Financial Services Blog

Why You Should Outsource Bookkeeping

Posted by Beth Overbey on Tue, May 16, 2017 @ 12:18 PM

Why you should outsource your bookkeeping

If you own a business, then you know that "maintaining the books" is crucial for success. Knowing the ebbs and flow of cash through your business is essential to productivity, efficiency, regulation compliance, and growth. But did you know that actually handling the bookkeeping tasks in-house is not a necessity? And especially for small businesses, it can be a burden or even a hindrance to your business' success. Outsourcing the bookkeeping function could offer an important advantage to building and maintaining a viable business and it's even easier now with so many online capabilities available.

Outsourcing

When you outsource to an accounting firm, you instantly have access to an expert who is up-to-date with accounting software, best practices, and regulatory requirements - and who knows the ins and outs of all accounting functions. It also helps to select a firm that can offer the added benefits of a CPA, so that all of your accounting tasks can be seamlessly performed with little or no effort required on your part. You get to run your business without the headache of doing your own bookkeeping and without the significant expense of hiring a full-time bookkeeper on staff.

Outsourcing with Lindemeyer CPA

Check out this list to see some of the benefits you get when you outsource bookkeeping with Lindemeyer CPA:

  • Bills are paid on time
  • Monthly invoicing is sent in a timely manner
  • Employee payroll is processed on schedule
  • General ledger entries are recorded and balanced
  • Cash flows are monitored and reported for business budgeting purposes
  • Bank account reconciliation is performed each month for accurate recordkeeping
  • Inventory is maintained and documented
  • Assets are recorded and correctly categorized

All of this is done without your time and effort expended. And the cost for the bookkeeping services is minimal compared to the cost of a full-time employee (including hiring, payroll, and benefits) because when you outsource, you only pay for the services - not all the other costs of employing a bookkeeper. That cuts down on the overhead costs of running your business.

Take a few moments to consider the huge advantage of outsourcing your business' bookkeeping tasks, and then contact Lindemeyer CPA to get more information on this valuable service.