You are the reason your business works and your time is best spent on growing your company and improving your current systems. If you are spending a good chunk of your day trying to stay on top of your bookkeeping you are costing your business serious money.
My Bookkeeping Service Saves you Time
Time is a non-renewable resource. Every second you waste is a second you will never have back. Effective time management is one of the biggest keys to success for any business. Try this little exercise out to see if you are using your time in the best way possible:
Make a list of the top five most important tasks that need to be done in your business on a daily basis. These should be the things that literally put more money in your pocket. Now, make a separate list of the tasks you spend the most amount of time on each day.
I will wait until you actually put these two lists down on paper…
If those two lists are not identical then there is a problem with your time management. The solution is to outsource the tasks that are on the second list but not the first. If you are like most business owners then bookkeeping is certainly on the second list (or even worse it is not on it at all). Finding a service to handle this task will be a very important step in freeing up time for the tasks that actually grow your business.
My Bookkeeping Services Save you Money
Do you think is sounds a little strange that hiring a bookkeeper will save you money? Well, it really comes down to simple mathematics. There are likely two scenarios right now for how you are handling your financials. Either you are doing it yourself or you are paying a member of your staff to do it for you. Both of these cut deep into your bottom line, and I will tell you why.
If you know your business well then you will know exactly how much an hour of your time is worth to the company. As we talked about in the previous section, there are some tasks that are just more important than others. For example let’s say that when working on the most important jobs your time earns your business $125 per hour. Now compare that to the amount of money it would cost to outsource to bookkeeping services. Even if it costs as much as $50 per hour you are still making an extra $75 per hour by having someone else do it. Quit giving yourself a pay cut.
The other scenario is that you are paying a monthly salary to an employee to do the job. When you factor in health benefits and pay raises the cost can add up quickly. In most cases you can outsource this job to a dedicated bookkeeping service and save a lot of money now and in the future.
Bookkeeping Services Help Prevent Costly Mistakes
You probably know that mistakes in your bookkeeping can seriously damage your business. This is much more likely to happen if the job is being handled by someone who is not specifically trained for it. Most business owners are not bookkeepers. If it was something you loved and excelled greatly in than it is not likely you would have started your own business in the first place. The combination of inexperience and distaste for the job is a recipe for costly mistakes. Save yourself some trouble and outsource this job to someone who really knows what they are doing.
Are You Ready to Outsource to Bookkeeping Services?
Call us for a consultation.