| What do you do when you can no longer keep | | | | create financial statements, and even process |
| track of your accounting books anymore? Even if | | | | your business papers. They could be pretty |
| you know the rules in taxation and in creating | | | | expensive, but you will be able to save a good |
| financial statements, when your business is going | | | | amount of time for training them. Needless to |
| uphill, you definitely need some help. That's when | | | | say, however, you don't have to go overboard. |
| you start looking for a freelance bookkeeper. | | | | Be a good judge if his experience is truly |
| | | | | commensurate to his bookkeeping rate. If in |
| Hiring a bookkeeper, though, is not a joke. First of | | | | doubt, don't be afraid to ask for references or |
| all, you have to look for someone who can do | | | | more credentials. |
| the job that you require. Second, you need to | | | | |
| consider about the bookkeeping rate, which today | | | | 3. Level of know-how. There are certain rules in |
| can range from $15 to hundreds of dollars per | | | | bookkeeping that do change. A good bookkeeper |
| hour. It's important that when you're in the | | | | is someone who is very much aware of them. He |
| selection process, you have some criteria in your | | | | should always be updated and be able to reflect |
| mind. You can make use of the following: | | | | the modifications in the way he does his |
| | | | | bookkeeping job. It pays to interview your |
| 1. Level of education. Keep in mind that a | | | | potential bookkeeper first before you hire him or |
| bookkeeper doesn't really have to possess a | | | | give his bookkeeper rate. You can ask for his |
| degree in accounting. Nevertheless, those who do | | | | insights about the world of bookkeeping and what |
| will always have an edge for those who are none. | | | | changes are already in place. You too can also |
| Since they already have a good background, they | | | | read an overview of some of them, so you can |
| are much easier to train, and they basically | | | | come up with your own questions. |
| understand the concepts in business, such as | | | | |
| payroll, taxation, and cash flow, to name a few. | | | | 4. Capacity to do the job. Most of all, the |
| Normally, those with degree could have a higher | | | | bookkeeping rate should be based on what job |
| bookkeeping rate. What you can do is to look for | | | | you are going to give him and how well he is able |
| those who are just starting out in the field, | | | | to do it. If he is going to perform almost 90 |
| perhaps a new graduate. They could give you a | | | | percent of all the bookkeeping job, then his |
| much cheaper bookkeeping rate, and they can | | | | bookkeeping rate should be higher. If he only |
| start building their portfolio in your company. | | | | needs to focus on certain aspects, perhaps payroll |
| | | | | or invoicing, then you can search for someone |
| 2. Experience. Experience plays a great role in | | | | with much lower bookkeeping rate. |
| determining the bookkeeping rate. Even if he may | | | | |
| not be a graduate in accounting, but if he has | | | | 5. Overheads. You need to add all the benefits like |
| intensive experience in the field, his wage per hour | | | | payroll taxes, medical benefits, social security, |
| can definitely go up. He already knows how to | | | | office space etc to really understand the |
| develop a payroll, organize and record invoices, | | | | effective cost of the bookkeeper. |