Bookkeeping is the backbone of a well-run business. Keeping accurate financial records not only helps with tax compliance but also gives you a clear picture of your business’s financial health. But how do you find the right bookkeeper? Here’s everything you need to know.
How Much Should You Pay for Bookkeeping?
The cost of bookkeeping varies depending on the complexity of your business. On average:
✅ Hourly rates range from $20 to $50 per hour
✅ Monthly packages for small businesses typically start at $200 to $300 per month
Rather than focusing solely on cost, consider the value a good bookkeeper brings—saving you time, preventing costly errors, and keeping your business compliant.
How Do I Find a Reliable Bookkeeper?
Finding a trustworthy bookkeeper is key. Here are a few strategies:
🔹 Ask for referrals – Talk to other business owners, your accountant, or industry peers.
🔹 Check reviews – Search online and read client testimonials.
🔹 Look for experience – Find someone familiar with your industry’s financial needs.
🔹 Ask about certifications – A certified bookkeeper (such as a QuickBooks ProAdvisor) brings credibility and expertise.
Is a Bookkeeper More Affordable Than an Accountant?
Yes. Bookkeepers typically charge less than accountants because their role focuses on:
✔️ Recording daily financial transactions
✔️ Reconciling bank statements
✔️ Managing accounts payable/receivable
An accountant, on the other hand, handles tax planning, audits, and financial strategy—which comes at a higher cost. Ideally, a bookkeeper and accountant should work together to give you the best financial oversight.
Where Can You Find a Good Bookkeeper?
Here are some of the best ways to find a professional bookkeeper:
📌 Referrals – Ask other business owners or professionals.
📌 Online directories – Platforms like LinkedIn or bookkeeping service websites.
📌 Networking events – Attend business meetups or industry seminars.
📌 Bookkeeping firms – Many firms offer both bookkeeping and advisory services.
Is It Worth Hiring a Bookkeeper?
Absolutely! Hiring a bookkeeper offers many benefits:
✔️ Saves time so you can focus on growing your business
✔️ Ensures accuracy in your financial records
✔️ Helps you avoid costly mistakes
If managing your books is eating into time that could be spent on sales, marketing, or client relationships, outsourcing is a smart move.
Do You Need a Bookkeeper If You Have QuickBooks?
Yes! While QuickBooks is an excellent tool, it doesn’t replace the need for a bookkeeper. A bookkeeper:
🔹 Ensures data is entered correctly
🔹 Reconciles bank transactions
🔹 Identifies financial trends and red flags
🔹 Prepares reports that help guide business decisions
Think of QuickBooks as the tool and a bookkeeper as the expert who ensures it’s used correctly.
Can You Do Bookkeeping Yourself?
Yes, but it comes with challenges:
❌ It takes time and effort to learn accounting principles.
❌ Mistakes can lead to inaccurate records and compliance issues.
❌ It can distract you from your core business activities.
If your business is growing or finances are getting more complex, outsourcing bookkeeping can save time and reduce stress.
Should You Hire a Bookkeeper or an Accountant?
You may need both, but they serve different purposes:
📊 Bookkeeper → Handles daily financial transactions and record-keeping.
📉 Accountant → Focuses on tax planning, financial strategy, and audits.
A good bookkeeper keeps your records organized, while an accountant helps you maximize profits and minimize taxes.
Final Thoughts: Make Bookkeeping Work for You
Hiring a bookkeeper isn’t just an expense—it’s an investment in accuracy, efficiency, and business growth. Whether you’re a solo entrepreneur or managing a growing team, a bookkeeper can free up your time and give you peace of mind.
Looking for a professional bookkeeper in Montreal? Let’s chat! 🚀