Bookkeeping Near Me
If you’re going to run a business well, you’ll need to hire a great bookkeeper to help with the financial end of your company. A great bookkeeper records all of the financial transactions and information pertaining to a given business. They ensure that all of the records of the individual transactions are correct, up-to-date, and comprehensive. Accuracy is the name of the game, which is why you can’t just hire any random bookkeeper without doing a little research.
Ready to find a bookkeeper near you? Simply browse bookkeeping near me on the map below and find a list of qualified bookkeepers in your local area. Need a bit more information on bookkeeping? Read on for facts, trivia, and so much more!
Bookkeeping Near Me – Find it on the Map
Bookkeeping Near Me – Bookkeeping Trivia
What are the duties of a bookkeeper?
Bookkeepers help businesses to run more smoothly behind the scenes each and every day. But what are the overall duties and functions of a bookkeeper? Consider this as you search bookkeeping near me. The basic function of a bookkeeper is to create financial transactions and generate reports from that information. The creation of such financial transactions includes posting information to accounting journals or on accounting software such as Quickbooks. They also source documents such as invoices to customers, supplier invoices/receipts, and receipts for cash transactions. Come tax time, the bookkeeper is also vital in generating deductions, keeping receipts organized for write offs, and keeping employee tax information up to date and well documented.
What is the difference between a bookkeeper and an accountant?
On paper, the roles of both an accountant and a bookkeeper look rather similar. Both crunch numbers, go over business related finances, and are quite indispensable around tax time. So what is the difference between a bookkeeper and an accountant? Consider this as you search bookkeeping near me. In general terms, a bookkeeper is responsible for the recording of the financial transactions on a day to day basis. An accountant is responsible for taking that information and interpreting, analyzing, classifying, and reporting it before summarizing the financial data.
How much does a bookkeeper make per hour?
Given the level of trust and due diligence that a bookkeeper must have, it makes sense that they take home a very reasonable salary. So just how much does a bookkeeper actually make? Keep this in mind as you search bookkeeping near me. For a bookkeeper with little to no experience, the annual salary comes in at around $42,788 per year. That’s well above the average median salary for most americans. A bookkeeper with more experience can easily start at $55,000 and expect to go up from there. To become a bookkeeper, most firms or businesses require you to hold a two-year associates degree in a related major.
Bookkeeping Near Me – Bookkeeping Facts
Types of Bookkeeping Systems
When searching bookkeeping near me and aiming to hire a great bookkeeper, know which of the two systems your bookkeeper will be implementing. Not only will many bookkeepers charge on system, but some systems are better for certain types of businesses than others.
What are the two main types of bookkeeping? The two main types are single-entry and double-entry. In general, single-entry bookkeeping is used by companies that have very few or minimal uncomplicated transactions. Think a small mom n’ pop shop or plumber. This system records business expenses and sales that are paid when incurred.
Single-entry is not used for a company that has accounts receivable, many capital transactions, or accounts payable. If your business boasts many complex transactions, than a double-entry method is in order. Double-entry works by posting a single transaction as an income or expense item. The second entry is created to trace all transactions to a single corresponding account. This can help to keep finances and transactions more organized.
Can You just use bookkeeping software instead?
Here’s some good news- if you’re a small business who is on a tight budget searching bookkeeping near me, you may already have the right bookkeeper on staff: you! Thanks to great advances in bookkeeping software, many small businesses are opting do do most or all of their bookkeeping software themselves. Not only does this eliminate the need for an outside hire, but it can help businesses to better understand and organize their finances in a clear cut way. Popular software companies such as QuickBooks use the double-entry system and do not require the user to be well versed in the method in order to adequately use the software to their advantage.
In fact, the software is designed to be extremely user friendly and can even help to eliminate bookkeeping mistakes through handy features and internal catches. Bookkeeping software can also process accounts more quickly, increase accuracy, and streamline your business taxes. Even better- all of your data is backed up and ready to go, even if a fire or disaster occurs on site. If you’re on a budget, don’t be afraid to go with accounting software instead of a physical bookkeeper.