8 questions that will determine if you are ready for a bookkeeper to help your business. Does your business need a bookkeeper? Find out by answering 8 simple questions! Do you know enough to do your own bookkeeping? Deselect Answer Yes! I know what double entry accounting is, what FIFO stands for and why accrual basis accounting is important. Maybe? I know what I need to get by, but I worry that I am doing it correctly. Nope. What's accrual basis? None Are you tech savvy enough to resolve issues? Deselect Answer Yes! I have a degree in IT and accounting, so that I can solve any problem. Maybe? I know how to google. Nope. I don't have time to waste figuring out every problem. None Can you do everything that a bookkeeper can do? Deselect Answer Yes! They just record numbers. Maybe? I'm organized enough to keep an accurate record but I worry that I'm missing something. Nope. I didn't know that a bookkeeper could help me make money and help me make sound business decisions. I also don't know how to keep my income taxes at a minimum. None Do you have the time to dedicate to maintaining your own books? Deselect Answer Yes! I enjoy doing it and it takes no time at all. Maybe? I don't want to do it, but I do because I have to. Nope. I wish someone could give me my time back. None Can you file your income taxes by yourself? Deselect Answer Yes! I have experience in tax preparation and have the time to keep up with the changing tax regulations. Maybe? I can answer questions on Turbo Tax (or similar platform). Nope. I constantly get robbed by the IRS because I don't know what expenses are deductible or how to record it properly. None Does your small business have problems with the government? Deselect Answer Yes! I need a Certified Public Accountant because I need someone that knows the auditing process. No. The person who currently handles my bookkeeping has all of that under control. Maybe? I'm nervous that if the IRS were to audit me that I could be in trouble. None What happens if you don't hire a bookkeeper now? Deselect Answer I continue as I am and I'm perfectly content with that. I don't have plans to grow and my current system works well for me. Maybe I could use some help. I should look into bookkeeping solutions a little more. Disaster and Chaos. I have big dreams, goals and plans and I know that outsourcing by bookkeeping is one of the first and most affordable steps in getting results. None What kind of bookkeeping can you afford? Deselect Answer For $174 per HOUR I can hire Certified Public Accountant. That high level accounting is what I need for everyday business activities. For about $3520 per MONTH, I can hire an in-house bookkeeper full time. For $450-2500 per MONTH, I can outsource my bookkeeping to a virtual firm. This is largely determined by the size of my business and what add on services I need. None Time's up
