I do a lot of cold calling to hand out my business card and offer bookkeeping services. Sometimes the response is “I do my own bookkeeping” followed by this statement, “and I hate it!” This is where I come in. It’s doubtful you started your business with the intention of doing your own bookkeeping so let’s explore some reasons you should hire a bookkeeper.

1. Save Time

There is a lot of work involved in starting a business. Your time should be devoted to developing and growing your business. A bookkeeper will allow you to focus on the areas of your business that excites and motivates you.

2. Avoid Costly Mistakes

Accounting software can be easy to learn but you still need a working knowledge of accounting principles and concepts. I do a lot of cleanup and it can be very costly. It is better to have someone who took courses and is certified in this aspect of your business.

3. Potential for lower taxes

You do not want to miss out on any expenses you can claim. Missing a deduction can cause you to pay more in taxes than necessary. A bookkeeper will make sure you get every deduction possible.

4. Identify Cash Flow Issues

Outstanding payments from customers can hinder the cash flow you need to keep your business operating efficiently. A bookkeeper can stay on top of this by sending reminders and making phone calls to ensure a steady cash flow.

5. Efficiency

A bookkeeper can advise you on ways to customize your business and maximize efficiency. This could involve a third party app or streamlining processes and procedures.