For lots of really good reasons, many small companies start off doing their bookkeeping themselves yet as business picks up & the company grows, that approach becomes less and less viable.
Does this picture depict your day?
So, how do you tell when it’s time to outsource your bookkeeping?
Here are a couple reasons why you would:
- When you start noticing errors in your company’s bookkeeping, it’s time to look for bookkeeping professionals. One of the advantages of outsourced bookkeeping is that you have a dedicated person working in well-defined processes that are designed to foster efficiency & catch errors.
- If the volume of your business places heavier demands on bookkeeping. How much revenue do you really need to be doing before outsourcing is a good investment? I feel that when the annual revenue creeps up to $500,000, the bookkeeping, payroll & HR have become large enough to require significant 3rd party expertise.
- If your office space is limited. Many businesses struggle to find space to House their bookkeeping paper. Outsourcing bookkeeping can be a great way to free yourself of that burden.
At the end of the day, business owners must ask themselves whether they’re truly in control of their bookkeeping, remembering that the absence of problems doesn’t mean things are fine.
If you’re interested in learning whether outsourcing bookkeeping is a good fit for your business, schedule a free discovery session Click Here.
Thank you all for reading!
Dolly Towne, CEO & Founder
Bookkeeping Towne, LLC
Website: www.bookkeepingtowne.com
Email:dolly@bookkeepingtowne.com
Phone: (401) 474-5229
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