Are you running your business and keeping the books?

We understand: Being a jack-of-all-trades as a small business owner is natural. The buck must stop somewhere, after all. But if you want to grow a thriving business, you must learn to delegate some tasks, or you and your business could suffer the consequences.

Bookkeeping is one of those things that most business owners do not enjoy. Well, you do have options! You should consider outsourced bookkeeping for these four reasons:

1. More Focus on Your Business. Bookkeeping support can reduce distractions so you can focus on what you do best—running your business. Instead of being bogged down by bookkeeping details, you can tackle high-level problems, evaluate profit margins, develop relationships, and so much more. Ask yourself a simple question: Am I spending more time as a bookkeeper than as a business owner?
2. Expertise at Your Fingertips. Almost anyone can write checks and send invoices, but professional bookkeepers know how to follow best practices in the industry. They can provide trustworthy advice and help you develop accounting methods to suit your business needs. When you need a financial report or help with accounting software, you have access to a professional who knows you, your business, and the accounting industry.
3. Confidence in the Data. Bookkeeping by a third party who makes it their business to maintain high accounting standards will give confidence to you and other professionals you work with. Your banker, the IRS, and your tax accountant can trust the integrity of your data and provide you with better service because of it. Audits can be handled efficiently, with less stress on you. In fact, most accountants will handle your audit for you if you request it.
4. Cost-Effective. Have you ever asked yourself how much your time is worth? At first glance, outsourced bookkeeping seems like an extra expense. But if you think about doing it yourself or even hiring a year-round bookkeeper, the reverse is true: Professional bookkeeping can reduce overhead, payroll costs, and time spent on training and problem-solving. It can also be easily adjusted to fit your company’s needs, whether you are going through a growth spurt or a downturn, making it a cost-effective option.

Outsourced bookkeeping might be a good fit for your business. If you want to explore your options, schedule a call with Gehman Accounting for a bookkeeping consultation.