
No matter the size of your business, keeping track of your financial status is key to knowing the health of your organization. There are several key reasons to contract a bookkeeper to take care of your day-to-day finances.
Tax preparation. Taxes are one of the most important reasons to maintain a detailed set of books. Being able to handover a complete set of reports to your accountant will make tax preparation quicker and more cost effective.
Profits. Knowing how much money your business is bringing in (receivables) along with how and where the money is being spent (payables) will help you plan, budget and market your business. That information will also allow you to establish profit and sales goals.
Expanding your business. If you are looking acquire a business loan, having current and correct financial statements is important to satisfy a lender who will certainly require them in order to evaluate your qualifications for a business loan.
Time management. The main benefit to hiring a bookkeeper is that it frees you up to concentrate on your business. If you’re a small business owner attempting to figure out the best way to keep track of your payables and receivables, you could be taking away valuable time from running your business. Throwing data into QuickBooks without knowing the key elements of the bookkeeping process can create some disastrous and confusing results.
The costs of a contract bookkeeper are reasonable and professional bookkeepers are very efficient. Having correct financial information, comparison reports and consistent data at your fingertips can increase profits and easily offset bookkeeping costs.
Even if you only have one or two hours of bookkeeping tasks a month you can benefit from using a professional and we are here to help. Big or small, we can show you the benefits and cost effectiveness of contracting with our services.
Contact us today for a free consultation.
For more information, QuickBooks has some tips for choosing a bookkeeper that’s right for your business. Click here to read.