As a business owner, you’re likely concerned about every dollar you spend. That’s a good thing, because you should be keeping track of your income and expenses. It also means, however, that you might be less likely to hire people who can help your business, such as bookkeepers, who are great investments for any business.
So, what does a bookkeeper do? We take care of the daily financial records for your business and make sure your books balance. We create and send invoices, track receipts and reimbursements, reconcile accounts and prepare certain financial reports. All the frustrating day-to-day financial stuff that you probably dislike, we enjoy.
Bookkeepers are a great investment for your business, for a number of reasons.
We save you time
Unless you’re great at bookkeeping and really enjoy it, you may find it a headache. Chances are, you’ll put it off until it’s a massive chore to undertake and then take twice as long to do it. You’ll find it takes you away from other business tasks such as working in or marketing your business.
The time you spend trying to understand your financials could be better spent on tasks you’re good at. A bookkeeper will be more efficient, they won’t have as many errors, and in the long run can save you a lot of time and stress.
Your time—and your sanity—are worth the cost of outsourcing to a bookkeeper.
We are experts in our field
Are you up to date on the various tax laws and fully aware of how they affect your business? Bookkeepers are, it’s our job. We can advise you about any changes to the tax laws and what those mean for your business.
Bookkeepers can also provide you with insight into your company’s financial situation. If you’re overspending in certain areas or need to reallocate funds, we will be able to advise you. If there’s something you don’t understand about your financial situation, we will explain it to you, so your financial situation isn’t a mystery.
We prevent errors
Because bookkeepers are experts in their field, they won’t make the same mistakes you’ll make. Those mistakes might seem small at first, but data entry errors, mixing up expenses and income coding, and other errors can add up, costing you money.
They help you get paid. As a business owner, you might have so many other tasks that the ones that ensure you get paid like sending out invoices drop off the priority list. How many business owners can say they’ve never been late sending out an invoice, or being paid?
Your bookkeeper makes sure your bills are paid on time and all invoices are sent out promptly. If your invoices aren’t paid by their due date, your bookkeeper will be on top of it.
Is there any better investment for your business than one that makes sure you get paid for the work you do, while you are left to get on with what you are great at?