Bookkeeping Help – Why hire a Bookkeeper when my spouse can do my Bookkeeping for FREE!
A Bookkeeper is a Bookkeeper Right? Unfortunately this is not the case. Anyone can say they do bookkeeping. They may read a book, take a class or two, or they may use an accounting program and therefore say they are a bookkeeper. For bookkeeping help, Sometimes small businesses to save money will even hire a family member to do their bookkeeping for them, even though they may have little to no experience. Accounting software programs, like QuickBooks was designed to be easy to use, just being able to use the software and using it properly are two different things.
For example, a Bookkeeper contacted me for bookkeeping help, and to work with them to clean up their QuickBooks file. The Bookkeeper said that she was a friend of the owner and that they have been using QuickBooks for a couple of years now but have never been able to reconcile the check book. They transferred an Accountants copy to me while on the phone, and I looked at their file. Their file was a mess! They had ten different bank accounts set up, where in reality they only used two. They had debit cards set up as credit cards, and had accounts set up that they did not know what they were, and that is just what I noticed in the first few minutes! The bookkeeper admitted that at this point, they basically just use their QuickBooks for paying bills and writing checks because they really did not know how to properly use the program, nor had she had any formal training in bookkeeping or QuickBooks.
With QuickBooks you will be able to run financial statements from any data entered, however the statements are not going to tell you much about critical information regarding your business’s performance. You should be able to analyze the data in difference ways to tell you things like:
- Do you have enough cash on hand or do you need to revisit customer payment terms?
- Are you charging enough for your products or services?
- Are their serious financial problems in the near future?
- Can I really afford to buy that piece of equipment now or should I wait?
So in summary, the company mentioned above has not saved any money by hiring a friend to do their bookkeeping. They have missed out on key information that they need to grow and run their business, and now they are in need of the services of a qualified bookkeeper to clean it all up, and then train their bookkeeper on how to do the bookkeeping properly. Your financial statements should tell you a never-ending story and lead you through the maze of paths to that pot of gold!
Because proper Bookkeeping = The Key to a Successful Business!
If you are in need bookkeeping help to grow your business, Dailey Bookkeeping Services would love to help you write your story. The owner, Jacqueline Dailey is a Certified Public Bookkeeper, a Certified QuickBooks and QuickBooks Online ProAdvisor and a Xero Certified Advisor. We work remotely so we can work with any company located in the U.S. If we cannot help you, we will refer you to someone who can!