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  • What Do the Best Outsourced Bookkeepers Do and How Can They Benefit My Business?

    Why hire the best outsourced bookkeepers for your business sooner than later. 

    Best Outsourced BookkeepersAre bookkeepers overrated? Can’t you do everything even the best outsourced bookkeepers can do for less muss, less fuss? Want the truth? The answer is a resounding nope. Knowing that you still probably want to know what they can do and how they can benefit your business. Here’s the lowdown on what a bookkeeper does, and what they can do for you.

    A Bookkeeper Keeps the Books

    A bookkeeper’s job is to manage the general ledger for a business. This means that they document all of the daily financial transactions using a software program that will manage all of the accounts for that organization. While today’s bookkeepers have come a long way from the labor-intensive practice of keeping track of transactions in a hard-copy record book, the basic principles are still the same. Where accounting is often interpreting financial data and information, bookkeeping is more straightforward. It’s the act of compiling and recording all of the financial transactions done by any and all employees of a company.

    How a Bookkeeper Goes About Keeping the Books

    Entering financial information into accounting software is about more than data entry, although that is a fair share of the job. It’s more than just data entry, however. Being a successful bookkeeper requires organization and keen attention to detail.

    While they are responsible for labeling and entering expenses, tracking payments, recording receipts, and sending invoices, they do more than just that. They can create profit and loss statements to help you understand your revenue vs. your expenses. They’ll build balance sheets which provide a view of your financial information for a given time. They can provide cash flow statements so you know what’s coming in and what’s going out. In addition to these job duties, they can also be responsible for the following:

    How the Best Outsourced Bookkeepers Can Benefit Your Business

    Now that you know what a bookkeeper does, you can start to see how they can benefit your business. But let’s break it down so you can truly know where the value lies when you hire one to support you and your organization.

    Have you hired the best outsourced bookkeepers around to help you manage the financial data and documentation for your business? If not, it’s time you should. Click or call 678-990-0924 for a free consultation to learn how a bookkeeper can help your business.