Are you a small business owner overwhelmed by trying to keep track of your finances on top of running a company? A bookkeeper might be for you. Hiring a bookkeeper will help you focus on what you love, your company, rather than your finances. You might wonder what a bookkeeper does exactly. Here are three things to inform you of what a bookkeeper does and if it is a good fit for you and your company.
Manage Accounts and Maintain Accurate Records
When you hire a bookkeeper they will keep track of your business’ accounts and transactions. This will allow them to keep an eye on your cash flow because they will track every sale or purchase. Your bookkeeper will also make sure that your records are up to date. They will give you accurate information on where your finances are and give you reports at the end of your month. Most small business owners do not have time to keep track of every little detail about their finances. But when you hire a bookkeeper they make sure every purchase and sale is accounted for so that you know how you can spend and save your money better.
Prepare You for Taxes
Taxes are a very stressful thing. There are so many things you need to do in order to stay compliant. Having a bookkeeper allows you to be sure that you do not miss any deadlines. Bookkeepers make sure you have accurate records to help you prepare for your business taxes. A bookkeeper will also help you know how much you might owe in taxes and where you can save money.
Invoice and Prepare Financial Statements
Invoicing clients and making sure you get paid on time is a huge responsibility. It is hard to keep track of what clients you have invoiced and which ones have not paid yet. When you hire a bookkeeper you will not need to worry about this anymore. Your bookkeeper will be sure to send invoices to all of your clients and make sure you get paid on time. Bookkeepers will also help prepare your financial statements. They will make different reports so that you are aware of exactly where your money is going.
If these things sound helpful it might be time for you to hire a bookkeeper. Harvest Tax & Accounting is here to help. We are a team of people ready to help you and your company succeed. Contact us today to get all of your financial needs taken care of this year.