Outsourcing your Bookkeeping

Five Biggest Benefits of Outsourcing Your Bookkeeping

As a business owner, you have plenty on your mind. More than likely, bookkeeping is not high up on your list of things you want to do, but you know it’s necessary. However, what many business owners don’t realize is that, while bookkeeping is absolutely necessary, it’s not necessary for YOU or your key staff to do it. Outsourcing bookkeeping has a number of benefits. Here are five of the most important:

  • You and your key employees gain more time to do what you do best.  Unless you actually are a bookkeeper or accountant, chances are your talents lie elsewhere. So why are you wasting precious time and energy on a task you neither enjoy nor excel at? The same goes for your staff. They should be focusing on selling, managing clients, recruitment, or whatever job they were hired for. Unless you are large enough to justify a full-time in-house bookkeeper, outsourcing is your best option.
  • You’ll have the skills of an expert at your disposal. If you or one of your staff are trying to do bookkeeping on the side, you barely have the time to get the work done, let alone stay abreast of any changes in the industry or attend any training or education. When you outsource the job, you’re gaining the help of an expert bookkeeper or team of bookkeepers whose sole job it is to be educated and up-to-date in the field.
  • You save time and money. If you are doing the work yourself, you are wasting valuable time that can be better spent elsewhere. If you have hired on extra employees or are giving employees extra hours to do the work, you’re spending extra money on wages, benefits and possible training and turnover. When you outsource your bookkeeping, you pay only for what you need.
  • You gain flexibility. If you’re like many small to mid-sized business owners, you never know what next month will look like, let alone next year. You may grow, you may need to cut back. You already have to deal with the headaches that come along with that, so having a reliable team that is flexible taking care of your bookkeeping is invaluable. Whether you need more or less of their time as your business progresses, you have that option.
  • Focus. Have you ever noticed how difficult it is to stay focused on a task in the office when the phone keeps ringing, people are walking into your office and someone brings in a birthday cake for Joan’s 40th? Your staff feels the same way. Having an in-house bookkeeper means he or she will constantly be met with distractions that take away from their productivity. While there’s no way around this for most of your staff, you can remove the distractions from your bookkeeper by keeping them out of your office and focused on what they need to get done.

 

You have plenty to take care of in your business already. Remove the headache of trying to perform bookkeeping tasks yourself or saddling one of your employees with the job and look into outsourcing the job.

 

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