Does anyone have any recommendations for outside bookkeeping services?

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January 14, 2023

by a searcher from New York University in Los Angeles, CA, USA

Does anyone have any cheap bookkeeping services for deals that they have used in the past? We have hired some local accounts in the past, but were asking too much for simple bank recs and receipt tagging. We also posted on Upwork but had a subpar experience with one of the better options that we vetted. We don't need a full-blown accounting firm, but someone that is trustworthy and is able to cleanup easy items as mentioned above.

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Reply by a searcher
from California State Polytechnic University in San Diego, CA, USA
Hi Jules, pay now or pay later. You want a cheap bookkeeper but then you're not happy with the results. Any decent firm or bookkeeper is going to know their worth. I recommend offloading as much as you can to someone capable enough to do the work without you getting involved to get the most value. I only offer bookkeeping to my advisory clients at my firm but I can put you contact with individual bookkeepers that are US based that we've subcontracted to in the past. DM me if you're interested in an introduction.
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Reply by an investor
from Stanford University in Dallas, TX, USA
Hey, Jules! I hope you’re well! We’ve had great luck with https://032outsourcing.com/ in the Philippines. We work with one of their people for basic bookkeeping, more like data-entry. Perhaps could do higher level bank rec work but I can’t personally vouch for that. Let me know if you’d like an intro to the founder and owner, Mike Obert, a fellow EO’er here in Dallas.
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