These days, there is a lot of software out there that allows businesses to keep their own books. Or, maybe, you already have an accountant. Then why would you need a bookkeeper?
Well, bookkeeping isn't just the recording of daily transactions. Bookkeepers are also highly skilled and trained in using accounting software, such as Xero or Quickbooks online. As a matter of fact, a good bookkeeper is your partner in keeping things running efficiently and smoothly with your business.
You might ask, "What are the other skills besides recording transitions?". Well, bookkeepers will be able to advise you of add on solutions. One might be payroll services to save time and simplify the way you pay your staff. Another add on could be to manage paying bills more efficiently and on time. There are many more, depending on your business needs. A bookkeeper might also clear up errors made by inexperienced staff and help train them on the software.
While it is true that accountants can take care of your books for your business, it is generally less expensive and more efficient to hire a bookkeeper. With the new software and technology today, bookkeepers can even prepare reports for use by your business. Accountants are best used when it comes to preparing taxes or reports to banks. However, working hand in hand with both the accountant and bookkeeper can make a difference in your bottom line.