Bookkeeping: Should you Outsource?

After providing some of the basics of bookkeeping, the next question you should ask yourself is whether this is a process you should do yourself or if you'd be better served by outsourcing this task to us.

 

Reasons to Keep Accounting Tasks In-House:

  1. You have the time, ability, and desire to do it yourself.  Even though this isn't the norm, some business owners are very good and efficient at doing their own accounting.  In fact, I've teased some of our clients that if they are ever looking to become an accountant, we'd be glad to hire them!  If operating your business isn't taking up all of your time, you might want to consider doing this yourself.  If you are a detailed person who can keep clean records, you may not need any help.  If the idea of doing this stuff after hours doesn't scare you, give it a try.
  2. You can't afford to hire outside help.  There is nothing wrong with not being able to afford this service at the current time.  Your cash flow may not be able to support the additional fees at this time.

Reasons to Hire Us:

  1. Your time would be better spent focusing on the operations of your business.  After a period of growth, you might not have the time to do these tasks any more.
  2. Your business isn't large enough to be able to afford a full-time bookkeeper, but too large to do it yourself.  Hiring a person as a W-2 employee is an expensive commitment.  It is hard to find good help for reasonable wages.  If you outsource your bookkeeping to us, you'll be investing in a professional relationship that will help free up your time for growth opportunities at a reasonable fee that will be much cheaper than hiring a full-time employee.  Don't forget about the payroll, unemployment, and other taxes that you'd be saving as well.
  3. You need someone with more accounting expertise to serve as a trusted advisor.  Let's face it, you probably can't afford to hire someone with high level accounting skills and experience at an affordable wage.  With outsourcing, you are able to only pay for the work performed instead of paying someone to browse their Facebook profile all day.  You pay for the help you need, not a warm body in a chair for 40 hours a week.

If you are interested in finding out more about our services, please contact us to see if we can help.  If you'd just like some accounting training, we'd be glad to provide that as well.  Please let us know how we can serve your needs.  Thanks for reading!