How to Outsource Your Bookkeeping

Bookkeeping isn't that fun. Seeing how much money your business made and watching profitability grow can be fun. But the actual act of accounting is mildly satisfying, at best, and frustrating to the point of tears, at worst. Even though bookkeeping software has become user-friendly, you still might end up making costly mistakes if you don't have some accounting chops to help you understand how to troubleshoot and fix things.

It's probably time to outsource your bookkeeping if any of the following are true:

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• You've tried to set up your chart of accounts, only to quit after getting stuck deep inside a Google hole.

• You can't figure out why the bank balances don't match, and so you never reconciled your accounts.

• Your business is doing so well that you don't have time to sit down and focus on the bookkeeping.

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When it comes to hiring a bookkeeper, here are your options: you can hire a freelancer, a firm, or an employee. The person you hire should have bookkeeping experience. They should either be a bookkeeper or an accountant. All bookkeepers do bookkeeping, but not all accountants do bookkeeping.