Page 1

Duties of Bookkeepers and How They Set

Their Rates Do you need a reliable and affordable bookkeeper? Like many other small business owners, you may be interested in buying bookkeeping services from an outsider. This is what is commonly called outsourcing. The main benefit of outsourcing is cheap bookkeeping rates. Hiring an independent service provider is encouraged because it will cost you nothing except the agreed fee. How your bookkeeping firm manages its staff, equipment and processes should not bother you. The role you should play is to submit books that need to be updated and to pay for great results. When determining bookkeeping rates, outsourced accounting firms consider various aspects of their work. Their rates are usually flexible to allow a customer like you pick the type of work they would want completed. Bookkeepers’ job is tedious, repetitive and lengthy. Because of this fact, the going rates, now, for an in-house employee might be higher than what many upcoming businessmen can afford to pay. Some the duties of a bookkeeper entail the following:

Producing accounts payable and accounts receivable

Creating bank reconciliation reports

Creating credit card reconciliation reports

Recording purchase orders, sales invoices and vendor invoices

Making Month-end adjusting and closing journal entries

Recording bank charges, disbursed checks and deposits

Sales tax reporting and payroll reporting

Producing cash flow statements and profit and loss statements

The above duties and many others are put into consideration when deciding on the best bookkeeping rates to charge clients. As a client who is looking to outsource your books, you should take the time to plan your purchases. If you already have a bookkeeper, and he or she is overworked, you could farm out a portion of their daily work. This is if you have plans to continue using your clerk despite realizing that contracting out is cheaper. Another way to save money is to sub-contract the entire work at affordable bookkeeping rates. If you decide to do this, then you have to either dismiss your current clerk or use their services elsewhere in the organization. For instance, if your bookkeeper is fluent and flexible, you could shift them to the marketing department. It is unwise to outsource work to any company that claims to offer matchless accounting services. Instead, you should take the time to investigate such an organization further. There are a number of ways you can


apply when selecting companies that offer affordable bookkeeping rates. First you can go to the internet forums and ask questions concerning particular companies and their bookkeeping rates. Forum members who have already used a given accountancy firm should be in a position to assist you. There are also blogs that review various firms in the country. You should be able to read those reviews before choosing the bookkeeping rates you are comfortable with. Ensure that those companies are legitimately located in the United States. This is because you can expect better results from locally based accountants than international ones. Local accountants understand pre-set accounting principles and business law. They can do their work in full compliance with the above and be available for face to face consultations.


Bookeeping rates  
Advertisement
Read more
Read more
Similar to
Popular now
Just for you