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How to Hire the Right Bookkeeper for Your Small Business

hiring a bookkeeper

After learning about what they do and figuring out the right questions to ask, you can tell when it’s time to bring one on board. Knowing the skills, a virtual bookkeeper should have and following the steps for hiring simplifies the process. But hey, watch out for common mistakes in the hiring game – we covered that too. And if you’ve still got questions, check out the FAQs for more info. Bookkeepers typically charge $30-50/hour with a monthly minimum retainer that varies by provider. Being attentive to your business as it’s growing is crucial when it comes to reaching your goals.

hiring a bookkeeper

A good bookkeeper keeps your books clean and makes it easy for you to review and query the entries. Do your due diligence and ask for reference checks from accountants who have worked with your bookkeeping candidates. Robert Half recruiters look for bookkeeping candidates who are self-starters with solid communication, organizational and customer service skills. Technology expertise typically includes experience and proficiency with applications such as Microsoft Excel or QuickBooks. I used the example above to explain where people can make flawed assumptions. This scenario shows that financially, it’s cheaper to outsource.

Business and industry experience

While accounting software is helpful, it’s important to note that its effectiveness depends on the person using it. Setting up an accounting system or adjusting it to fit the business’s changing needs requires a deep understanding of financial details. A professional bookkeeper not only knows how to use the software but also understands the specific financial aspects of a business.

  • Therefore, hiring a bookkeeper can help you save time, save money, and allow you to focus on your business growth.
  • Below are some recommendations to help you hire the right bookkeeper for your business needs.
  • At the core of any thriving business is a bookkeeper—a financial custodian who juggles a myriad of responsibilities.
  • Other options may include having a someone from the firm come by your business to pick up paperwork, or dropping off paperwork at the firm’s office yourself.
  • Assuming your rules don’t prevent it, there are situations when using a contractor always makes more sense.

Bookkeeping and accounting are closely related yet distinct financial functions within a business. Only partner with someone who can prove they have relevant degrees, certifications, and accomplishments. If you work with Quickbooks you will want to work with a QuickBooks Certified ProAdvisor, ideally one who is Top 10 in at least one region. We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month. A fresh set of eyes means they can probably spot areas of fat that need trimming. They can spot holes in your processes that are just leaking money out and help you come up with better strategies and processes to keep overheads down.

Compliance with Tax and Legal Requirements

There are many bookkeeping businesses, so you’ll have plenty of choice. You could contact one directly, or you could ask if your business partners or clients have any recommendations. In this guide we’ll look at what a bookkeeper can do for you, and when you might hire one for your business. Use one of our recommended background check companies to make the process easier.

Virtual bookkeepers interact with clients through written and verbal channels. Clear communication is necessary to address client queries, provide updates on financial matters, hiring a bookkeeper and maintain a collaborative relationship. Recognizing these signs empowers you to make informed decisions about when to hire a bookkeeper for your small business.

Do you need a degree to be a bookkeeper?

Answer these questions in advance to get applicants excited about joining your company. While bookkeepers have no licensing requirements like a CPA, voluntary organizations can certify applicants. You want a bookkeeper who is up-to- date on relevant laws and maintains a certain skill level.

Bookkeeping takes different forms in different industries, and an expert in one industry may be unqualified to work in a different industry. Explore what kind of industry-specific expertise they have, plus whether they have worked with companies that have the same size, structure, or accounting agenda as your own. But it’s important to acknowledge that not all bookkeepers are created equal. Some commit to exacting standards for quality and consistency, and some, quite frankly, do not. The challenge is identifying which bookkeepers you can trust with your finances before you actually formalize your relationship.

Services offered

Conduct thorough interviews to assess their experience and compatibility with your company. Consider candidates with certifications like CPA or relevant degrees. By following these steps, businesses can navigate the process of hiring a bookkeeper with confidence and purpose. Before diving into the hiring process, take the time to assess and define your business’s bookkeeping needs. Understand the volume and complexity of financial transactions and identify any specific skills or software expertise required. A virtual bookkeeper plays a crucial role in the modern landscape of remote business operations.

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