You have done it! You started a business and now you are considering hiring a bookkeeper.
You might be asking: What benefits are there if I hire a bookkeeper? There are many such as: Would you like to have more time? Would you like your records to always be current? Would you like your records to be accurate? And is there even more than bookkeeping that your bookkeeper can help you with? Let’s consider each of these one at a time:
Bookkeepers can save you time
Time. We all have the same amount of time to spend each day, week, and year. However, we all need to determine how best to spend that time. We have found that when business owners are doing the bookkeeping themselves, oftentimes they are doing the bookkeeping in the evenings and on the weekends because that is the only time they can find to fit it in. However, hiring a bookkeeper is a way to help you to have more time available to spend on the things that are important to you. This could be to have more time to spend on growing your business, to spend more time with your children, or even to spend more time doing other things you enjoy.
Bookkeepers can keep your records current
Most business owners did not get into business in order to do bookkeeping. It is probably safe to say that most business owners don’t really enjoy doing their bookkeeping either. Because of this, oftentimes the books tend to get behind. Bookkeepers enjoy doing the bookkeeping. And they are good at it. This means that your records can always be current and up-to-date. This lessens your stress level because you know your accounting is being handled. It also means there is no big push at the end of the year or at other times when you need information about your business – because your records are always current.
Bookkeepers are accurate
Good bookkeepers keep accurate records. Consistency and methodology are important to bookkeepers. This means that finding information is much easier. A good bookkeeper will make sure that your accounting records agree with the information provided by your bank, credit card accounts, and tax records among other things. Technology can help some with accuracy, but your bookkeeper will confirm that the information in your records is correct and should be asking you questions to make sure that everything is properly accounted for.
Bookkeepers can help you with so much more than just bookkeeping
We agree that current and accurate accounting records are the cornerstone of bookkeeping because without current and accurate records the information provided is not very helpful. We like to help our clients to understand the story that their books are telling them about their business in everyday language for a non-accounting-type person to understand. Understanding your numbers is vital in order to make good business decisions. Additionally, your bookkeeper is in touch with what is going on in your business so they are also in a good position to identify areas that could be improved such as identifying when technology can help solve an issue or improve a process, or help with ideas as to where you could save money.
Now might just be the right time for you to hire a bookkeeper! Hiring an outsourced bookkeeping service is a good way to go because you can have the expertise of working with quality bookkeepers without the expensive overhead of hiring an employee.