Bookkeeping in a business firm is the basis of the firm’s accounting system. Bookkeepers are responsible for recording and classifying the accounting transactions of the business firm and techniques involving recording these transactions.
As a small business owner, you either have to set up your own accounting system or you have to hire someone to set it up for you. As a self-employed or one-person business, you will do it yourself.
If you are hiring staff and anticipate a lot of growth, you may hire a controller to handle your financial management and accounting.
If your business is going to grow but you anticipate slow growth, you may simply hire an accountant or bookkeeper to handle the accounting system.
The accountant, bookkeeper and controller all have different roles. In all of it, proper bookkeeping is very important for your business growth..
