Yes, you can handle your own bookkeeping. However, it is not recommended, especially for busy business owners who want to focus on business-generating activities. Bookkeeping is an essential part of a business, and it can be time-consuming and error-prone. If you do not have the time or expertise to do your own bookkeeping, it is best to hire a professional bookkeeper. A bookkeeper can help you with a variety of tasks, including: Recording transactions Preparing financial statements Filing taxes Providing financial advice By hiring a bookkeeper, you can free up your time to focus on running your business. You can also be confident that your financial records are accurate and up-to-date. If you are not ready to completely outsource your bookkeeping, you can consider setting up a Xero system and hiring a bookkeeper to help you get started. FastLane Group offers cloud accounting services that can help you get started with Xero, provide training on the system, and manage all receipts you upload onto the platform.