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How Bookkeeping Professionals Can Help You

Bookkeeping refers to the recording of all financial transactions of a company, person or organization. Transactions are sales, income, purchases and any payments received. This financial system can be categorized into two segments known as single-entry and double-entry bookkeeping. Common financial transactions that occur are: invoicing for goods and services rendered, recording receipts from clients, and verifying and processing invoices from suppliers. This includes paying suppliers too. This auditing function entails payroll, monitoring accounts receivable, recording depreciation of assets and adjusting other entries such as journals. In addition, efficient bookkeeping processes provide financial reports that are accurate.

Freelancer bookkeepers are able to analyze your spending and revenue through recording individual transactions. This allows you to evaluate and consider where any changes in spending or saving needs to be considered. A skilled bookkeeper’s handiwork allows you to compare actual results with projections in the company’s budget. Tax filing is simpler when you hire the services of a freelance accounting specialist. These accounting experts stay up to date with changes in tax laws and can find ways to reduce your tax deduction. An expert auditor checks the accuracy of the company’s payroll to ensure that each employee receives the correct remuneration each time. This function is ideal for companies that pay bonus, incentives or sales commissions. Balancing the books is best done by professionals. On Guru, finding a freelance bookkeeper to keep your business on the right side of the law is easy.

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Pay by Milestones

Milestones are like checkpoints you create to ensure you're happy with the work every step of the way. Build as many milestones into your job as you want — set a due date for each milestone and the amount to be paid.

Pay by Task

Pay for a single completed task, however big or small. Create and assign tasks for work as needed, and generate invoices from each task once they are completed.

Pay by the Hour

Track progress with ease and confidently pay freelancers by the hour. Use our TimeTracker software to see in the moment updates of work being done. Hiring multiple freelancers for your job? Stay organized with a breakdown of each freelancer's hourly rate and time tracked.

Pay Using Recurring Payments

Easily pay your go-to freelancers on an ongoing basis. Set up to four recurring payment rules for any given job — pay every week, every other week, every month, or every quarter. Stop or Resume payments at any point with just a click of a button.

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Customer Satisfaction

Based on Paid Invoices


Feb. 2019

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