Performing bookkeeping tasks requires an understanding of what needs to be accounted for and how to categorize financial activities such as accounts payable, accounts receivable, and business expenses.
You may start out with a do-it-yourself approach, incorporating the use of a general-use software package such as Wave App, to facilitate your accounting and reporting needs. Taking that route would include some level of training, to get the most from the use of the software.
Another alternative is to outsource or hire an accountant or bookkeeper, who can manage the books for you. Many small business owners feel they need to hire an employee, but consider outsourcing before you truly realize the amount of time it takes to do your bookkeeping. Outsourcing has many benefits and is typically the “best option” before hiring staff.