It’s That Time of Year When You’re Thankful For Outsourced Bookkeeping

Posted on November 17, 2015

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Instead of Stressing Over End-Of-Year Headaches, Outsourced Bookkeeping Lets You Focus on Your Business

outsourced bookkeepingIt’s almost Thanksgiving, and many Americans participate in the practice of gratitude. Whether you share your thankfulness on social media, over turkey or record it privately in a journal, you may join in the tradition of naming the people and things you are thankful for. If you are a small business owner that utilizes outsourced bookkeeping, you may be including the ability to focus on your business while you leave the bookkeeping to the experts.

The end of the year is a prime opportunity to think about what you should do differently in 2016. If you’re starting to dread rounding up lost receipts and reconciling them with expenses in preparation for tax time, outsourced bookkeeping might seem like a gift to yourself for next year. Here are a few reasons why you might want to consider outsourced bookkeeping for your small business:

Time to focus on your business: This is the most obvious reason you might want to hire out your bookkeeping. Reconciling invoices and other bookkeeping tasks can be distracting when you are trying to keep a broad view of your business and develop objectives for growth.

Saving resources: You may be paying full-time or part-time wages to an employee focused on doing bookkeeping, but you also pay for things like lost productivity and their benefits. When you use outsourced bookkeeping, you pay for the service, and nothing more.

Expertise without significant cost: You can hire an outside bookkeeper and get the benefit of a full-time, highly-skilled expert, but without having to pay the accompanying salary.

Team approach to bookkeeping: When you hire a bookkeeper on staff, they likely will not have someone else who is checking their work. However, when you use outsourced bookkeeping, you are sending your work to a team of skilled bookkeepers that have processes in place to check and double-check one another’s work.

Access to the best tools: If you’re a small business owner, it’s unlikely that you prioritize keeping the best specialized accounting software. However, your bookkeeping provider will have invested in the best software. When you outsource your bookkeeping, you are essentially purchasing not only the bookkeeper, but also the access to their tools that produce superior reporting and analysis. You also get the improved security that comes with the newest technology.

Scalability as you grow: It’s hard to hire a bookkeeper for your staff gradually. You may not be able to increase in-house bookkeeping by a few hours every quarter, but you can easily do it with outsourced bookkeeping. You get flexibility that is simply impossible with in-house bookkeeping.

If you already use outsourced bookkeeping, you are already familiar with all of these benefits, and it’s likely that you feel pretty thankful as you get to the end of the year and you’re not agonizing over bookkeeping headaches.

If we’ve convinced you that it’s time to try outsourced bookkeeping in 2016, give Bert Doerhoff, CPA, a call at AccuBiz. We provide bookkeeping services to many companies like yours, and we look forward to talking with you soon.

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Posted in: Bookkeeping