1.You can hire an in-house bookkeeper. But this is going to bevery expensive. There are overhead costs that include the hiring and training cost of a bookkeeper, the installation of computers and other software, bookkeeper???s salary etc. This is going to cost a fortune. If you are okay with spending a lot on this, you can consider this option. But beware, most of the time it may not be worth it.
2.Another option that many business owners resort to is let a member of the family manage the books. This is not only thoughtless but risky. If you are not sure about the competence of the person, it is better not to take this option. It may seem tempting ??? because primarily you have the burden off your shoulder and you do not have to pay anything extra. But is it worth the risk? I don???t think so.
3.You still have another option. This is the use of a bookkeeping software. So far if you have been managing your books yourself with the help of spreadsheets, you can switch to software, but only if you know accounts well. Most of these software have complex accounting language. It is meant for accountants. If you can put up with that,
you can check out some online bookkeeping software and take your pick. But again, this is going to demand a lot of your time. If your primary issue is to reduce the time it takes, then this might also not be the right option.
Now we have ruled out three options. What do you do?
Don???t worry. Here is something that you will appreciate. Have you heard of the concept of remote bookkeeping? This is when a person works from home or a remote area and logs on to your computer using a remote secure connection and works on your books on your behalf. The only thing you should ensure is that the remote bookkeeper is reliable. That is why you should hire them from a professional bookkeeping agency. They would ensure security and hence reliability. Look for measures like 128-bit encryption, 27/7 surveillance, etc. Once you ensure this, you are safe to go ahead. They would work on your behalf at affordable rates. Hire a remote bookkeeper right
away and ease your troubles!
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Source: http://www.workoninternet.com/business/reviews/miscellaneous/219459-article.html
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