why do i need a bookkeeper?
Time is money!
Time is money that you could be using toward getting your new business running and bringing in the revenue to move to the next level.
From the time and money savings to the focus on expertise and greater cash flow, a bookkeeper makes good business sense.
- More time focusing on core business needs.
A business needs your attention to grow into a viable product or service. That means that your time should be devoted to strategy, marketing, funding, and other key areas that require your focus.
- Less time on the tedious aspects of the business.
It’s hard to imagine that the financial aspects of your business make you excited. You likely have no passionate feelings about tallying up payroll or writing checks to pay the bills.
However, your bookkeeper may enjoy those tasks, so it makes sense to hand over these areas to someone who does them — and does them well — because of that motivation.
- Work-life balance.
While you could focus on core business needs and handle everything else you won’t any time left at the end of the day or week for yourself or your loved ones. Therefore, you’ll be missing that balance everyone needs to avoid burnout.
- Stick to what you know
Do you have a background in finance or even a working knowledge of accounts payable, accounts receivable and taxes. If not, then it’s better that a professional these areas handle those aspects of the business. And you focus on the business.
- Get a different perspective on the business.
Although you may believe your business is doing well, it helps to have another pair of eyes.
We can run reports showing how you are doing each month, where the funds are going and if your efforts are paying off. You will get a “big picture” from the number crunching.
- Ensure everything is paid on time.
Between traveling, keeping your business moving forward, putting out the daily fires that pop up, and staying balanced, something most likely gets left out along the way. And that often ends up being the bills that need to get paid.
You don’t want late or forgotten payments, so put us in charge to give you the confidence that everything has been handled on time.
- Improved cash flow.
Because you are so busy, you may not realise that there are outstanding payments from your client base. Any late payments here could infringe upon the cash flow you need to keep your business humming along.
We can stay on top of this and send out reminders to make sure your cash flow remains optimal.
- Reduce the cost of financial obligations.
Although you may think you save money by doing everything yourself, the fact is that a professional bookkeeper actually saves you more. That’s because there is a reduced level of risk for human error, lack of knowledge, missed payments and tax obligation due dates, and delayed accounts receivable.