Most small business owners are under an immense amount of pressure. From hiring new employees to marketing products and services, business owners tend to have their hands in several different cookie jars. As small companies start to thrive and grow, there will come a time when it will be necessary to outsource certain tasks, like accounting. When a business outsources a service, they contract an individual person, firm, or company to provide specific services for their company. This can have many benefits, from financial savings to an overall improvement in productivity.
THE TOP REASONS WHY YOU SHOULD OUTSOURCE ACCOUNTING
At A Bookkeeper 4 U, we specialize in bookkeeping services, payroll processing, and QuickBook setup assistance for small to large businesses. We understand how daunting bookkeeping and accounting can be, which is why we’ve dedicated ourselves to helping businesses navigate this tricky arena. If you’re on the fence about outsourcing your accounting needs, consider the top reasons to do so below.
Perhaps the number one reason businesses choose to outsource their bookkeeping is because they can save a significant amount of money doing so. Rather than hiring a full-time accountant for the office, sometimes it’s easier to only pay for the accounting help you need, when you need it. This means you won’t have to worry about paying a new employee a full wage, assisting with health benefits, figuring out payroll taxes, and the like.
Whether your company is looking to grow or cut back, working with a professional bookkeeping company will allow your business to scale without any risk. When you outsource your accounting needs, you’ll have much more flexibility, which can be a major benefit to young companies.
If you were a basketball player, wouldn’t you want to train with the best? When you hire a bookkeeping company to keep tabs on your business’ books, you’re partnering with an experienced professional who know what they’re doing. You’ll have immediate access to advice on financial reports and compliance standards. Not only will this give you peace of mind knowing that your accounting tasks are being done correctly, it will give you more time to focus on running your business.
Staying up to date with the latest bookkeeping and accounting technology can be time consuming. Since a bookkeeping company will already have all of the tools and technology to get the job done, you won’t have to worry about purchasing the latest QuickBooks program.
We’ve all heard horror stories about business audits. If you fail to record payroll or income tax information, it may lead to costly penalties from the IRS. When you’re faced with having to hire a lawyer to dig you out of this hole, it can put your business out of business overnight. When you leave bookkeeping and accounting tasks to an outsourced professional, it will greatly reduce the risk of these kinds of losses to your business. Some common bookkeeping mistakes and failures include:
- Misclassifying expenses
- Recording incorrect expense balances
- Forgetting to record a transaction
Free Up Time
As a business owner, you have a lot to focus on, and sometimes, bookkeeping is the furthest thing from your mind. When you decide to outsource your bookkeeping and accounting tasks, this will free up time so you can focus on running your business and promoting your products or services.
When business owners are stuck managing their accounting and bookkeeping, it can be challenging trying to meet tight deadlines. When you outsource these needs to a company like A Bookkeeper 4 U, it will enable you to streamline your bookkeeping needs within a short turnaround time.
As you can see, there are many reasons why you may want to outsource your accounting needs. Since bookkeeping can be such a tedious job, many business owners turn to companies like A Bookkeeper 4 U to manage their bookkeeping and payroll processing needs. When you work with our bookkeeping professionals, we can create your books from scratch, or simply update them when you need. We can also maintain your book full-time to take all of the hassle out of your hands. We also specialize in QuickBooks setup if you need help with that as well. If you’re interested in learning more about our bookkeeping services or you have questions about how we can help your business, contact our team today.