The best time to hire a bookkeeper is at the starting of the new fiscal year. This way, your new outsourced accounting firm or bookkeeper will have knowledge of your accounts from the starting of the year. However, if you are already late, then you can also hire a bookkeeper mid-year, that is in the 2nd quarter.
It is not preferred to hire a bookkeeper just before the ending of the fiscal year. This is not to say that the bookkeeper or service provider will refuse to work for you. But, there will be too much chaos and confusion. Take this decision early and hire at the starting of the fiscal year.

It is a myth that small and medium enterprises can lose control of the business if they outsource accounting and bookkeeping. In fact, these services will streamline your financial tasks and keep your books updated, which will give you more control than ever. You will have full knowledge of the financial status of your organization along with updated records and invoices information.

Further, most of the intricate decisions related to accounting and bookkeeping are sent to you for approval so as to achieve enhanced productivity. You can make informed business decisions based on instantly available data

An accountant is a single person looking after your accounting related activities. This person is like an employee, who brings the same responsibilities as other employees.

However, bookkeeping and accounting services include a whole package. A full team will be working for your business. The service provider will utilize their tools and technologies and hire people on their payroll. Even if any member of their team leaves, you work won’t be hindered. Additionally, you won’t have to look after payroll, deductibles, incentives, retention, etc. You will only have to pay for the services you acquire

Bookkeeping gives you a crystal clear picture of where your money is coming (and going.) When your books are up-to-date, you get an accurate measure of your business’s health and can make smarter financial decisions. Having accurate books pays off at tax time, too. When your bookkeeping is up-to-date, you avoid scrambling to get caught up before the tax deadline or missing out on any deductions.