Key Signs You Need a Bookkeeper:

1. You wait until tax time to put together financial data. This creates unnecessary stress, takes your time and energy away from the business, and sometimes without knowing it, you’ve missed some expenses or overstated income, which resulted in a higher tax liability. Additionally, you’ve lost an entire year of insight about the health of your business.

2. You’re buried in a pile of receipts and spreadsheets. Because there’s no clear understanding of your business financial health, decisions are made in the dark, you don’t have solid financial reports to provide lenders and investors, and worst of all, the hours you’re spending trying to piece this together are hours you could have spent growing your business.

3. You’re making financial decisions based on the bank balance. You need a good bookkeeper who ensures your books are accurate and not only provides financial statements, but helps you understand the numbers and your cash flow.

4. Bills are consistently paid late or debt is increasing just to meet obligations.‍ Occasional delays can happen, but a pattern of regularly missed payment deadlines means your revenue isn’t keeping up with your obligations, and this signals a broken cash cycle. We can work together to build a budget, evaluate expenses, and set targets to create consistent positive cash flow.

5. Your Balance Sheet has problems. If you are seeing negative numbers, this indicates missing or incorrectly categorized transactions, and your accounts have likely not been reconciled. If Accounts Receivable or Undeposited Funds have large balances, you’re likely not on top of your customer receivables, and your income is likely overstated - which means you are probably paying too much in taxes.

If any of this sounds familiar, we would love to work with you to get things cleaned up and get your business on track for growth.

Reach out for a free consultation: