When planning your business you have to decide how you are going to tackle the financial records. Every business needs to have a structured method of recording the money coming in and going out the bank.
The question is whether or not you as the business owner with limited knowledge want to do this job yourself or hire the services of a professional.
If you have enthusiasm, patience, and time then your answer should be yes to doing it yourself to start with! You might also be motivated by your desire to keep your costs down.
Of course, this is just until your business grows and you find yourself running haggard trying to juggle all the different aspects - by which time outsourcing the work to a bookkeeper would be a fabulous idea!
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