Truth in Numbers

Guest post by: Heather Villa
Become an Author

Free PDF Download
How to Read a Book in Ten Minutes a Day - By Heather Villa

Why Outsourcing your Bookkeeping Makes Cents

Many people still associate outsourcing with manufacturing or global workforces, but it is much more. Outsourcing is an efficient way to manage special projects or overflow, expand staffing resources, and grow your business. Many businesses outsource critical business tasks that require specialized knowledge such as bookkeeping.

Outsourcing your bookkeeping is an effective way to manage a business critical function without incurring the expense of full time employees. Heather Villa, CEO of IAC Professionals states “Clients have found that they save money by outsourcing bookkeeping. They no longer have the challenge of growing and running a business and managing financial records, and tax deadlines. It is far more cost efficient to pay a trained professional for their expertise rather than try to learn the task yourself or manage it haphazardly.”

In a Fortune 500 company, you are unlikely to find the CEO working in the mailroom or the Administrative Team putting together quarterly forecasts. Companies hire people to do specific jobs based on their expertise. Each employee contributes to the success of the organization by performing their specialty.

Outsourcing Bookkeeping Services Can Save You Money

Small and growing businesses often make the mistake of failing to hire help because they don’t believe they can afford it. Every business must manage a budget and no one has infinite resources. But your budget is more than the tangible dollars in the bank; it’s also the value of your time. As a business owner, if you spend 15 hours per month on bookkeeping you have taken 15 hours away from other activities. Consider this example from a solo entrepreneur:

20 billable hours per week at $100 per hour = $2000

10 non billable hours per week (bookkeeping, admin) worth $45.00 hour = $450

If the entrepreneur outsourced the non-billable tasks she would gain 10 more billable hours or $1000.00. Even after paying $450.00 for outsourcing, she gains $550.00 and is no longer burdened with a task outside her area of expertise.

“In addition to the financial gains, outsourcing your bookkeeping provides a peace of mind that the task has been expertly managed. It is a critical area of your business and a missed deadline or accounting error can be costly” notes Villa. Outsourcing your bookkeeping can be the smartest investment you make in your business.

Acting in Business - on the Financial Data!

To Tell the Truth

Why You Hate Cold Calling But Shouldn’t: The Common Myths Exposed and Truths Uncovered

How To Create A Reputation for Honesty as a Leader-Part 1

Set Us Free

Truth-Telling Game

Network Marketing? You Can Only Go So Far on "Stretching the Truth!"

#4 Reason For Business Failure

How Do I Make Sense Of My Numbers?

Honesty is Still the Best Policy

No Excuse!

Is Sales Really a Numbers Game?

What language are YOU speaking?

Knowing When to Say, “Next!”

What to write

Evidence Defeats Misbelief

Little White Lies

Warren Buffett Owner Principle #5

Are You a Salesperson? - Sales and Marketing Training

2 + 2 = 3

Home > Small-Business-Consulting > Heather Villa > Truth in Numbers > Google +

Free PDF Download
How to Read a Book in Ten Minutes a Day - By Heather Villa

About the Author: Heather Villa

RSS for Heather's articles - Visit Heather's website
Heather Villa, CEO, CMA, MBA, MSM - Heather Villa helps businesses excel. Heather delivers compelling insight to her business clients, which is drawn from her education and experience. As a perennial student of business, she has achieved numerous degrees and certifications including a B.A. in Business Administration (with a minor in International Business), a Masters in Business Administration, a Masters of Science in Management, a Certified Management Accountant designation, and an Intuit QuickBooks™ Certified Pro Advisor certification. As a business expert, she has founded several successful companies including her own consulting firm as well as the accounting firm IAC Professionals. In the capacity of business consultant or accountant she serves clients across numerous industries and in several countries around the world and is an in-demand coach in the area of productivity, implementation, and social media. She is a sought-after start-up guru with ideas and connections that turn concepts into reality. Understanding and empowering business growth is Heather's ultimate goal so it's no surprise that her educational and business accomplishments help to drive her clients' success.

Click here to visit Heather's website.

More from Heather Villa
Growing Your Business Why Separating Business and Personal Finances is Good
The Building Blocks of a Successful Company
How to Develop Organizational Culture in an EBusiness
Success Tips for Travel Writeoffs8232
How Much Does A Small Business Owner Make

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Truth in Numbers

Related Articles

Related Forum Posts

Share this article. Fund someone's dream.


Name:
Email: