everything yourself and never pay for something that you yourself can do. With such an attitude, it is simply difficult to justify hiring professional assistance such as an accountant or even just a bookkeeper.

They just buy user-friendly Scottsdale Quickbooks and set out to personally do the accounting and bookkeeping services that their companies need. However, since they’re not really professionally trained to do this job, they keep wondering if they are really doing it right.

Oftentimes, those who hire professional help find out that they weren’t doing it right at all, even if they originally thought they were.

You Need Professional Help

If you are a business owner with no knowledge about accounting and bookkeeping, you really need professional help. Perhaps you think that since an accountant is also a bookkeeper, you can economize by just hiring an accountant.

But you may not realize that this situation is similar to hiring an architect and a carpenter. You need both to build your house. Thus, you need an accountant to help you see and organize the big financial picture, and a bookkeeper such as a Mesa bookkeeping services which can concentrate on the small elements that comprise the big picture.

When to Hire a Bookkeeper

A bookkeeper can help you track down all your expenses especially during the early stages of your business. Most experienced business owners hire a bookkeeper for the first six to nine months of their business startups.

At this stage, your mind will be focused on getting your business from the ground up, and you will not be able to keep timely records of all your expenses. When things begin to stabilize, then you can focus on where your money is coming and going.

You can hire a bookkeeper such as Gilbert Bookkeeping or other bookkeepers for a few hours a week just after you have started your business.

When to Hire an Accountant

With many accounting firms offering their services to business owners, small entrepreneurs choose to outsource their accounting needs. However, if your business grows to a $1 million level or if your employees have increased to about 30, you will need the exclusive services of an accounting staff.

It’s alright to outsource your accounting services while your business is still small. But as soon as your business increases its reach in terms of profit and areas of influence, you need to hire a full-time accountant, or even a complete accounting staff.

In this way, you can have an accountant at your beck and call. This is very important since your business mission is to make money, first and foremost, and your accountant will help you determine if you are successful in doing that.