How Does Outsourced Bookkeeping Work?
What kind of business do you have? Are you in the legal, software, or party planning industry? No matter what business you have, when you own a small business, you have the task of running the ENTIRE business.
As the owner, you’ve got a lot on your plate. It’s a balancing act to try and complete all of your tasks without trying to burn out. But let’s face it, it’s all too common to feel like you are working 24/7.
So how do you grow your business when constantly maintaining it and going through the motions?
You can’t. Simple as that.
It’s time to take a few things off your plate and free up some time to focus on why you started the business in the first place: to express your passions and fulfill your dreams.
Take Bookkeeping Off Your Plate
A crucial part of your business is bookkeeping and accounting, and if not completed in a timely manner or to the utmost accuracy, you face backlogs, errors, and more.
Allow a bookkeeper to handle your business bookkeeping duties and free up hours a week and days per month to focus on growing your business.
But we aren’t just talking about any kind of bookkeeper; we are here to talk about outsourced bookkeeping and how it can benefit you and your business!
What Is Outsourced Bookkeeping?
Outsourced bookkeeping, also known as virtual bookkeeping at our firm, refers to hiring a professional bookkeeper that is NOT an employee of your business or works in-house.
Outsourced bookkeeping is an affordable way to have a professional and qualified bookkeeper handle your financial tasks like invoicing, data entry, managing bank feeds, and much more.
As we said, bookkeeping is a crucial part of running your business and, if not done correctly, could cause problems and create a world of confusion.
Benefits Of Outsourced Bookkeeping
When you hire an outsourced or virtual bookkeeper (like us!), you will find that you save time and money and have a better overall picture of your business’s financial health.
Time
You will save countless hours working on the necessary tasks needed to run your business. When you do bookkeeping yourself, it’s easy to get behind and create a backlog that puts you in a position of stress and overwhelm. With a virtual bookkeeper, you no longer have to worry about catching up or figuring out what needs to be done. The time you save can be spent on growing your business or working in your zone of genius.
Money
Many small businesses can’t afford to hire many in-house professionals. Their first priority is to hire the help that is needed to get the job done.
Hiring an outsourced bookkeeper saves you the cost of paying them as a part-time or full-time employee. You won’t need to pay employee taxes, offer them benefits, or create an office space for them either.
It is a win-win all around! You’ll have accurate books and won’t have to pay for an in-house employee.
Pro Tip: Read our article, When To Switch To Virtual Bookkeeping, for further insight!
Better Bookkeeping
The last but certainly not least benefit to having an outsourced/virtual bookkeeper is the peace of mind you’ll have knowing that your business finances are organized, accurate, and ready to review at a moment’s notice.
This is extremely helpful for financial advisors, Controllers, Accountants, and CFOs when reviewing your business’s financial health and predicting future outcomes.
We recently wrote an article detailing the benefits of hiring a Controller for your business. Read about it here: Virtual Controller Vs. In-House Controller
Use Outsourced Bookkeeping To Your Advantage By Partnering With Redmond Accounting!
If you’re looking to save time and money and have better financial accuracy for your business, it’s time to utilize outsourced bookkeeping services and partner with Redmond Accounting today!
We are a 100% virtual accounting firm that offers bookkeeping, accounting, controller, payroll, CFO services, and more!
Our affordable solutions make it an easy decision to delegate some of the tasks on your plate to our knowledgeable and experienced hands.
To learn more about how we can help you, schedule a consultation to discuss your business needs!
