SMALL BUSINESS OWNER
Bookkeeping can be a time-consuming task, especially for small businesses that have a lot of transactions. Hiring a bookkeeper can free up the business owner's time so they can focus on other aspects of the business.
Training in ‘doing’ your own bookkeeping is a worthwhile exercise. Never be put in a position where you hand over the bookkeeping without understanding the basics for example understanding your reports (profit & Loss and balance sheet), tax liabilities, dates for insurances, workers comp, renewals.
Overall, hiring a bookkeeper can be a valuable investment for small businesses but if you don’t know what they are doing, can’t read their reports then it’s time you for to upskill.