I’m already paying for the services of an accountant. Why do I need a bookkeeper?
Your accountant looks at the big picture. The services and advice of a knowledgeable accountant will help you navigate the complexities of tax laws and codes as well as provide information for forecasts, business trends and opportunities for growth. As a business owner you may be collecting receipts in a box or perhaps you are more savvy and are using excel or an accounting software to track your finances.
A bookkeeper will assist you with up-to-date financial information that you can use to fine tune your operation.
Accurate up-to-date financial reports play a key role in growing your business and determining how profitable you are. When expenses are coded correctly you can spot exactly where you are losing money allowing you to adjust the appropriate item to make it more cost effective or to discontinue a service because it is unprofitable. Without reports that accurately code expenses you are left to trial and error and that, more often than not, leads to costly mistakes that negatively affect your bottom line.
A knowledgeable bookkeeper properly coding and tracking your financial transactions in an accounting software program such as Quickbooks will free you up to focus on what you do best while provide you with confidence to make appropriate business decisions.