Look familiar? We've all been there - too much to do and not enough hours in the day to do it all. You work hard to run your business, but is your business running you down? If so, it may be time to stop juggling so many hats, and consider hiring a Bookkeeper.
But what about the cost? Well, here are some things to consider:
How much time do you spend each week on bookkeeping?
What other things you could be spending your time on instead?
How confident are you that your books are accurate, and up to date?
Are you getting the information you need to make proactive decisions?
Are you constantly playing catch-up?
Have you ever missed an important filing deadline?
Have you ever paid penalties and interest due to errors?
How big is the pile of Invoices, Receipts, and other paperwork that you keep pushing aside for later?
Are you hand-writing checks to pay Vendors?
If you have Employees, how much time do you spend tracking and approving hours for payroll?
Are people telling you that you're really hard to get a hold of?
Does it feel like you spend more time putting out fires than focusing your efforts on growing the business?
It's quite possible that doing your own bookkeeping is costing you more than you think.
Now consider these benefits:
If you're not confident in your books, hiring a Bookkeeper will get things on a better track. A Bookkeeper can get more work done faster, and more accurately, than you can because this is what they excel in! You may dread sitting down to slog through the entries and reconciliations, but a Bookkeeper lives for this type of routine and for making all the pieces fit together. You'll have peace of mind knowing that a professional is recording your revenue and expenses properly.
Your CPA or Tax Accountant will thank you. A clean set of books makes tax time a breeze, and saves you from the additional costs that their office would charge for clean up prior to tax filing. Many CPAs charge between $150-$400 per hour! Too many business owners make the mistake of carrying in the big container of records during tax season, expecting someone to re-create an entire years' worth of activity just to do the tax reporting. This can take several days - just imagine that bill!
Having more time to see the bigger picture, and to review the reports regularly, would allow for better decision-making. You'll have a chance to be more proactive instead of just being reactive.
Hiring a Bookkeeper allows you to refocus your efforts on things that will build your business. Spending your time on bookkeeping means that you're missing out on other opportunities for growth. For example, your reclaimed time can be spent on professional development, networking and marketing, meeting with existing and potential clients, giving your staff more attention, or even taking a much-needed break.
Oh, and one last thing - The cost to your business for Professional Bookkeeping Services is 100% tax deductible!
So now just take a moment to weigh the pros and cons of doing things yourself vs. getting some assistance. We're here when you're ready to free yourself from the bookkeeping.
Stop struggling alone! You've got a Team now, and we're here to help!
