Ways to save on accounting and bookkeeping costs.

Having a good bookkeeper is key to helping you or your business function more efficiently and cost effectively. Costs for bookkeeping will depend largely on the types of service you require. There are a couple of basic rules that will help you keep bookkeeping costs to a minimum:

1. Keep clean, clear, accurate records. Bookkeepers generally charge by the hour. The easier it is for the bookkeeper to read and understand the information you bring in, the quicker the service will be performed. Find out what you can do in advance to make the work easier.

2. Use an automated system for record keeping. The goal is to make your or your company's information as accessible as possible. Computerised systems allow you to pass information back and forth quickly and easily.

4. Be prepared. In advance of your scheduled meetings with your bookkeeper, write down as many of your questions that you can think of. You will want the meeting to be organised and flow smoothly and take notes so that you will remember details.

5. Billing. Ask for a detailed bill by type of service you receive including time and billing rates. This breakdown will give you an indication of areas where you can save money.