Introduction
In the world of business, bookkeeping is a necessary evil. It's not something you want to spend your time doing but it has to be done. There is no way around it, so you have to figure out how to do as much as possible without losing any sleep! If you're anything like me, all this talk of accounting sounds boring. I never thought I would find myself spending so much time on something as mundane as bookkeeping, But once you work in business long enough, you've got no choice other than to deal with it.
Then I learned what outsourcing actually means!
Let me explain.
When you outsource your bookkeeping, it means that you're hiring a third party to do all the work for you. Since they specialize in accounting and tax preparation, they'll take care of everything! You just have to send them the right kind of information so they can work their accounting magic. They help you stay organized and compliant with the law while saving you time and energy.
Outsourcing your bookkeeping not only gets rid of that tedious part of running a business, it also saves you money. As the old saying goes, time is money. When someone else can do something for you, it makes more sense to outsource than to hire an employee on payroll.
Can You Scale for Success?
With a bookkeeping service, you can focus on growing your business and making it better. But this brings up a question:
Can you scale for success?
If you've got a one-person shop, bookkeeping is easy to do yourself. As the company grows and more workers are brought in, it gets harder to keep track of everything rather than doing it yourself. It's more efficient to use an outsourced bookkeeping service than to manage everything manually.
If you're not convinced, let me give you three reasons why outsourcing is number one:
1. Outsourcing is reliable
As anyone who has ever had anything stolen or lost can tell you, nothing beats security and peace of mind. You can rely on your bookkeeping service and know they'll do the best job possible. That's why you want to make sure they're insured and bonded before you hand over your books.
2. Outsourcing is efficient
When I first started my business, we used a lot of paper forms for our accounting — tons of them. I had to do all the work myself, and it felt like I was drowning in paper. If you're still using paper forms for your books, get ready for a shock:
Out of all the businesses currently operating in the US , less than 10% still use paper.
The rest have moved on to better systems — more efficient, cleaner and easier to manage.
3. Outsource saves you money
I saved the best for last! When you outsource your bookkeeping, it actually saves you money in the long run. It simplifies things and makes everything more straightforward; you can focus on growing your business instead of spending time on tasks that don't bring in sales.
By outsourcing your bookkeeping, you get to focus on what matters most:
Making money!
That's what it means to scale for success! I've seen other small businesses outsource their bookkeeping with good results. The owners I know who use outsourcing love coming to work knowing they can leave their bookkeeping in the capable hands of a professional.
With tax time looming over everyone's heads, it might be a good time to think about outsourcing your bookkeeping too. You don't want to lose sleep and get behind on other important business tasks! You get to sit back and watch as your books go from messy to iron clad in no time at all. Just make sure you know what you're looking for before hiring someone new.
Can You Scale for Success?
The initial work of setting up your business may require some investment (time and money), but it's often worth the effort. When you start off on this journey, it's relatively easy to handle everything yourself while continuing with your daily routine. But what happens when things change? Do you have the ability to scale for success?
Outsourcing is reliable. You can rely on your bookkeeping service and know they'll do the job right, regardless of how many transactions you process each month.
Outsourcing is efficient. It simplifies things and makes everything more straightforward; you can focus on growing your business instead of spending time on tasks that don't bring in sales.
Can You Scale for Success?
If you’re a business owner who spends too much time on bookkeeping, it's time to consider outsourcing this work.
With the help of our team at Larsen Bookkeeping, you won't have to worry about anything except growing your business!
You'll be able to focus on what matters most for your company and we'll take care of everything else. We're here for you every step of the way so that you can get back to doing what really matters - running your business. Let us handle all those tedious responsibilities while freeing up more time in your day so that you can grow your company!