Without a doubt, Bookkeeping is one of the most needed, but time extensive part of running a business. However, having a good accounting team in place is crucial to the health of your business finances. Wasp Barcode Technologies recently ran a study in which they surveyed 393 small business leaders on the most important aspects of running a successful business.
As you can see, accounting ranks as the top needed service. As we've discussed before, it's important to enlist a bookkeeper with an accounting degree so the finances are handled correctly.
If the books of your business aren’t accurate and attended to on a regular basis, come tax time, you're going to have significant problems.
Hiring a competent, full-time, pay rolled bookkeeper is expensive. Most companies are outsourcing bookkeeping services to teams like The Bean Counters Bookkeeping. They know that by outsourcing, they're reaping the benefits on having a professional bookkeeper, without incurring the costs involved with someone on-site.
Let's take a look at 6 benefits of outsourcing bookkeeping services.
1. Save more money
It's significantly less expensive to outsource verses shelling out a salary for an employee to take care of your books. Think about the costs involved with benefits or and spending time on the hiring process. When you outsource bookkeeping, you pay for what you need. That's it.
2. Spend less time
Bookkeeping can be tedious and time-consuming. Why not use that time more wisely by focusing on other aspects of your business instead of in the books?
3. Leverage an expert
When you hire a team of certified bookkeepers with accounting degrees, you don't have to worry about a situation coming up where they don't know what they're doing. This is an ideal way to leverage an expert without paying an arm and a leg.
4. Or, leverage a team of experts
When you work with The Bean Counters Bookkeeping, you're getting a team of dedicated pros working together to make sure your books are correct and in order. The more eyes you have on your finances, the less chance there is of errors and oversights.
5. Financial advice
Not only will a team ensure your bookkeeping won't be inaccurate, they can advise you on how to interpret reports and give advice on situations such as financing, investments, and growth potential.
6. Streamlined systems
We work in the cloud and are up to date on all of the current changes going on with accounting systems. You don't need to waste time staying on top of updates or constantly upgrading to new platforms. Of course, if you prefer to be in the know, we offer QuickBooks training to help you on your journey.
In conclusion, when you decide to outsource your business's bookkeeping, you're making a smart choice. We'd enjoy nothing more than taking some of the burden from you and handling your bookkeeping. Give us a call to see how we can make your life a little bit easier! 912-376-9918