The 6 Essential Reasons to Hire a Bookkeeper for your Startup

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The 6 Essential Reasons to Hire a Bookkeeper for
your Startup
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• It's no secret that starting a business is tough.
  Bookkeeping can be one of the most time-consuming
  tasks for entrepreneurs because it must be done
  on top of all other responsibilities. Bookkeepers
  are often very expensive and don't come with many
  benefits, such as payroll and super cost. This
  blog will give you five reasons why every startup
  should hire a great virtual bookkeeper to help
  them manage their finances!

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• Here are our top 6 reasons why each startup needs
  a good bookkeeper.
• Reason 1 Bookkeepers are Easier to Hire
• One of the first things a startup should do when
  starting their business is set up an accounting
  system. Bookkeeping can take quite a bit of
  training before you get it right and make sure
  that your numbers are accurate. Bookkeepers have
  experience with distinct types of bookkeeping
  software, tallying accounts receivable and
  payroll systems. They are also aware of the
  compliances and best accounting practices. This
  makes it easier to hire a good bookkeeper since
  they will know what you need.

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• Reason 2 Bookkeepers are More Affordable
• Bookkeeping services are typically paid at an
  hourly rate or a monthly retainer fee. This is
  highly customisable and perfect for a startup as
  there is less work in the early days of
  operation. Bookkeepers can be hired as part-time
  or full-time staff, making them more affordable
  than most accountants who require higher
  financial commitments.

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• Bookkeepers are experienced in working with
  startup businesses and they can easily identify
  the problems that need to be addressed.
  Bookkeeping services help startups by providing a
  full accounting service, which would otherwise
  require large financial investments for an
  internal staff.

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• Reason 3 Bookkeepers Can Prevent Financial
  Losses
• Bookkeepers make sure all your business
  transactions are recorded accurately. Bookkeepers
  take multiple courses to hone their craft. While
  you may feel as though you are balancing
  everything correctly at first, there are going to
  be small areas you do not understand. Over time,
  those small areas could lead to big mistakes that
  cost you a lot of money later. Certain errors,
  such as missing a bill payment, can even affect
  your business's credit rating. Bookkeepers will
  make sure you have accurate records and can avoid
  these errors.

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• Reason 4 Bookkeeping help meeting tax deadlines
• If you are a startup owner, then chances are good
  that tax season is not your favorite time of the
  year. Bookkeepers can make this time slightly
  more bearable, as they will be able to prepare
  your taxes accurately and on time. Bookkeepers
  can also make a schedule for you so that this
  process does not interfere with other parts of
  running the business.

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• Reason 5 Bookkeeping help refocus your energy
• Startup operations require a lot of energy and
  patience. A good bookkeeper can help you with the
  day-to-day details so that you can focus your
  energy on other parts of running a startup.
  Bookkeepers are trained to help business owners'
  priorities their time and eliminate nonessential
  tasks to free up more time for important
  decisions or growth opportunities.

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• Reason 6 Bookkeeping services keep everyone
  accountable
• Running a startup is challenging enough, but when
  there is no one keeping track of finances things
  can go south very quickly without anyone noticing
  it until it is too late. Bookkeepers will make
  sure everything gets done according to plan not
  just in tax season - they will also do regular
  audits throughout the year so that nothing falls
  through the cracks. Your bookkeeper should be
  able to manage all these high jobs while being
  friendly and approaching.

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• If you are ready to maximise your business's
  revenue and balance its finances, it is time to
  hire a great bookkeeper for your startup.
  Bookkeepers are the best business partners for
  any entrepreneur, which is why it is important to
  find a great one who will add value to your
  company by keeping everything in order.

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• If you are ready for an amazing team player
  partner who will help you super charge your
  startup, speak with one of our startup experts at
  iKeep Bookkeeping. Let us create something
  amazing together.