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  • Carol Kostachuk

6 Tasks To Outsource To A Bookkeeper

Outsourcing tasks to a bookkeeper can streamline your financial management and free up time for you to focus on core business activities. Here are six tasks commonly outsourced to bookkeepers:

  1. Accounts Payable Management: Bookkeepers can handle the recording and management of your payables, including invoice processing, bill payments, and vendor communication.

  2. Accounts Receivable Management: Bookkeepers can manage your receivables, including issuing invoices, tracking payments, sending reminders for overdue payments, and reconciling accounts.

  3. Bank Reconciliation: Bookkeepers can reconcile your bank statements with your accounting records, ensuring accuracy and identifying any discrepancies or errors.

  4. Payroll Processing: Bookkeepers can handle payroll tasks such as calculating employee wages, withholding taxes, processing payments, and preparing payroll reports.

  5. Financial Reporting: Bookkeepers can generate financial reports like income statements, balance sheets, and cash flow statements, providing you with insights into your business's financial health.

  6. Expense Tracking and Categorization: Bookkeepers can track business expenses, categorize them appropriately, and ensure they are properly recorded in your accounting system, which helps with budgeting and tax preparation.

Outsourcing these tasks to a bookkeeper can help ensure your financial records are accurate, compliant, and up-to-date while allowing you to focus on growing your business.

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