Bookkeeping and payroll for small businesses across central Virginia.

Call / Text: (866) 478-7426

Can I do my own bookkeeping or should I hire someone?

You can do your own bookkeeping. It’s not magic. Modern software handles the math, and the fundamentals aren’t complicated. Categorize transactions, reconcile accounts, keep records organized. Most business owners are capable of learning this.

The real question isn’t whether you can. It’s whether you will, consistently, month after month.

Bookkeeping requires regular time, not a big block once a quarter. A small business with 50-100 transactions per month needs a few hours of attention to do it properly. Skip a month and you’re catching up. Skip two months and catching up becomes a project you keep putting off.

DIY makes sense when you’re starting out with simple operations and limited transactions. You should understand your numbers anyway, and doing the books yourself forces you to look at every dollar moving through the business. This builds real knowledge about where money goes and what drives your margins.

DIY stops making sense when you’re consistently behind and can’t seem to catch up. Or when you’re guessing at categories because you’re not sure what goes where. Or when tax time is stressful because your books aren’t ready. Some owners reach a point where they’d honestly rather do almost anything else, and the work starts reflecting that.

The time cost is real. Whatever time you spend on bookkeeping is time not spent on customers, operations, or growth. What’s an hour of your time worth when you’re doing billable work? Compare that to what a Tri-Cities bookkeeper charges. For many business owners, the math is obvious once they actually calculate it.

Errors cost money too, just less visibly. Miscategorized expenses mean missed deductions. Messy books mean your accountant bills more hours at tax time. Late reconciliation means problems go unnoticed longer than they should.

There’s middle ground that works for some businesses. Some owners handle day-to-day transactions themselves and bring in help for monthly bookkeeping to clean things up and produce accurate reports. This costs less than full-service but still puts professional eyes on your numbers regularly.

The choice isn’t permanent. Many owners start doing their own books and bring in help later when they grow or when they’re honest with themselves about the backlog building up. Others hire from day one because they know they won’t stay consistent.

If you’re current and staying current without stress, you’re probably fine doing it yourself. If you’re reading this question wondering how to dig out of a mess, that’s your answer.

Greater Richmond's Small Business Bookkeeper

The Next Step:
A Short Conversation

Fifteen minutes to tell us what you're dealing with. We'll let you know how we can help and give you a clear price quote.

More Questions

Do I need to send 1099s to all my subcontractors?

Not every subcontractor needs a 1099. The $600 threshold, corporate status, and payment method all determine who gets one. Collect W-9s from subs before paying them so you have the information you need at tax time.

Read answer

My Last Bookkeeper Left My Books in Bad Shape. Can You Fix Them?

Yes. Cleaning up after a previous bookkeeper is a significant part of what we do. Misclassified transactions, unreconciled accounts, missing records. We sort it out and get you back to accurate books.

Read answer

What financial reports do contractors need to review regularly?

Job cost reports, profit and loss statements, cash flow projections, and accounts receivable aging are the essential reports. Job costing should be reviewed weekly on active projects while others can follow monthly rhythms.

Read answer

Can a bookkeeper help me catch up on years of messy records?

Yes. Catching up on neglected books is one of the most common reasons small businesses hire a bookkeeper. The process involves reconstructing transactions from bank records, categorizing expenses, and reconciling accounts month by month.

Read answer

How do I track fees from Shopify, Amazon, and PayPal?

Record gross sales and fees separately instead of just booking net deposits. Each platform provides settlement reports that break down exactly what they charged you, which you need for accurate margins and proper tax deductions.

Read answer

What is Virginia's sales tax rate and when do I file?

Virginia's sales tax rate is 5.3% in most areas, including Richmond and the Tri-Cities. Filing frequency depends on your monthly tax liability, with options for monthly, quarterly, or annual returns due on the 20th.

Read answer

Virginia bookkeeping firm focused on small businesses. Bookkeeping, payroll, and fractional CFO services from a local Richmond team. A decade of working with businesses like yours. QuickBooks ProAdvisor certified.

Client Reviews

5-Star Rated Firm

Social

  • Intuit ProAdvisor Gold tier certification badge
  • Intuit Certified QuickBooks Level 1 ProAdvisor badge
  • Intuit Certified QuickBooks Level 2 ProAdvisor badge
  • Intuit Certified QuickBooks Payroll ProAdvisor badge

© 2026 Tri-County Bookkeeping LLC