How many hours do you spend on your books? Maybe you have a good head for numbers, and you don’t mind doing it – or maybe dealing with column after column of sums is a never-ending headache. Either way, as a small business owner, you may be doing yourself a disservice by hanging onto that role. With a limited number of hours in the day, your time and energy should be focused on the work that only you can do.
Only you can determine your business’s purpose and vision.
Only you can make the “big picture” decisions that affect the fate of your company.
Only you can identify new opportunities that will take your business to the next level.
With limited time and so many important things on their plates, some busy business owners let bookkeeping slide. The result is shoe-boxes stuffed with unsorted receipts, mis-filed bills that get hit with late fees, and a constant struggle to keep cash flow in the black. Does that sound familiar?
You may be surprised – the task that’s taking you all day can often be accomplished in a matter of minutes by a professional. Most businesses only need a few hours a week of dedicated bookkeeping, which can be an affordable way to not only reclaim your time, but free you up to grow your business.
Having your books in order saves you money
Accurate financial records are crucial to the success of your business; they reflect how well your business is performing compared to the vision you have for it. They can help you spot problems, tighten excesses, and plan for big expenses. Most of all, having your books in order helps you discover where you’ve got money problems – and fix them.
Your financial records are the story of your business. Whether you’re a new business owner, have been in business for some time, or are planning to expand, this information is essential.
Hiring a professional accountant helps solve your “big picture” money problems, like:
Cash flow may be tight when it doesn’t need to be. A professional’s eye on your books can help keep you in the black.
Missed opportunities to reduce costs. A professional will help you analyze your overhead for possible savings or come up with solutions to reduce insurance and other expenses.
Poor planning decisions. Without proper bookkeeping, it’s impossible to know what aspects of your business are the most profitable, so you might not make the most ideal decisions when it comes to growth and investment.
Outsourcing your accounting frees you to do better work
Face it – things slip through the cracks when you’re trying to manage staffing, marketing, and the other day-to-day points of running a business. The phrase “time is money” is all the more relevant when you own your own business. As the owner, every moment you spend on something that isn’t actively expanding your business is wasted time, thus wasted money.
Outsourcing your accounting not only saves you money and gives you a more complete view of your business’s financial health, it frees you up to spend time growing your business. After all, your time is precious!
An accountant can help you:
Organize and set up your company’s financial records
Take care of invoices and billing
Manage your cash flow
Automate your systems to save time
Prepare financial statements
And so much more
Take back your time today! Visit Business Bookkeeping Resolution for additional information!