Tuesday, November 5, 2013

5 Warning Signs That You Need to Find a Bookkeeper

Do you find yourself wondering if it might be time to find a bookkeeper?  Here are five warning signs that it might be time to take this step – although many times you are in way over your head if they occur.

  1. Your banker or business advisor has requested financial statements.  If this happens and you do not have your bookkeeping records in order, you need to act fast.  The trick will be to find a bookkeeper who can get this information processed fast enough to meet your deadline.

  1. You are getting angry phone calls from suppliers looking for payment.  Everyone can miss paying an invoice now and then. But if you are consistently late paying your suppliers, you risk losing your credit privileges and your business may be in peril if you can’t purchases your supplies or inventory.

  1. You don’t know how much money you have coming in.  If you can’t keep track of your accounts receivables, you won’t know if people are late paying you.  Unfortunately, some customers may take advantage of this if they know they can get away with paying you late.

  1. You’ve hired an employee and need to pay them.  Once you’ve crossed the threshold of not being able to run your business on your own, you must find a bookkeeper who can take care of payroll for you.  The employee and income tax laws are generally too complex for many small business owners to handle on their own.

  1. You are having problems keeping track of your business and personal expenses.  This is a huge red flag.  If you get audited and you have not kept careful records, the government may disallow certain expenses even if they were genuinely business related.  Also, if you tend to lose receipts, you can easily miss out on business expenses that you could be writing off.

So if you have encountered any of the above warning signs, consider it time to find a bookkeeper. Imagine Solutions is here to help! Call us today for a Free Consultation! 


  1. Thanks for sharing a great information, I agree that every business must outsource a best bookkeeping services if they are having problems keeping track of business financial expenses.

  2. Thanks for sharing one of the wonderful posts. The information is really useful for me. Keep it up to do great work.

    Bookkeeping Services Fees
    Bookkeeping Services Rates

  3. Thanks for sharing informative information.Your blog is excellent and detailed . In case you are struggling with QuickBooks Errors call now at quickbooks online customer service number+1-860-474-3339 and get instant support from our experts.
    QuickBooks Customer Service Number USA

  4. Thanks for sharing an informative article, I really like the way you have described all the information. Everything is very interesting to learn and easy to understand.
    bookkeeping services Denver
    bookkeeping services Houston
    bookkeeping services Austin