Why Outsource
Business owners and professionals are discovering that
outsourcing your bookkeeping and accounting functions saves payroll, overhead
cost and it's a giant step in freeing up valuable time. For many owners, just
the effort of hiring, training and managing a bookkeeper or accountant can take
as much as 5 hours a week and if you're doing the books yourself the numbers
are even worse. As a business owner your time is best spent doing what you do
best - working with customers.
There is a common misconception that an owner will lose
control if they outsource the bookkeeping and accounting functions. In a
properly designed system, the bookkeeper/accountant only takes over the process
of tracking transactions such as sales, accounts payable and balancing the
books, and the business owner makes all the management decisions. The owner has
the final word on who gets paid and when.
If you have great books orunorganized books for the
most part your customers never know. A generally accepted rule in business is
to focus resources on tasks that add value to the customer relationship. Time
spent on bookkeeping and accounting problems add little or no value to your
customer relationship. Yet, books that are inaccurate or do not reflect the
true health of your business provide no clue to managing your business. Being
clueless at any level about where you are making money or who is a good
customer is not being in control. Cash flow is never a problem in business it
is a symptom of other problems, an outsourced bookkeeper/accountant can provide
the answers and you will end up with more control of your business.
Thirty five percent of America’s largest businesses
outsource their bookkeeping and accounting functions. By outsourcing you solve
this problem. Good bookkeepers and accountants with knowledge of accounting
software are hard to hire, expensive to keep and in some cases difficult to
manage. Your accountant controls the hiring process and your work is shared
with a team so that if one person leaves you will not suffer an interruption of
service. Because of new technology advances you now have the same alternative
as Fortune 500 firms.
