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4 Essential Bookkeeping Services Your Business Needed, Like, Yesterday

All of the bookkeeping services.

There. This article is done. EASIEST ONE I’VE EVER WRITTEN.


(Got this one here)

Seriously, though. You need all of it. And, I mean it. If you’re going to start a business, don’t half ass the bookkeeping.

I say this from experience.

From just over 11 years of owning a bookkeeping company, I can’t tell you how many times I’ve seen the books being done, as an afterthought, in the basement, at the end of long, poorly lit corridor, in a room with one barely flickering florescent bulb, by the lowest paid person in the company, sitting on an overturned bucket, using an old cardboard box as a desk… You get the point, yes?


(Got this one here)

One example of this that comes to mind is back in 2006. I was doing a conversion to QuickBooks for Mac and was sitting with the receptionist, who was also the bookkeeper. Now, I have NO problems if someone is hired on as a receptionist AND a bookkeeper, but more often than not, it doesn’t work out like that. “Quickbooks a plus” is something I’ve seen too many times in job postings.

In this particular case, she had been given next to no training, didn’t bother to really try to figure out the way to do things properly, and mostly likely didn’t have time anyway. The books were an absolute hot mess. (The direct result of the aforementioned lowest paid, basement-dwelling, cardboard-box-desk-having, untrained employee being assigned the task of keeping the books). The one thing I remember most is going through a bank reconciliation with her – she had checked off everything in Quickbooks, everything on the statement, but the difference on the screen in Quickbooks didn’t say zero. When I asked her: “Now, what would you normally do?” She said, “Oh, I just hit enter enter enter enter until all the windows stop popping up.”



(Got this pic here)

What do we do in these situations? We either take the time to train that employee properly, or we talk to the owners and explain that we can take on these tasks and get them done much more efficiently (and give them solid numbers to make decisions about their business!), so that their employees can focus on doing stuff that will, you know, help make them money.

The Bookkeeping Services You Need ASAP

So here are the bookkeeping services your business needed, like, yesterday.

  1. Accounting program setup. Don’t do this yourself. Doesn’t matter what program. (I happen to like QuickBooks). Find someone that knows their stuff and have them set it up and show you how to use it.
  2. Payroll setup. Unless you’re intimately familiar with payroll laws and compliance, just no. Pay a professional. If you need more persuading on this point, please read my last article about paying penalties.
  3. Sales Tax Setup. Please see #1 and #2. See how this works?
  4. Figure out what you DON’T WANT TO DO and then pay someone else to do that. Trust me on this one. If you don’t mind creating the invoices, but aren’t good at applying the payments from customers? Pay someone to do that. If you’re cool with paying bills online through your bank website but REALLY bad at entering them into your accounting system? Pay someone to do that. If you can manage to get your employee’s paychecks done on time, but keep forgetting those pesky liability payments? Pay. Someone. To. Do. That.

That last one might seem a bit, oh, nebulous? It is, until you start working with someone that will help you figure all of it out. It’s also the first step in getting some procedures in place – before you need them – that will alleviate any growing pains.

Now, I bet you’re thinking to yourself, “Gee, self, yes! But where do I find someone to do this? Whatever shall this relationship look like? How much is all of this going to cost me??”


(I got this pic here)

How to Find Your Bookkeeper

There are a few ways to find a rockstar bookkeeper. Since I think that everyone should be using Quickbooks Online, you could start with and search for someone in your area. If you belong to a local business group or chamber, they usually have a list of members and I would bet money there’s at least one in there that does this stuff – and if not, then another member will know of one. Or ask around to other business owners or your tax preparer and see if they have a recommendation. If you belong to an online forum specific to your industry, ask that group if they can give you some referrals; these might be best, because they’ll have experience in your industry.

What the Relationship Should Look Like

As far as what the relationship looks like, that is really up to you and the person or company you hire. (I’ll be giving more specifics about what this should NOT look like next month.) The two most important things are that you should trust this person and feel comfortable with them. You want to make sure that it’s a good fit for both of you. At Kildal Services, we have a very specific process that we go through before we take on new clients, to make sure that everyone is cool with each other. We have some clients that we are in contact with via text or email almost every day, and some clients that we only hear from every few weeks.

Regarding pricing – everyone does this differently. We have what we call Base + billing for our bookkeeping services; it’s a la carte pricing, but we also provide custom pricing as well. Regardless, unless it’s data clean up, our pricing is always flat fee. Some others, like my friend Laura Redmond, offer set package pricing and others will charge by the hour.

Once you determine who you want to work, what you want or need to do, and the stuff you need or what THEM to do, you’ll be able to develop specific systems to run your back office. Systems that need to have 3 attributes in order to facilitate the growth of your business: they need to be repeatable, they need to be trainable and they need to scalable. Which is an entirely different article…

See? You do need all of the bookkeeping.

Stacy Kildal

Stacy Kildal

Contributor at Fundera
Stacy Kildal is owner/operator of Kildal Services LLC—an accounting and technology consulting company that specializes in all things QuickBooks. In 2012 & 2013, Stacy was named one of CPA Practice Advisor’s Most Powerful Women In Accounting. Stacy is one of the three hosts for the QB Show and has also been featured frequently on Intuit’s Accountant Blog, Community "Ask the Expert" forums, at various Intuit Academy To Go podcasts, as well as hosting a number of Intuit Small Business Online Town Hall sessions. She is a big fan of working mobile and has been recognized by Intuit as being an expert on QuickBooks Online, having written Intuit’s original courses for the US, Singapore and Canadian versions.
Stacy Kildal