Tire dealers can gain muchfrom keeping their company finances in tip-top order at every stage of growth. Eventually,any successful small company will need either to hire a full- or part-timebookkeeper or outsource bookkeeping services.
You can track down referralsfor bookkeepers or other financial-service providers in the Yellow Pages, adsin local newspapers and business journals, or from local chapters of tradeassociations and business groups.
Generally, bookkeepers paysalaries, handle accounts receivable and payable, balance ledgers andcheckbooks and organize financial information required for business plans, loanproposals and cash statements.
Most of them work on anhourly basis; you can consult with other local business owners to determine anacceptable range of pay.
Bookkeeping servicesshouldn’t cost your dealership much, as long as you provide complete andaccurate information, maintain financial records on a computer, and keepwritten records neat and orderly.
And don’t buy financialservices you don’t necessarily need. For example, your company may need only tohave someone pay salaries and bills and reconcile bank statements. There’s nosense in paying more to have a bookkeeper handle business planning.
But once your needs becomemore complex – encompassing various services such as financial consulting andplanning, investing, tax audits and creating loan packages and businessstatements – you will want to consider contacting an experienced accountant orCPA.
Click here for more ways to boost your shop’s financial health.
– Source: Tire ReviewBusiness Toolbox
