Do you need a Bookkeeper?

Take this 10 question quiz and find out.

If your business model is small and straightforward, sometimes it makes sense to just get an annual check-up around tax time for peace of mind.

On the other hand, if your business is more complicated or growing, it might be a good idea to get ongoing guidance to uproot costly mistakes and plant the seeds of savings (and sanity!) in your financial foundations.

So how do you know what kind of support you actually need for where your business is at now?

Take this quiz to find out!

What’s your business structure?

Sole-proprietor: I’m the head honcho.

Partnership: Two or more owners with varying levels of responsibility.

Incorporated: My business is a separate legal entity.

How comfortable are you with technology?

I’m intimidated by new software: I can surf the web and send emails, but I don’t like when I have to deal with program updates and learn new skills.

I’m comfortable with the basics: I’m Internet savvy and can operate basic word processing programs and Excel. I don’t need help downloading a program or finding a file on my computer, and I’m interested in learning new skills.

I love technology: The cloud has simplified my life, I’m an Excel workbook pro, and I rarely rely on tech support. New software is easy for me to navigate.

How would you describe your organizational style?

I have a shoebox that I keep everything in for my accountant.

I have a customized filing system, and I know where to find what I need. It may look messy, but it works for me.

I’m the next Martha Stewart. I have everything filed, catalogued, colour coded and indexed.

How would you describe your personality?

I’m a free spirit: I don’t stress over the details.

I like structure: I value consistency and am open to differing views and opinions.

I need to be in charge: I have a hard time trusting others to do the work right.

Are you ready to commit your resources?

My business is just starting out; I’m not even sure where my revenue is coming in from.

I’m hesitant to pay for something I think I can probably do on my own.

My business has taken off and I need to free up my time to focus on billable work.

Where do you see your business in 5 years?

This business is my side gig and I like it this way.

I’ll have a solid foundation with measurable profit increases every year.

This will be my primary source of income and I’ll be able to live comfortably off my profits.

I’ll be a go-to expert in my field with more than 5 employees and several new offerings.

I’d like sell my business for a pretty penny.

How many hours on average do you spend on your regular business activities? (Not counting the time you spend managing your own books.)

5-20

20-35

35 +

Would you consider yourself fluent in finance speak?

I have no idea what all that technical mumbo jumbo is.

I know the basics, like profit and loss, but I don’t know where the numbers come from or how to create financial reports and summaries.

I can generate my own reports and I’m able to interpret the numbers easily.

How accountable are you?

I have so much to do. I feel like I’m constantly running around, putting out fires.

I work better with deadlines; so much so that I don’t get my projects done until they’re due.

I have it all under control. I have my month-end done and it’s only the 15th.

10.

Do you have to remit source deductions and/or sales taxes to the government?

What are source deductions?

Yes

Name

Business

Time's up

Do you need a Bookkeeper?

Pin It on Pinterest