Most business owners start out by handling their bookkeeping and accounting themselves, mostly to save money and also to ensure that they have a handle on everything that is going on in their business. But then with time comes the realisation that you do not have the time to run your business and keep the books. You obviously cannot let go of the business, so you need to get help with your bookkeeping. The only question is should you invest in outsourced bookkeeping services or hire an individual bookkeeper. Here is what we have to say on the matter.
- Throughout the Year Access– When you hire an outsourced bookkeeping service you can be sure of the fact that you will have someone working on your account throughout the year. Since you don’t have to rely on one individual, you don’t have to worry about off days and sick leaves, whereas if you hire an individual, there will be days you will have to go without a bookkeeper.
- Access to a Team of Professionals– When you hire a service, you have access to a full team of professionals with experience in all areas of bookkeeping and accounting. You can rest knowing that no matter what issue may crop up in your finances, there will be someone on the team with the knowledge and expertise to resolve it.
- Accurate Reports– Everyone makes mistakes, this is true of bookkeepers and accountants as well. When you hire an in- house bookkeeper, chances are that you do not have anyone with the skills to cross check their work. However in an outsourced bookkeeping service, there are always professionals who check the books and reports before they are sent over to you.
- Less Stress– Sure having an in- house bookkeeper is less stressful than doing it yourself, but you still have to worry about whether he/ she got it right, is available, has the right software etc. With outsourced bookkeeping services, you need know nothing. You can relax and focus on your business.