Do I need to hire a bookkeeper?

It boils down to how much you know about accounting, or in short the debits and credits in the General Ledger, where your assets and liabilities of your business is concerned. If you are just talking about your bank accounts, the cash deposits and disbursements, then you can probably do it yourself without a bookkeeper. But when it comes to identifying the type of payouts, and you need to know whether it is an asset or an expense, it is definitely better to hire one.

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