Are you looking to have an individual help keep track of your business’s finances so you can focus on growing your business? Are you looking to have accurate and timely finances to help with timely reporting and strategic decisions?

You may be ready to hire your first bookkeeper!

Who is this for?

  • Start-up companies

  • Small Businesses

  • Entrepreneurs

Keep reading if you are…

  • Looking for help in tracking and recording your company’s finances

  • Want to free up time to focus on growing and perfecting your business

  • Curious on how Bookkeepers can help and support your business

TDLR: If you are getting behind on your books or finding too much time is spent in keeping up with the amount of transactions, it may be a great time for a bookkeeper to take things off your hands and help you focus your time on growing your business. Never to early to consider if a bookkeeper would be right for your business!

Key Factors that Signal it’s Time to Hire a Bookkeeper

Hiring a bookkeeper for your small business can be a valuable decision, but it’s important to consider the timing of when to bring one on board. Here are some factors to consider when deciding when to hire a bookkeeper:

  1. Volume of transactions: As your business grows and the volume of transactions increases, it may become difficult to keep track of all the financial details on your own. Hiring a bookkeeper can help you stay on top of your finances and ensure that everything is properly recorded and organized.

  2. Complexity of your business: If your business has multiple revenue streams, complex financial transactions, or multiple bank accounts, it may be time to hire a bookkeeper to help manage the financial details.

  3. Time constraints: As a small business owner, your time is valuable and you may find that bookkeeping tasks are taking up too much of your time. Hiring a bookkeeper can free up your time to focus on growing your business.

  4. Preparing for taxes: As the year-end approaches, it’s important to have accurate and up-to-date financial records to prepare for taxes. Hiring a bookkeeper can help ensure that your records are in order and that you’re able to claim all the deductions and credits you’re entitled to.

  5. Legal and compliance: Bookkeepers can help you stay compliant with tax laws and regulations, and ensure that you’re filing your taxes correctly and on time.

  6. Growth: If you’re planning to grow your business, a bookkeeper can help you plan for the future, by providing you with financial projections, and helping you create a budget for your company.

In conclusion, hiring a bookkeeper for your small business can be a great decision, but it’s important to consider the timing of when to bring one on board. If you’re finding that you’re spending too much time on bookkeeping tasks, or if your business is growing and becoming more complex, it may be time to hire a bookkeeper to help manage your finances and free up your time.

How does Purpose CPA fit into this?

Purpose CPA has a team of Bookkeepers who has experience in numerous industries to be able to help track your finances. We have multiple tiers of bookkeeping plans to be able to best fit and serve your business to enable you to focus your business.

In addition to the above, Purpose CPA has designated accountants (CPA’s) supporting the bookkeepers to help resolve any complicated matters and provide guidance. With our higher tier Bookkeeping plans you will have periodic reviews and check-ins with our designated accountants to help guide your business.

Lastly, with our Bookkeeping plans, we can provide a peace of mind as we can help deal with CRA requests, Payroll and other regulatory filings depending on your plan.

Want to get in touch with us?

We would be ecstatic to hear from you and be part of your journey as an owner and entrepreneur. Contact us below using the below link!