- 54. What your bookkeeper expects from you
September 20, 2019
This episode is brought to you by my bookkeeping strategy sessions. When it comes to your bookkeeping, you’re probably in one of three areas. Doing it yourself, outsourcing some or all of your bookkeeping to a professional or understanding what the reports mean and making better business decisions from that information. Each of these stages comes with different struggles and questions. I can help with all three. Bring your questions, and I’ll bring some solutions. To book one of these sessions, email me at firstname.lastname@example.org. Now, on with the show.
Welcome back to the podcast!
In the last episode we talked about what your expectations are from your bookkeeper. In this episode, we are talking about your bookkeeper’s expectations for you. This is all apart of our outsourcing your bookkeeping series.
I want to share three things specifically that your bookkeeper expects from you whether you realize it or not.
- Your bookkeeper expects that you know what you want them to do. Go back and listen to the last episode where we talk about different bookkeeping tasks that you have in your business and I tell you where you can get my cheat sheet to divide the tasks. Your bookkeeper will expect you to have those tasks divided up and for you to have the clear expectations on who does what in your business.
- Your bookkeeper expects that you’re keeping up with receipts! They can’t follow you around to every meeting, restaurant and sit beside you as you make your online purchases. It’s still your job to keep up with your receipts even if that just means that you are leaving them in a file for your bookkeeper with some information written on them. For example, you could have spent $50 at starbucks. Was that for a client meeting? A giveaway? A marketing promotion? A donation? You have to give them details on what you did and why you did it otherwise their job will be impossible, and you won’t have accurate information.
- Your bookkeeper expects that you will make time for them, especially if you’ve asked for the meetings. If you’ve asked your bookkeeper to meet with you monthly or bi-monthly to go over your financials, then they expect you to make those meetings. If you don’t request that information and don’t expect it, then when they send you reports, and you don’t look at them for months on end and get upset when you don’t know what’s going on. Sorry Charlie, that one’s on you.
Let’s talk quickly about price. Obviously, what you need done and how many hours you’re asking from your bookkeeper is going to affect the price. If you find someone hourly, I’m seeing the going prices between $65 and $125 an hour depending on where you live.
If you’re looking for monthly work, the low end is around $300 a month for basic functions and it can go up to over a thousand a month if you have complicated back end things and need lots of attention.
Also, when we talk about budgeting, you can budget your time as well. If you’re going to outsource your bookkeeping, then you still need to budget in at least 1-2 hours a week to keep up with your receipts and then time to meet with your bookkeeper or look over the information that they’re sending you.
I’d be honored to work with you. To get started, email me at email@example.com with the problem you’re having and we can discuss the best way to get to a solution.
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I would love to connect with you. You can find me on Instagram @lydia.miller.mba and always by email firstname.lastname@example.org.
So until next time, go, make it happen.