In Pursuit of Profit - Blog

DO I NEED A BOOKKEEPER ONSITE OR IN THE CLOUD?

3/18/2020

Hiring a bookkeeper who will work online requires a similar set of questions as it does for hiring a bookkeeper who will work onsite.

Whether an onsite bookkeeper is a better alternative depends on your company structure, the routine and complexity of responsibilities, whether the work requires ‘team’, the need for instant communication, amount of office space available and your comfort level for working with someone offsite.

How to hire a bookkeeper in the cloud

3/11/2020

how to hire a bookkeeper in the cloud

Bookkeepers usually manage the smaller, day-to-day financial tasks such as accounts receivable, accounts payable, payroll, and reconciliations.

Unlike in-house hires who go through a process of face to face interviews, reference checks, and corporate screening, the hiring process for professional bookkeeper services or contractors online is quite different.

The process of hiring an employee can be expensive and time consuming which makes hiring a professional bookkeeper service with a team who can ‘hit the ground running’ very attractive.

We want to share with you a few pros and cons, questions to consider and ideas about hiring a bookkeeper offsite who will work "in the cloud."

Do I Need a Bookkeeper if I Have QuickBooks?

3/1/2020

Do I Need a Bookkeeper if I Have QuickBooks

QuickBooks is an excellent bookkeeping platform for small businesses. However, it is just that – a tool to keep track of finances. The benefit that a business derives from QuickBooks is contingent upon what is put in and how much expertise is available to use the tool correctly. QuickBooks will not manage a business’s finances any more than a hammer will build a house without a carpenter there to swinging it.

Which Bookkeeping Tasks do Companies Outsource?

2/9/2020

Which Bookkeeping Tasks do Companies Outsource?

Business owners frequently wrestle with determining which activities should be outsourced to a freelance bookkeeper or accounting company. Budgetary restrictions can limit a company’s ability to outsource financial tasks, as can concerns over delegating duties. In these instances, it often makes sense to offload tasks that will have the greatest ROI first, and then include others later as means allow.

Transitioning from a Bookkeeper to an Accountant

11/23/2019

Transitioning from a Bookkeeper to an Accountant

Migrating from a bookkeeper to an accountant is a major change that many business owners feel unprepared to initiate. They often ask:

When is using an accountant absolutely essential for a business?
Should a bookkeeper’s responsibilities be handed off to an accountant, or do they work best in tandem?
Does an accountant need to be hired in-house or can accounting functions be outsourced?
What do the mechanics of a successful transition plan look like and how long should it take to complete?

Should Your Accountant Be Responsible for Bookkeeping?

11/18/2019

Should Your Accountant Be Responsible for Bookkeeping?

Business owners looking to control expenses will often combine roles under a single job title to reduce headcount demands.

This is especially prevalent when it comes to financial positions.

Too often bookkeepers are asked to own financial tasks that they are not prepared to take on (like forecasting and tax preparation), while accountants are assigned busy work that they are overqualified for (like entering receipts and issuing checks).

Do I Need a Bookkeeper or an Accountant?

11/10/2019

Do I Need a Bookkeeper or an Accountant?

Many business owners wrestle with questions relating to the financial health of their companies.

They worry about cash flow shortages, hiring expenses, the expected future value of investments, increasing materials costs, and how they will manage all of these financial uncertainties and complexities.

Signs Your Bookkeeper is Stressed (And Does It Matter?)

5/31/2019

Signs Your Bookkeeper is Stressed (And Does It Matter?)

Nearly everyone claims that they’re stressed these days, if not in one way, then in another.

The list of stressors is virtually endless: family, co-workers, supervisors, pets, the weather, friends, politics, and their bills.

As a business owner or manager, you can easily add a host of other stressors to the list, one of which is employee productivity.

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