Secondly, professional book-keepers are bookkeeping everyday, are skilled, well practiced, experienced and more than likely faster than you would be
Thirdly, bookkeepers are experienced in streamlining the bookkeeping process for you. Outsourcing your bookkeeping requirements will take away the stress and pressures of doing the bookwork, and free up your time to focus on what you do best in your business, and more importantly give you back some time that you can be spending with your family
Small business owners are always concerned about their outgoings, and the first question that they ask a prospective bookkeeper is about their hourly rate. Would it be fair to assume that the question that you really want answered is “How much will it save me to outsource my bookkeeping?”
How much it will save to outsource your bookkeeping is not a straight forward mathematical equation of bookkeepers rates multiplied by the time spent. There's other factors to consider, such as how much time will be saved out of your day. How much time will be saved knowing that the job will be done correctly, and how much stress will it save you.
Have you considered what you could be doing with the extra time that you are in effect "buying"? And is your time worth more to your business than the cost of your bookkeeper's time? All these factors are also dependant on whether you regard your bookwork, and having a handle on the financial side of your business, as an expense or an investment.
Subscribe to John's articles
