Small business owners are typically fine doing their own books when they're first starting out. They learn how basic bookkeeping works and save money. But when your business starts growing and bookkeeping tasks start taking up too much time, you should consider hiring a bookkeeper.

Responsibilities and duties Manage all day-to-day bookkeeping and accounting processes, including A/P, A/R, payroll, journal entries, and bank reconciliation in QuickBooks. Generate accurate monthly financial reports, including income statements, cash flow statements, and balance sheets using QuickBooks.

Bookkeeping is definitely tedious since the bookkeeper needs to manage financial information both in digital and physical platforms, but the job becomes much more difficult if the person-in-charge is not cultivating healthy habits that allow them and their team to keep things organized.

Some will choose to simply hire an accountant to save time, but doing your accounting can provide you with more control. Some also find this to be a rewarding process. The results are in: 72% of self-employed people do their own accounting.