3 Reasons Small Businesses Prefer to Outsource Their Bookkeeping
More and more small businesses are looking to save time and money by outsourcing their books.
1. More Time to Manage What Matters
Bookkeeping is an activity not directly related to the growth of your company. This is why it is seen as a time cost for your business. Any time you spend on activities not directly related to sales may be stifling your growth.
If you are not growing as fast as you would like or struggling to keep up with the daily operations then freeing up some time may be needed. Try outsourcing your bookkeeping to a trained bookkeeping staff.
2. Cost Effective (believe it or not it costs less to outsource your bookkeeping)
The most valuable resource besides your time is your money. When weighed out most small and growing businesses prefer the time savings over a modest monthly service charge most bookkeepers charge.
Ask yourself these questions:
How much time do you spend on bookkeeping a month? Should you be spending more? Now add them together and multiply by your average hourly rate. In many cases this amount alone is more than the cost of outsourcing your books. Not to mention the lost time and other emotional consequences that come from managing your books.
3. Peace Of Mind
Rest assured that your books are accurate, timely and tax return ready at the end of the year, no last minute scrambling or paying extra to your accountant to get the work done.