A Bookkeeper Can Help Your Business Grow
Is Your Business Ready to Grow?
Are you prepared for growth in your business? Are you leveraging to your advantage the opportunities for growth? Is your business making the most of the resources available to you? To maximize your time, as well as your profits, your business can take advantage of a bookkeeper to help you stay on track financially, as well as to help you take a proactive position by analyzing your numbers. If you want to take the next step in your business, a bookkeeper can save you hours of time and help your business create a plan to reach your potential.
Here are your Top 5 signs that it may be time to hire a bookkeeper:
- A Business Partner
Do you wish you had a business partner to help with the heavy lifting? Or maybe you have a partner, but they don’t want to deal with the books… Your bookkeeper can partner with you by providing a perspective beneficial to your business. They handle a number of businesses and see what works and what doesn’t. They can help you create a financial plan and measure your actual financials against the plan, allowing you to adjust course if necessary.
By putting your business’s financials in order and by providing monthly financial packages, a bookkeeper can help you see where your funds are spent and where your efforts are paying off. Your bookkeeper provides the overall financial picture for your business, giving you the perspective to make effective decisions to increase profitability.
- Focus on Your Expertise & Allow a Bookkeeper to Run the Books
Are you enjoying the bookkeeping aspects of running your business? Unless you’re a bookkeeper, it’s likely your expertise is not accounts payable, accounts receivable, and taxes. Don’t let the hours you’ve invested in building your expertise go to waste with accounting errors. Allow a bookkeeper to apply their expertise to your business, saving you from costly mistakes.
- Spend Your Time on the Business (rather than the books)
As a small business owner, you need to focus your attention on bringing the potential of your business to fruition. You can’t afford to spend precious hours and energy on a task that your business can easily outsource to an expert. Not only do you need that time to run your business, but you’ll also need to guide your business’s marketing strategy to recruit more clients. Partnering with a bookkeeper will significantly decrease headaches while increasing your business’s profitability.
- Tax Filings
Depending on your business, your bookkeeper can help you with your estimated tax payments, corporate tax payments, 1099s for contractors, and additional filings. Whether you file quarterly or annually, your bookkeeper will support your tax filings. In addition to your accounts payable, accounts receivable, and other financials, you should find a bookkeeper who can support your business with your taxes, as well.
To prevent burnout, you, as a small business owner, should take time out for yourself and your family. In addition to outsourcing your bookkeeping, you should outsource as much as your budget allows. Then, you’ll have the mind space and heart space to pursue your real passion. Why did you open a business to begin with? It wasn’t to send invoices and pay bills. In addition to preserving your energy for your expertise, you must also preserve your energy for the things that matter in your life, friends and family, in addition to your business.