I gather from the experience of my clients that you need to invest in professional bookkeeping service when you encounter the following situations:
1. You can’t reconcile your books. The importance of reconciling your bank and credit card accounts at least once a month cannot be further emphasized. Through the process of reconciliation, we can identify fraud or accounting errors.
2. You run into cash flow problems. When you have difficulty in paying your vendors on time or are incurring hefty credit card interests. Also, your customers are taking their own sweet time to pay you.
3. You are not filing and paying your payroll and sales tax accurately and timely.
4. You do not get any insight from reading your financial statements. You simply make your business decisions based on the amount of cash you have in your bank account,
A trained and experienced bookkeeper will prevent you from getting into these dire situations.