Hiring an accounting professional for your business can be quite challenging if you do not know the principles of accounting yourself like any other layman. This is especially true for small business owners who have to decide whether they need someone who can analyze numbers and create a budget for them, or they simply need someone who can data enter the bills and invoices.
If you already have someone who can understand the numbers or you have a strong accounting and management background, then a data entry person will suffice. However, if you do not understand the basic principles of accounting, then it is better to hire someone who will play a more important role. In this case, you have to hire someone who has a full charge bookkeeping and accounting experience. They should have the ability to reconcile the balance and perform a monthly closing. Usually, bookkeepers do not have the skills required to help you with financial management other than making accurate financial reports. In this case, you will need a person with a strong financial background who has studied accounting and budgeting and can help you with the complete financial management of your business rather than merely bookkeeping activities.