Why Outsource Your Bookkeeping

September 10, 2010 at 6:50 pm Leave a comment

Many business owners ponder over the decision of whether or not to outsource their bookkeeping. They like having someone in their office at all times, but hate the expense and paperwork that comes with having a staff bookkeeper. Alternately, business owners may make the grand error of thinking they can do their own bookkeeping. Unless they are a certified bookkeeper or a CPA they are more than likely not an expert on the matter and risk many costly mistakes. Additionally, reality sets in and they realize they just don’t have the time to manage their own books.

There are various ways that outsourcing your bookkeeping can help you and your company cut costs, perform better, and improve your bottom line:

  1. You should always make certain whomever you choose as a bookkeeper has the expertise, experience, and above all the knowledge to handle the job at hand.  Do they have memberships to some or all of the major bookkeeping organizations?  Some of the most popular are members of the American Institute of Professional Bookkeepers and/or the National Bookkeepers Association. Some bookkeepers may also be certified in QuickBooks as Pro Advisors. QuickBooks tends to be the leading software that accountants and bookkeepers use for small to medium sized businesses. By being members of these organizations, they are constantly kept up-to-date on the latest changes in procedures, policies, and law. A qualified and proven bookkeeper will develop a package that is specific to your businesses needs, industry, and size; remember, not every plan fits all companies.
  2. When outsourcing your bookkeeping, you can be kept current on all financial aspects of your business. There’s no need to keep track of numerous dates and deadlines or worry about spotting an error in your books. By having current data at your fingertips, you will be able to make better business decisions on the spot as to whether you may be able to afford that new piece of equipment, furniture or supplies that your business needs. While outsourcing with a professional you will have a peace of mind that your bookkeeping is completed accurately and in a timely fashion.
  3. Imagine no additional staff member to supervise.  Instead of watching over an employee, you can get back to running your business more effectively and efficiently. Most bookkeepers should set up a schedule with you, so you only see them once a day, week, month, or as needed to help you with your finances. The real gems will make sure you understand your finances and give advice as to how you can improve your bottom line.
  4. Avoid the worry about all the extra headaches that come with hiring one more employee. By outsourcing your bookkeeping, you eliminate the need to pay a salary, unemployment tax and providing benefits to a staff bookkeeper, which in the end saves you money and a headache.  And did you realize that paying your outsourced bookkeeper is a fully tax-deductible expense?
  5. The outsourced bookkeeper of your choice should be willing to work closely with your CPA for all year-end reporting and anything else your CPA should require.
  6. Any professional bookkeeper will take pride in building a relationship with you and continue to build your trust. After all, it is your money and business they are handling. Your books are very important and private, and with a superior bookkeeping service you can be rest assured that your company is in good hands and that confidentiality is practiced.

As you can see, there are various and credible reasons to consider outsourcing your bookkeeping with a well-qualified bookkeeping company. In fact, many clients say that outsourcing is one of the best business decisions that they have ever done and have saved them from the massive fear of closing their doors forever. If you want to eliminate the hassles of doing your own bookkeeping, consider outsourcing with a reputable bookkeeping agency today.

To find out more visit http://www.your360i.com

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Entry filed under: Bookkeeping, Business Sense, Outsourcing, Uncategorized. Tags: , , , , , .

A Few Perks to Outsourcing Your Bookkeeping

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