Hiring a bookkeeping service
Bookkeepers often allow you to choose from different service levels depending on your budget. That means you can start out with basic bookkeeping at a modest cost and add on more advanced services as your business grows. Learn more about professional bookkeeping services.
What does software do?
For most small businesses, the choice between DIY and outsourcing comes down to time versus money: Which can you afford to give up? Software lessens the blow on both sides. It automates or streamlines time-intensive tasks like data entry, bank reconciliation, invoicing and some tax prep jobs. That cuts back labour which either saves you time, or lowers the fees that you pay to professionals.
Chapter 2: How to set up a chart of accounts
A chart of accounts is central to good bookkeeping. We explain the importance of setting them up right, and show you how a lot of businesses do it.Read next chapter
1. Bookkeeping for small businesses