Jean Knows Business

Error prevention: bookkeeping mistakes cost small businesses thousands of dollars each year through missed tax deductions, cash flow issues, billing errors, penalties, and inaccurate financial reporting.

Separation of duties:  Simply put, no single person should have control over every step of a financial transaction. This helps prevent fraud or theft. As a small business you may not have enough employees. A bookkeeper can share some of these responsibilities and improve internal controls.

How much is your time worth? Let’s say you spend 5 hours weekly on bookkeeping. If you could pay a professional bookkeeper $100 weekly for the same work, your time value is $20 per hour....