When it comes to deciding on whether or not to hire a bookkeeper, we know the list of pros and cons can be long. However, doing everything on your own and not really keeping up will quickly turn your dream of owning and running a business into a financial nightmare.
And while we’re sure you haven’t forgotten, your finances are not the only thing you juggle.
So in an effort to help you save precious time on research – Are you ready for a bookkeeper? What are the reasons to hire? What are the benefits? What can you delegate? – we’ve put together this handy little cheat sheet for you since bookkeeping is totally our lane, wheelhouse and purview.
Consideration: Are You Ready?
“Do you have time to handle your bookkeeping? And no, we don’t mean, ‘Are you willing to forgo all sleep and a personal life to be able to juggle all the balls and wear all the hats?’
“As a business owner, you’re acutely aware how precious a commodity time is – and you also know that as a business owner, you’ll always be able to make time to get things done.
“So the real question is: Does this have to be something you sacrifice *insert: peace of mind, time, sleep, a personal life* for? If not, hire a professional and save your sacrifice for something else.
“And when it comes to deciding whether you can handle your bookkeeping or whether it’s better left in the hands of a professional, it’s often helpful to ask yourself some soul-searching questions.
“So join us, if you will, on a Choose Your Own Adventure, where you’ll answer four questions in order to determine whether or not you should handle your bookkeeping – or call in the professional cavalry.”
To find out if you’re ready to use bookkeeping, read more here.
Reasons: Why Hire A Bookkeeper?
“We don’t mean to brag but … we know a thing or two about outsourcing. It’s kind of our thing.
“So when we’re asked the inevitable question, ‘Why hire a bookkeeper instead of [insert: doing it myself, hiring an in-house accountant or hiring a CPA]?’ – boy, do we have answers.
“Like, endless reasons why business owners should use outsourced bookkeeping.
“But if you’re still hemming-and-hawing about why you should outsource your bookkeeping, allow us to introduce the following arguments and evidence.”
If you need more reasons to consider hiring a bookkeeper, read more here.
Logistics: How Does “Virtual” Work?
“When it comes to weighing the pros and cons of hiring a bookkeeper, we know there’s a lot to consider. The health and vitality of your company’s finances are nothing to be taken lightly, and as such, any decisions on how they’ll be managed – and by whom – are paramount.
“But your finances are not the only thing you juggle. You have a business to run, so you may be thinking that you don’t have time to figure out this “virtual” working relationship.
“Let us just suggest that you are probably more “virtual” than you think. How?
“Do you facetime with family or friends? That’s not any different than hopping on a video call with a bookkeeper to talk about month-end numbers. Do you use email, text messages, apps…? Of course you do! You are more ready to make the jump to virtual than you think.”
To learn more about the logistics of hiring a bookkeeper, read more here.
Delegation: What Can A Bookkeeper Handle For You?
“Managing money is crucial for any thriving organization; which means if you’re doing anything wrong, then you’re risking the financial health and vitality of your organization.
“There are a lot of tasks when managing finances, and they can be time-consuming, even for those who never necessarily struggled with math. Because the bottom line is that you didn’t start your business to be an accountant.”
For more on how to delegate to your bookkeeper, read on here.
When it comes to handing over the reins to something as critical to the success of your business as its finances, it’s important to do your homework.
We hope these bookkeeping CliffsNotes help to answer all your questions, quell all your concerns and inspire you to make one of the best, most rewarding decisions for your business today.
And if you still have questions, concerns or need more convincing, no worries! Contact us for even more on how a bookkeeper can help you get back to what matters most: growing your business.