It’s no surprise that most business owners work many overtime hours - juggling all the aspects of managing your business. With all the customers to manage, supplies to order, and meetings to handle, one thing that you cannot afford to lose track of is the accounting and bookkeeping. Yet does it make sense to hire an employee full-time? You may only need the occasional help a few days a month or quarter. Thankfully, the option to outsource your booking exists, and here are 7 reasons why you should:
1. Tremendous time savings.
This is one of the most recognizable important benefits. Freeing up yourself from the many tasks of bookkeeping and financial management lets you focus on many other important parts of your business that require your attention. You’ll have one less thing to worry about and much less stress at the end of the day.
2. Your books will always be ready-to-go for tax season.
With a dedicated bookkeeper, you’ll always have everything in line to be filed when the time comes. Gone are the days of scrambling to get everything in order, figuring out inaccuracies, or backtracking at the last minute.
3. Pay and get paid promptly.
With so many different ways income and expenses come in and out, it’s easy to lose track or miss something. The last thing you’d want is to miss a payment to your supplier or to send out an invoice to a customer. With a dedicated bookkeeper, nothing falls behind.
4. Thorough planning and analysis.
Having a bookkeeper means that you would have the ability to project your financial health given your current business and make better decisions for the future.
5. Significant savings compared to hiring a full-time employee.
As previously mentioned, hiring a full-time employee might not be practical, especially because of the costs associated with having and additional person on-board. Additional employees can require health insurance and other benefits, as well as take up office tools, space, and supplies. This also doesn’t include the additional task of staying on top of employment laws. An outsourced bookkeeper is an independent all-in-one package that you can expect to be hassle-free.
6. Consistent work and availability.
Unlike a full-time employee, outsourcing your bookkeeping means that you’ll always have someone to address your financials at your disposal, regardless if they’re on vacation or can’t make it into the office.
7. Be at rest knowing that you have dedicated professional on your side that will get things right.
If you have only a little accounting experience or aren’t an expert, it’s likely that you would find yourself making mistakes or wasting effort on keeping your books in line. Get it right the first time and outsource your bookkeeping.
Contact Affine Finance today for a free consultation!