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Hiring A Bookkeeper Can Benefit You Throughout The Year, Not Just At Tax Time

hire a bookkeeper

If you’d prefer to take some of the stress out of the hiring process, consider partnering with Bench. They ensure their team is fully trained and has the skills necessary to be your in-house virtual bookkeeper. The amount you choose will vary based on your company’s location, the experience you’re requiring, whether they’re contractors or employees, and the industry in which your company operates. Accountants are often asked to interpret complex data and analyses, with duties such as producing profit-and-loss statements and filing taxes. Financial accountants calculate assets and liabilities and show outside investors how a firm is doing.

hire a bookkeeper

Those who have more experience or possess specialized skills may also command higher hourly rates. Check out the average hourly rate for accounting services in your area. You should also feel comfortable about how your data is handled and managed. hire a bookkeeper Davis, mindful of bank alerts that might be sent to clients, has a rule that her team will not log into client accounts after 7 p.m. Most business owners feel passionately about their business, but can’t always identify what’s holding them back.

In-house Help With Back Office Duties

A bookkeeper can also consult with an accountant on your behalf to ensure you’re not missing any tax deadlines. That’s especially helpful if you’re responsible for quarterly taxes. It might also include managing employee benefits, insurance, and tax withholding. The amount bookkeepers charge will depend on where they’re located, experience, industry type, and other services needed. Accountants also go through formal training to obtain a degree or certification, whereas bookkeepers do not.

Don’t hesitate to reach out to us at FreeUp to help you find a freelance Bookkeeper for your business. We can’t wait to answer your questions about hiring, whether over the phone, through a virtual call, or via email. Some business owners also worry about how they might be perceived.

How much does it cost to hire an accountant?

Cost accountants analyze financial processes within an organization and makes recommendations for improved cost control management. Bookkeepers are expected to do the day-to-day recording of receipts, invoices and other transactions. Hiring an accountant will provide business insights based on bookkeeping information. As you shop around, try to find out whether the remote service you’re considering is able to work with accountants.

At Bench, we give you a team of professional bookkeepers who do your bookkeeping for you. They automatically import all your business transactions, categorize them for you, and produce monthly and year-end financial reports. You’ll likely need off-the-shelf accounting software in order to check your books and help your virtual bookkeeper categorize any transactions they’re unsure of. Be prepared to communicate mainly through email or messaging apps like Slack. For instance, they must understand how to produce balance sheets and income statements, as well as record organizational debits and credits. To learn these skills and others, new bookkeepers often receive around six months of on-the-job training to learn how to use bookkeeping software, databases, and spreadsheets.