What are the better options for bookkeeping?

Posts: 3 · New Forum Member Joined: Jul 18, 2008 Posts: 3

Hi everyone, I need some suggestions for my business issues. I am the manager of a company and need to maintain the account books as per the schedule. I have a few selected persons to manage them but I am not finding them doing justice to their work. They somewhat lack behind and that upsets the whole schedule. I know that I can appoint some other persons too but I am here to ask about online bookkeeping services and outsource accounts work. What are the ways to go about this?

Posts: 3 · New Forum Member Joined: Jul 20, 2008 Posts: 3

This is not a new thing; many companies outsource their bookkeeping and accounting work to the service providers they find suitable. This way, the company is saved from the maintenance of the books and advantages are many including fast turnaround, better work quality, cost savings and access to newer technologies to handle the work. I would recommend you to try any bookkeeping outsourcing service provider. I have heard of Books2Taxes Bookkeeping from my cousin who is also using them and seems pretty satisfied with their work. Embarassed

Posts: 3 · New Forum Member Joined: May 27, 2009 Posts: 3

I am currently starting a bookkeeping business. Here is what I recommend to get started.

First of all you need to know what you are doing. You stated that you are taking some courses - that is good. I recommend at least one basic accounting course to learn about posting and debits and credits. If you plan to do payroll and payroll taxes Payroll Accounting is a must. Also, Excel and QuickBooks for computer programs.

I recommend becoming a QuickBooks Pro Advisor. Included in the cost you get educated about QuickBooks, software and support. Also, you get listed on their website so people can find you.

Yes there is a need for this service. You can do:
Accounts Receivable (billing and receiving payments)
Accounts Payable (paying the bills)
Payroll
Payroll Taxes
Sales Taxes
Bank Recs
Data Entry
New Business Start-Up (applying for tax numbers, etc.)
QuickBooks Training and Set-Up (if ProAdvisor)

I would charge 2 1/2 times what you could get a job doing bookkeeping for. So if bookkeepers are making $10.00 then charge $25.00. Why? Because you will have expenses such as office supplies, office equipment, advertising and don't forget self-employment taxes.

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