You may look at the title of this blog and see just one more business expense. But there are so many advantages to hiring a bookkeeping service and one of them, you’ll be pleased to hear, is reducing your costs.
But hiring a bookkeeping service that delivers is what you’re after. So, this post is about what to look for in a bookkeeping service for your business that gets the job done and takes the books off your hands.
While some people may be more comfortable with having an in-house bookkeeper on staff, the truth is that this isn’t always the most advantageous option. For starters, most employees worth their salt are loyal and an in-house bookkeeper is just as susceptible to seeing the financial outlook through the lens of loyalty as anyone else on staff.
An outsourced bookkeeper has no emotional skin in the game. They’re more likely to be clear-eyed and up front about what’s going on with your business. They’re not going to tell you everything’s hunky dory when it’s not.
A supportive bookkeeping service will give you the straight goods.
Conflict of Interest Headed Off
When a business is launched, it’s often one of the principals who takes on the books. But is that the best idea? When the financial backbone of the company is in the hands of a vested interest, there may be trouble ahead.
Hiring a competent professional outside the organization avoids the possibility of conflict of interest when it comes to accurate record-keeping.
Professionalism and Experience
Unless the principals in your enterprise have the relevant experience in audits and accounting, you’re probably not going to be as confident putting the books in their hands as you might be putting them in the hands of an external professional.
Be on the lookout for services which have experience relevant to your company but be sure that the service is recommended by your contacts. It’s easy enough to find out if the claims made by bookkeeping services are on the level or not.
You’re looking for relevant experience, coupled with professionalism and superior skills which can help take you to the next level.
As we pointed out at the beginning, it may seem counterintuitive to suggest that an outsourced service is going to save you money. But it’s true.
Nascent or established, all businesses seek to keep a lid on overhead (and human resources are just that).
An in-house bookkeeper doesn’t just draw a salary, there are also benefits to consider. An outsourced professional will charge according to the work done.
Starting in-house, all relevant documentation can be collected and handed off to an external bookkeeping service. You spare your human resources and your budget for other business needs when you choose to hire a bookkeeping service.
Norton Financials takes the books off your hands. Our professionalism and experience keep your books compliant, accurate and responsive.
Contact us. Discover the bookkeeping service that keeps your financial ducks in a row.