Did you know that more than 22% of small businesses close their doors within the first year of operation? When you’re first starting out, it’s normal to do everything on your own, but if you want your business to grow and thrive, at a certain point, you have to get help.
If you’re not ready to commit to hiring a full-time employee, outsourcing things like bookkeeping services is a great way to make your business more efficient.
Are you wondering if it’s time for you to outsource this work? You’ve come to the right place. Keep reading to learn about the many benefits of bookkeeping services for your business.
1. Helps Lower Your Risk of Errors
If you’re not an accountant by trade, it’s only a matter of time before you accidentally make an accounting error. If you don’t notice your mistake, this could lead to plenty of headaches and paperwork later down the road.
When you outsource your small business bookkeeping services, you no longer have to worry about making an unintentional error. The team of professionals you hire has checks and balances in place and they are well-versed in how to handle bookkeeping for businesses like yours.
This gives you peace of mind that everything is done correctly.
2. It’s Cost-Effective
It might sound counter-intuitive that spending money on outsourcing services will save you money, but it’s true! As the old saying goes, time is money. If you’re currently handling bookkeeping yourself, there are surely other ways you could better spend your time, to help your business make more money.
Instead of spending your time on bookkeeping, why not let an expert handle it instead so you can focus on your strengths?
Similarly, the best bookkeeping services are cheaper than hiring a full-time employee. So, you can have access to professional bookkeeping services, at the right price.
3. It Saves You Time
As we briefly mentioned above, your time is best spent focusing on your business and your customers. If you have more time in the day by outsourcing your bookkeeping needs, that frees you up to focus more on the following:
- Customer service
- Your sales pipeline
- Managing employees
- Marketing efforts
- Business operations
Just think, for a moment, about how much time you currently spend on bookkeeping efforts each month. Now, think about what you would do if that time was back in your schedule. How much more successful could you be?
4. Gives You Access to Other Helpful Services
Here at BlueFire Accounting, we offer more than just bookkeeping services. Once you start working with our team, you might realize that you need help in other areas. We’re here for you!
For example, free up even more time in your day by outsourcing your payroll tasks as well. When you find an outsourcing team you can trust, then it becomes easier to outsource more of your tasks, to give you more time back in each day.
If you hire us, our team will also be here as a resource for you, to ask questions about accounting and to learn more about the financial health of your business. We truly form a partnership with our clients to help them find success.
5. Helps You Prepare for Tax Season
One of the most overwhelming times of the year for any business owner is tax season. It’s stressful having to prepare to file your business taxes and you don’t want to have to worry about making a mistake or getting audited.
When you outsource your bookkeeping tasks, tax season goes from stressful to simplified. Our team of bookkeepers will help you prepare for filing your taxes, making sure that you don’t overlook anything.
Best of all, our team can help make sure you’re not missing out on any potential deductions.
6. Gives You Helpful Financial Reports
When you outsource your bookkeeping, you still want to be able to see important information like profits and losses, cash flow, etc. With our help, you’ll have access to robust reporting, featuring the most insightful numbers.
Never again will you have to wade through numbers trying to figure out what it all means. Instead, you can access reports and data whenever you want, even when you’re on the go.
7. Evolves With Your Business Needs
One of the best reasons to hire our team is that we’ll be here for your as your business grows. When you outsource your bookkeeping tasks with our team, you’ll have more time to focus on how to meet your business’s growth goals.
And, as you meet those goals, we’ll grow with you. Our bookkeeping services are scalable and flexible, made to grow with you as your needs evolve. Whether you’re a single-employee operation or a small business with a team of employees, we’ll be here for your business every step of the way.
8. Gives You More Confidence as You Make Business Decisions
Anytime you’re planning to make a big business decision, you’ll want to take a look at the dollars and cents behind it. When you outsource your bookkeeping, you can have peace of mind and confidence that everything is correct in your books, so when you look at them, you can make informed decisions about moving forward.
For example, you can use our reports to determine whether you can afford to hire a new employee and what kind of salary you can afford to pay them. Without our insights, you risk hiring someone you can’t afford, only to have to let them go later.
Get the Best Bookkeeping Services for Your Business
After reading through the benefits of bookkeeping services, are you ready to take the next step for your business? We’re here for you!
Book your free consultation today to learn more about how we can help you and to ask us any questions you may have. We can’t wait to talk with you.