![]() Generating financial reports (like balance sheets, income statements, and cash flow statements).Preparing and filing sales tax returns (like GST and PST).Performing reconciliations on bank accounts and credit cards.Recording financial transactions (like payments and billing).Your Bookkeeper's RoleĪ bookkeeper is responsible for recording the day-to-day financial activities of your organization so you (and your accountant) can use that information to make better business decisions. But first, let’s get clear on why hiring a bookkeeper is so important. Since there are pros and cons attached to each option, we’re going to dive in and compare them. Hiring an external bookkeeping service often sits somewhere in the middle, costing between ~$500 - $2000 per month. This gives a broad range of costs, from ~$20-$50 an hour for a part-time, self employed bookkeeper up to ~$4000 a month + overhead costs for a full-time, in-house bookkeeper. Hire a part-time, self-employed bookkeeper.How much does it cost to hire a bookkeeper? The answer depends on whether you: If you’ve decided it’s time to get your books in order, the next logical question is: how much does it cost to hire a bookkeeper? But proper bookkeeping isn’t just an important part of running a successful business - a good bookkeeper can actually save you from costly record-keeping and tax filing mistakes. ![]() Newer business owners are often reluctant to hire a bookkeeper because of the added expense.
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