If you’re worried about not having someone you can count on everyday, and don’t mind paying a bit more, a bookkeeping firm is a smart choice. That’s why it’s important to find a bookkeeper who knows what they’re doing. However, expertise is not only measured by years of operation, or by third-party certifications. The time a bookkeeper puts into your business is determined by how many transactions you process per month, whether you have employees, and how complex your industry is. A freelance bookkeeper is the most affordable option if your finances are simple, and you’re okay with your bookkeeper not being available for you every single business day. Following specific steps when you’re hiring one of these professionals helps to make sure you’re compliant and your numbers are accurate.

You can use either the virtual option or a professional service to get timely insights and quick responses to urgent matters. Video calls and face-to-face interviews will give you an idea of the candidate’s interpersonal skills. Checking their past work experiences will tell you how good they are at problem-solving. During this process, it is essential to understand how to onboard new employees effectively.

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You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided. It’s often the case that your bookkeeper will be the constant accounting contact for your business. They’ll be best placed to answer questions about where the money is coming from, and where it’s going.

Seeking references from previous clients or employers is a standard yet crucial step. For small businesses looking to hire a bookkeeper or an online bookkeeper, understanding these simple but crucial tasks can help in finding the right person for the job. A bookkeeper’s role is like the financial backbone of a business, making sure everything adds up correctly. Ultimately, an accountant with experience in your industry is most qualified to give you comprehensive guidance regarding tax write-offs.

When To Hire a Bookkeeper for Your Growing Business + Best Options

Whether you go with a freelancer or a service like Bench, choosing what’s right with you starts with your bookkeeping needs. The virtual network of other bookkeepers is also a great resource. You can work with other bookkeepers and tax experts to share and hire a bookkeeper expand your knowledge. There are many opportunities to work in a salaried position from home to gain on-the-job training. The Intuit Tax and Bookkeeping Talent Community is a great place to find remote bookkeeping jobs and access training material.

This lets them avoid the kinds of service gaps that may crop up with an individual freelancer. There are some differences between using a virtual bookkeeper and a service. Following are some of the responsibilities and tasks a bookkeeper takes on. Understanding the bookkeeper job description can https://www.bookstime.com/ help businesses ensure they are hiring the right candidate for the role. According to the Small Business Administration (SBA), small businesses with accurate financial records are 50% more likely to stay solvent. And, out of all virtual bookkeeping services, Bench is the highest rated by users.

Decide on Bookkeeper Pay Rates

And they usually have more robust features like a dedicated app. Their levels of experience and education vary widely—bookkeepers aren’t legally required to have specific credentials. But virtual bookkeeping (also known as remote bookkeeping) comes with drawbacks as well as benefits. Let’s look at how virtual bookkeeping works, then figure out whether it’s a good fit for your business.

A trial period allows you to assess a bookkeeper’s performance in real-time. Skipping this step may mean committing to a long-term arrangement without a clear understanding of their capabilities. The cultural fit between a bookkeeper and your business is essential. Ignoring this aspect can lead to a disconnect in work styles, values, and overall collaboration.