Don’t hire a bookkeeper until you read this!

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Dont hire a bookkeeper until you read this!
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• Hiring a bookkeeper can be the most important
  decision you will make in your business. Ask
  yourself the following 2 questions and it will
  help you in making a more informed decision.
• Can your small business afford an individual
  bookkeeper?
• If youre thinking about hiring an individual
  bookkeeper, there are a few things to keep in
  mind first. Unless your business is very small
  and you can easily handle all the bookkeeping
  yourself, its probably not a good idea. Here are
  four reasons why

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1. If you are paying someone to attend your office,
   you are inherently paying them for their travel
   time and breaks as they spend time in your
   office.
2. Unless you are proficient in various accounting
   and financial software programs, youll be
   placing a huge amount of trust in this
   individuals abilities.
3. An individual bookkeeper is unlikely to be
   familiar with your industry and the specific
   needs of your business.
4. Hiring an individual bookkeeper means that when
   they get sick or their personal situation
   changes, you can be left on your own with no
   notice.

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• What are alternatives to hiring an in-house
  bookkeeper?
• There are several alternatives to hiring an
  individual bookkeeper, including doing your own
  bookkeeping, using an online bookkeeping service,
  or working with a professional bookkeeper. Each
  option has its own advantages and disadvantages.
  Here are four options to consider

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• 1) Do Your Own Bookkeeping This is the cheapest
  option and can be done on your own computer.
  However, it can be complicated and
  time-consuming, and you may not have enough
  expertise to manage your finances effectively. As
  a business owner, there are probably 100 more
  important things you could be doing than chasing
  down receipts or learning how to do a bank
  recnciliation.

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• 2) Work With a Professional Bookkeeper This is
  the most professional option, there are dedicated
  expert bookkeeping providers and it will provide
  you with more comprehensive financial management
  services than either do-it-yourself or online
  bookkeeping services. You may also find that a
  professional bookkeeper is more knowledgeable
  about compliance issues.

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• If youre looking for reliable bookkeeping
  services that will save you money, then you
  should consider customized services. With
  customization, your accountant can take all the
  information you provide and create a realistic
  budget that considers your specific financial
  needs and goals. This way, you know exactly how
  much money youre spending each month and where
  to adjust so that you can save even more.
• If this sounds like something you would benefit
  from, call us today to schedule a chat!