As a small business owner, you likely have a lot on your plate. Managing your finances and bookkeeping can be a daunting task, especially if you’re not familiar with it. Perhaps you’ve been using Quickbooks for a while and are tired of it, or you’re ready to outsource your bookkeeping altogether. Whatever the reason may be, finding the right bookkeeping help for your small business is crucial. In this article, we’ll explore the different options available to you and the things to keep in mind when making your decision.
Working with Freelance Bookkeeper
If your finances are relatively simple and you don’t require a bookkeeper’s full-time services, hiring a freelance bookkeeper might be your best option. A freelance bookkeeper will collect and organize your paperwork, and if you have a paperless office, they can work with you online.
What is the price for a freelance bookkeeper?
Freelance bookkeepers are typically the most affordable option, as they have lower overhead costs than larger firms. They charge either hourly or a flat rate, depending on your needs.
Related: How Much Should Bookkeeping Cost?
How to hire a freelance bookkeeper?
You can do research online, or ask friends and competitors to refer bookkeepers that they trust and would be familiar with your niche. Be sure to ask if they have experience working with CPAs and if they’ve worked with businesses similar to yours.
What is the downside of hiring a freelance bookkeeper?
The downside to hiring a freelancer is that they may not be available every single business day, and they may not have a team in place to manage your books if they’re sick or on vacation.
Working with a Bookkeeping Firm
If you’re looking for consistency and reliability, working with a bookkeeping firm might be a better option for you.
How to hire a bookkeeping firm?
Consider asking for a referral from someone you trust, like a certified public accountant, business lawyer, or tax advisor. Similarly, you can reach out to other small-business owners to ask about bookkeeping services they recommend. More than likely, someone within your small business community will be able to point you in the right direction for getting the best bookkeeping assistance for your business.
What is the price for a bookkeeping firm?
Bookkeeping firms have higher overhead costs, which means they’re typically more expensive than freelance bookkeepers. However, they also have a team of bookkeepers who can manage your books and you’re paying for access to their experience and expertise, so you don’t have to worry about service gaps. They can also handle your tax filing in-house or refer you to a local accountant. When choosing a bookkeeping firm, be sure to ask about their quality guarantee and their experience working with businesses similar to yours.
Working with a Remote Bookkeeping Firm
Firms like K9 Bookkeeping mix the best of both of the other two options: incredible and expert service for the low prices of a freelancer. A firm like K9 can collect and organize your books, handle tax prep and old books, and so much more, while offering a personal account manager and 24/7 service.
What is the price for a remote bookkeeping firm?
Freelance bookkeepers typically charge by the month, depending on your needs. K9 Bookkeeping has packages starting at just $109 a month, and adjusts by the number of accounts and transactions.
Related: Why Should You Use K9 Bookkeeping?
How to hire a remote bookkeeping firm?
You can do research online, or ask friends and competitors to refer bookkeepers that they trust and would be familiar with your niche. There are groups on social media platforms like Facebook that may be worth consulting, and client reviews can be found on Google and a business’s website.
In conclusion, finding the right bookkeeping help for your small business is important. Whether you choose a freelance bookkeeper, a bookkeeping firm, or a remote bookkeeping solution, be sure to consider your budget, their process, their availability, and their experience. Ask for references and reviews from other customers like you. Ultimately, the right bookkeeper will save you time, money, and headaches in the long run.
We’re happy you found this article informative! Go back to our blog page to find more tips, tricks and guidance on bookkeeping, to ensure your business is financially sound and ready to grow to the next level.
Running a business is hard work, bookkeeping shouldn’t be.
Let our team of professional bookkeepers take care of your books and receive accurate, detailed reports every month. Our team of experts is laser-focused on the latest trends and premier customer satisfaction, so you can always be sure you’re getting the best care and service. Your personal account manager will focus on handling your books, leaving you to focus on growing your business and leading it forward.
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