There is a long list of tasks that you could potentially outsource as a small business owner. In the early days, you might not have the funds but as your business grows and you get busier it makes sense to hand some of the work over to someone else. The question is, how do you decide what to delegate and how? If it’s a task you’re good at you could supervise an employee but that comes with its challenges. Outsourcing lets you give work to other small businesses who are experts in their field and you can do it with anything from accounting to marketing. In our (totally unbiased) opinion, here’s why you need to outsource your bookkeeping.
It helps you make business decisions
When you outsource your bookkeeping, we make it our business to keep everything up to date. If you need to know what your cash flow’s like this month, you’ll be able to tell at a glance. It also means that you’re not spending hours at a time making sure that your records match the bank statements and that you’ve got all the receipts you need. That’s time that you can spend making decisions that will move your business forward.
You get to work with experts
Bookkeepers like us spend all day, every day, looking at accounts and talking to other bookkeepers. (It’s more fun than it sounds.) We know the rules inside out and if there’s a question we don’t know the answer to, we know someone who will. When you outsource your bookkeeping, you get access to people who know the work inside out so you don’t have to.
Your tax returns will be easier
How many times have you come to file your tax return only to discover that your books are all over the place? The deadline’s getting closer and you’re working until the small hours trying to sort it all out. A bookkeeper can save you from all that because you’ll have well-organised books with figures you can type in or send straight to your accountant with plenty of time to spare.
Errors will be spotted more easily
When you check your books, you don’t always see mistakes because you know what you expect to be there. If a figure doesn’t match the receipt or your bank statement you might not notice, but your bookkeeper will. They’ll flag up anything that doesn’t make sense or that doesn’t match the documents you’ve provided so you can double-check. It lets you know that everything’s accurate.
Your bookkeeper can help you get organised
Good bookkeeping is all about setting up efficient work processes that make record-keeping easy. No one wants to wade through a pile of paper receipts, including your bookkeeper. If you can scan your receipt with your smartphone and have it automatically transformed into a digital record it makes life much easier for you and your bookkeeper will be happy too. It also means that your books will always be up to date.
When you outsource your bookkeeping to us we’ll make it easier for you to run your business. We’d love to answer any questions you have about this topic and anything else relating to your business finances. You can get in touch on our contact page or drop us a message on Facebook.