Should I Hire a Bookkeeper, an Accountant, or Both?

When you’re running a small business, today’s software and technology solutions have made it easier than ever to handle accounting tasks yourself. However, there are likely times when you’re uncertain if you’re doing things correctly or when these tasks are cutting into the time needed to grow your business. If that’s true for you, it may be time to hire a bookkeeper or an accountant. But which do you need?

A bookkeeper is responsible for the day-to-day accounting tasks, such as:

  • Paying and submitting invoices; following up on them if necessary
  • Paying bills
  • Making bank deposits
  • Tracking and recording company expenses and other transactions
  • Ensuring new employees complete the proper paperwork for payroll
  • Managing payroll

An accountant is responsible for the larger picture tasks as they relate to a company’s finances, including:

  • Analyzing the numbers and offering strategic advice and guidance
  • Preparing and filing company tax returns
  • Preparing financial documents, such as profit and loss statements

So the answer may be that you need both. Possibly, you can hire a bookkeeper – whether full-time or part-time – and then just work with an accounting firm to handle those strategic accounting needs. Whatever the case, when you have the right team in place to handle your finances, you’ll benefit from:

  • More organized records
  • More accurate billing for your clients
  • A better understanding of how much money you’re really making
  • A better understanding of how much money you’re really spending
  • More time to focus on managing employees, increasing sales, and growing your business
  • Money saved from any late fees you’ve been accumulating as a result of inefficient bill paying
  • Being able to make better-educated decisions about your finances and your business
  • Peace of mind that comes with knowing your accounting functions are being properly handled

Whether you think you need a part-time bookkeeper, or a full-time accountant, Murray Resources can help. As one of Houston’s leading staffing agencies specializing in accounting and finance, we have the knowledge and experience to source the finest candidates for your contract and full-time job openings. Contact us today to learn more.