Can You Run A Small Business Without A Bookeeper?

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Can You Run A Small Business Without A Bookeeper?
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• Bookkeepers take on many varying responsibilities
  when theyre employed to work within small
  businesses - some bookkeepers even specialise in
  certain areas - but their main efforts centre
  around organising all the financial transactions
  involved with operating a small business. Listed
  below are just a few of them

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• Tracking and recording all daily financial
  transactions
• Managing accounts receivable (chasing late
  payments) and preparing and mailing invoices to
  clients
• Managing the accounts payable ledger, which
  includes making all payments on the behalf of the
  company to clients, and to cover expenses and
  petty cash
• Monitoring the balance of revenues and expenses
  to ensure that the business has a constant
  cashflow that can be used on a day to day basis

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• Getting the accounts up to date ready for the
  accountant, he/she can then come in and use their
  skills to make business recommendations or
  complete tax returns, to name but a few of their
  duties
• Software training for clients
• Implementing point of sale (POS) systems for
  recording daily retail transactions
• Developing and monitoring internal business
  processes

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• In general terms, its a bookkeeper who will
  complete all the tasks associated with the daily
  running of a small business so that an accountant
  can focus their energies on the more strategic
  side of the businesses financial operations.
  Without a bookkeeper, an accountant will struggle
  to fulfil their role successfully.

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• Can your small business manage without a
  bookkeeper?
• Many small business owners attempt to manage all
  aspects of running their business themselves, and
  because their company is small or in its initial
  stages, they believe this to be the cheapest and
  most efficient option. However, since keeping
  proper records can be time consuming, it is often
  considered wiser to hire the services of a
  professional bookkeeper, even if only for a few
  hours a week. Even if you are handling the duties
  of an accountant yourself, it will make your job
  much easier if you have a bookkeeper.

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• Wont a bookkeepers services be expensive?
• Bookkeeping rates will vary from state to state
  and depend on other factors, such as whether the
  work will be carried out at home, and how great
  the workload is. Rates can be as low as 15 an
  hour if hired on a part time basis, so depending
  on how frequently you require their services,
  hiring a bookkeeper may be extremely cost
  effective.

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• How do you know if you really need a bookkeeper?
• If youre attempting to manage all the
  bookkeeping duties yourself, then its safe to
  say that other areas of your business will
  quickly fall behind, as you simply will not have
  the time and resources to focus on every other
  aspect of your business.
• If you already have a part time bookkeeper but
  theyre struggling to keep on top of things, then
  it might even be time to bring in a full-time
  bookkeeper.

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• Investing in the services of a bookkeeper -
  whether it be on a part time or full time basis -
  will always prove a wise decision and could even
  end up saving you money. You could reap the
  rewards when it comes to tax time, and hiring a
  bookkeeper and an accountant, will almost
  certainly save you a lot of time and stress.

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• At Heyer Associates we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and "tax preparation service
  in Miami". If you are looking for an "accountant
  in Miami" Heyer Associates would be a right
  option.