From ensuring that all your paperwork is in order to calculating the taxes you might owe, there's a lot to keep track of. Having accurate financial records is essential for tax preparation and compliance. This is where a bookkeeper can help.

Doing financing tasks yourself may do more harm than good. A bookkeeper can help a business owner manage day-to-day finances. Bookkeepers monitor cash flow from different accounts, bills and invoices and can organize your books to improve money management.

Part time bookkeepers will charge between $400 and $800 per month for basic bookkeeping, excluding the benefits. For full time services, expect to pay from $3,000 to $4,500 per month without the benefits. For outsourced bookkeeping, the price is from $500 to $2,500 per month for basic bookkeeping tasks.

Small business owners are typically fine doing their own books when they're first starting out. They learn how basic bookkeeping works and save money. But when your business starts growing and bookkeeping tasks start taking up too much time, you should consider hiring a bookkeeper.

Are bookkeepers still needed? Yes, they are. Many small business owners don't have enough time to do all their bookkeeping themselves. Hiring an accountant to do the bookkeeping would would be overkill and extremely expensive.

Bookkeepers and accountants share the same long-term goal of helping your business financially thrive, but their roles are distinct. Bookkeepers focus more on daily responsibilities, like recording transactions, while accountants provide overarching financial advice and tax guidance.

As a business owner, it is important to understand your company's financial health. This all starts with having updated and accurate books. Bookkeeping puts all the information in so that you can extract the necessary information to make decisions about hiring, marketing and growth.

A Bookkeeper is a service professional who helps business owners and companies keep track of the money they earn and spend. They prepare your accounts, document daily financial transactions and ensure compliance with applicable standards.

5 signs it's time to hire a bookkeeper

1. You are strapped for time.
2. You are missing things.
3. You are behind.
4. Taxes are torturous.
5. Your profits aren't increasing.