One of the best parts of becoming a small business owner is the opportunity to wear many different hats. One moment you’re an outbound sales expert, the next you’re an event planner. But one hat that you probably don’t want to wear is “bookkeeper.”
While many small business owners opt to do their own bookkeeping as a cost-saving measure, this DIY solution often ends up being more costly in the long run. If you’re not a financial expert, which most small business owners aren’t, you’ve likely found yourself spending hours of your time trying to sort out your books. This is time that could have been spent actually running your business or managing your team. In short, DIY bookkeeping stops many businesses from growing.
So what’s the solution? Well, in the words of Steve Jobs, “It doesn’t make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” In other words, hiring an outside bookkeeper could be one of the smartest moves you can make as a small business owner. Here are just six of the biggest benefits of outsourcing your bookkeeping