5 Things To Ask Before Choosing Your Bookkeeper

Your business is thriving – and you realize that it’s no longer a good use of your time to be doing all of your bookkeeping on your own. You’re confident that you’ve done a good job establishing your processes, but you’re not getting the comprehensive financial analytics you want. You know there is a better way. You’re looking for help, and more importantly, smart insights that will help your business grow. Another one of your priorities is to reduce your overall stress and have more time to spend with friends and family. You’re on the hunt for a bookkeeper that will help you achieve your business and personal goals.

What if I told you that many bookkeepers only do the bare minimum and actually don’t reduce that much of your workload?

That doesn’t sound great – right?

What if I told you that many bookkeepers only do the bare minimum... Click To Tweet

I’ve created an easy cheat sheet to help you ask the right questions when you’re searching for a bookkeeper that will work for you.

Here’s what I recommend you ask before choosing your bookkeeper:

  1. How can you contribute to my bottom line? Can you bring any innovative solutions to my business that save me money?
  2. What’s your pricing structure? Do you have an hourly rate? Or do you have a performance-based rate?
  3. Do you have a team to back you up? If my associate is ill or goes on vacation, will another one of your team members maintain my books?
  4. What responsibilities do I (the business owner) have in the bookkeeping process? What documents do I need to submit on a monthly basis? How do I do this?
  5. How frequently and timeline can I see my up to date financials? Do I see my financials on a month-to-month basis? Quarterly?

Now you know what ask, you’ll probably want to know how a good bookkeeper should reply.

Well, you are in luck. 

We’ve created a FREE extended guide called “5 Things to Ask Before Choosing Your Bookkeeper – And The Responses They Should Give You.”

We’ve shared insights that will help you understand how bookkeepers operate, bill, and deliver results. Most importantly, the guide details exactly what a good bookkeeper should tell you when you ask those questions. Our guide is a must-read for those looking to save time and money.

Download Your Free Guide Today!


How to Setup a Bookkeeping System

Ok, so there you are, facing the daunting task of building a bookkeeping system. You’re overwhelmed at the prospect of not getting it right…whatever that means!

Well as painful as it may seem, when starting off, it’s a great idea to build your bookkeeping system yourself. You’ll better understand the ebbs and flows of your business, along with the rhythms of your costs and expenses. The knowledge and appreciation you’ll gain about your business or organization will be invaluable as you make key decisions.

However, it’s vital that you set things up the right way. You don’t need a background in mathematics to get the job done, but you do need to pay attention to a few critical processes. Otherwise, you’ll have to deal with a lot of cleanup, which can be very expensive.

For instance, imagine you were to discover that a year’s worth of bookkeeping work was incorrect? You may have overpaid on bills, did payroll incorrectly, not charged enough for an expensive project, or improperly paid tax to the government.

Not to mention, you’ll probably want to rely on your financials to make decisions, so if your bookkeeping system has errors, you will miss out on valuable insights. Your data will have blind spots and your businesses’ or organizations’ full potential will not be realized. All of these issues would take time and effort to fix – time you should be spending on your business to help it grow.

We understand that there is a lot at stake when starting your own system. But it doesn’t have to be as intimidating as it sounds.

Here are 5 tips that will help your bookkeeping system started on the right foot.

Follow these, and you’ll reduce the risk of error and can gain sharp insights into the health of your business.

  1. Start with the end in mind. Thoughtfully consider what you want to gain from your bookkeeping system. How will your records reveal these insights?
  2. Separate your business and personal expenses. Open up a business account today which will only be used for business costs.
  3. Automate as much as you can. Your time is valuable. Let the machines do the redundant work. Quickbooks Online is a great product that features tons of automation.
  4. Reconcile your accounts at least once a month. Monthly insights are hugely valuable and you’ll keep on top of the work.
  5. Get some help! If this seems like too much, then hire a professional to help take the paperwork off your hands.

Want more in-depth information?

bookkeeping systemWell, you are in luck.

We’ve created a FREE extended guide called “10 Actionable Secrets for a Better Bookkeeping System.” We’ve poured our knowledge into it so that you’ll gain even more valuable insight into getting started on the right foot and avoiding any errors or additional costs.

Download Your Free Guide Today!

Intuit Quickbooks Global Firm of the Future Runner Up!

Our sincere gratitude to Intuit Quickbooks for voting us a Global Firm of the Future runner up! We take great pride in having been recognized by a global leader in financial management software.

Candidates of the Global Firms of the Future undergo a rigorous contest with few making it to the final stages. To enter, all contestants provide written submissions that prove their embracement of technological change and innovative processes that help fuel business success for the firm and the client.  

Our sincere gratitude to Intuit Quickbooks for voting us a Global Firm of the Future runner up! Click To Tweet

Only 15 bookkeeping firms were selected for the runner up position worldwide. The winners were ultimately chosen for their excellent business integrity, forward-thinking policies, and swift technological adoption by Intuit Quickbooks.

We are constantly in pursuit of better ways to serve our clients and are so thrilled to be recognized for our efforts. We also want to share our congratulations to the four finalists still in competition for the first place prize.

At Legacy Advantage, we pledge to provide the highest quality bookkeeping services to our clients. Next year, we hope to be considered the top global Firm of the Future!