Should You Work With a Bookkeeper to Help With Your Business?

Should You Work With a Bookkeeper to Help With Your Business?

We can’t tell you how to run your business, but we can help you decide if working with a bookkeeper will help your finances. 

In the fast-paced world of entrepreneurship, many business owners rely on their own skill and drive to check most of the boxes for their growing business. In a small business, you might be the CEO, inventory manager, director of marketing, head accountant, customer support, and more. It’s unsurprising that a Gallup poll found that small business owners work more than 60 hours a week. 

If you find yourself in this category, you must be asking yourself if it’s worth it. What’s slipping through the cracks while you’re forced to wear all of the hats for your business? Is it time to start hiring out some of the work to specialists? 

4 Signs It’s Time to Hire a Bookkeeper

  1. You don’t have time. Sure, it’s common for business owners to be stretched thin, but if you’re constantly out of time and energy, it’s not good for you—or your business. Bookkeeping tends to take a lot of time, especially if you don’t have a background in math or accounting. A bookkeeping service can do the job in a fraction of the time and free up your hours for more important work. 
  2. You fall behind. Your books are only as good as the accuracy and timeliness of your data. If you’re only updating inventory or revenue, you could be missing out on red flags or opportunities that are more obvious when you have your books updated with your operating costs, assets, revenue, and final profits. Our bookkeeping experts use cloud-based QuickBooks™ that sync seamlessly so that you always know exactly where you stand, without the hours of data entry on your part. 
  3. You’re growing—but profits aren’t. Many startups and small businesses experience this strange phenomena where their sales are increasing, but somehow the profits aren’t responding accordingly. Bookkeepers make a huge financial impact on small businesses because they can see what you don’t. Using an impartial outside bookkeeper can help you identify trends and problems earlier. 
  4. Tax season is terrifying. Many small business owners keep their own books all year and then hand them off to an accountant for tax preparation, only to find that they need hours and hours of calls and emails with their accountant to reconcile incomplete or inaccurate books. Instead, our bookkeepers track your finances all year and hand off clean, accurate books to your accountant for fast and maximized tax returns. 

B&B Bookkeeping Can Help

If any of those aforementioned signs sound familiar, it’s time to receive professional help. Our trained professionals are completely remote, utilizing online options for busy business owners that allow you to focus on what matters. See what we can do for your business to keep your books in shape while you build a successful future. From Salt Lake City down to Provo, we service all of the Wasatch Front in Utah.

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