If you are a business owner, you must know that there are three important areas to concentrate on and they are production (making widgets), marketing (selling widgets) and finance.
Some people are good at production, making the product or providing the service because that’s what made them initiate the business. They found the gap in the market, realized that there was a demand and started a business to satisfy that demand. Not having anyone for your finance team can really let you down, the person on your finance team is needed to ensure that your business is making a profit and that you investing sufficient money aside for tax purposes and other emergencies as and when they come.
The problem faced by many people is where and how to go to find a good local bookkeeper. Some people seek their accountant to help them out in the matter of bookkeeping, but this is the worst thing you can do. An accountant and a bookkeeper are not one and the same. An accountant might charge you on the odds and send you his or her assistant to do the work or you will have to send your files to them, which takes a lot of time and you will have no control on what is going on in your own business.
You need someone reliable to come in, to your business site and sort out your bookkeeping work regularly and on time. A local bookkeeper can also explain any valuable findings to you so that you know the condition of your business. Knowing that your business is at loss for last three months is not a good news and you are now aware of it another matter. So, once you start up a business make sure to hire a bookkeeper to help you along.