Do I Really Need a Bookkeeper? 10 Common Bookkeeping Questions Answered
When you’re running a small business, every dollar counts—and every hour matters. One of the smartest investments you can make is hiring a bookkeeper. But how do you know if it’s the right time? What does a bookkeeper even do? And what’s the difference between a bookkeeper and an accountant?
Here are 10 of the most common questions entrepreneurs ask about bookkeeping—optimized for the questions real people search online when looking for bookkeeping help:
1. What does a bookkeeper do?
A bookkeeper records and organizes your financial transactions, categorizes income and expenses, reconciles bank statements, and prepares financial reports like the profit and loss statement.
2. Do I need a bookkeeper or an accountant?
A bookkeeper handles the day-to-day tracking of your business finances, while an accountant provides tax filing, high-level strategy, and compliance. Most businesses need both—but bookkeeping is the foundation.
3. When should I hire a bookkeeper?
If you’re spending more than a few hours per month on your books, falling behind, or unsure if your records are accurate—it’s time to get help.
4. Can I do my own bookkeeping?
Yes, but only if you’re confident in using tools like QuickBooks Online, understand chart of accounts, and have time to stay consistent. Errors can cost you thousands in taxes or missed deductions.
5. What is the best software for bookkeeping?
QuickBooks Online is one of the most popular and user-friendly platforms for small businesses and is recommended by DBR Bookkeeping. It’s ideal for solo entrepreneurs, service businesses, and growing teams.
6. How much does a bookkeeper cost?
Rates vary depending on your business size, complexity, and frequency of service. Some bookkeepers charge hourly, while others offer monthly packages or memberships (like the DBR Bookkeeping Online Community). At DBR Bookkeeping, we range from $300/mo to $2,000/mo depending on the scope of the business.
7. What’s the difference between cash and accrual accounting?
Cash accounting tracks money when it moves in or out of your account. Accrual tracks income/expenses when they’re earned or incurred, not necessarily when cash moves. Most small businesses start with cash.
8. Can a bookkeeper help with taxes?
A bookkeeper ensures your records are clean and ready for your CPA, which can make tax time faster, cheaper, and less stressful.
9. What reports should I be looking at?
Every month you should review your Profit & Loss, Balance Sheet, and Cash Flow Statement.
10. Where can I learn more or get help?
Join the DBR Bookkeeping Online Community for expert support, live Q&A, and a 7-day free trial. You can also schedule a FREE consultation with Dr. Bryan Raya here: https://calendly.com/dbr_bookkeeping/30-minute-zoom-consultation-call
Let’s start Doing Business Right.