There are so many reasons to hire a bookkeeper! Here are my top ten favorites.

1. Be in Compliance

Many business owners see accurate, timely filings as a must. They are a basic, non-optional cost of doing business. Not having an expert handle your filings is risky. You also need to understand what to file. Bookkeeping is a full-time job! Most business owners lack the time to track the ever-changing rules and tax laws.

2. Increase Tax Savings

Bookkeepers know how to record company parties and personal vehicle mileage, for example. You may be missing out on significant tax deductions.

3. Financial Health Check-in

Knowing your profits and which products are selling best is vital. So is comparing this year’s margins to past ones. This info can help you decide on hiring and marketing budgets, for example.

4. Get Time Back

You spend your time scanning receipts, categorizing transactions, and paying bills.  Instead, you can meet new customers, promote your products, or take a vacation.

5. Network of Resources

They know tax preparers, CPAs, attorneys, business coaches, and financial advisors. Their network is your network. A shared language with your CPA or tax preparer boosts the quality and accuracy of your tax returns. It also makes quarterly tax estimates easier to navigate.

6. Support with Funding

Lenders and investors expect to see professional financial reports on a regular basis. Bookkeepers provide clear, consistent, comparative reports. They can also answer any questions from your lenders or investors.

7. Business Guidance

You’ll get the best advice from the people who work with other businesses like yours. They know the most common POS platforms, mileage apps, and payroll systems. They also know how to connect them to your accounting software.

8. Cost Savings

Hiring an efficiency expert for your team pays for itself. Bookkeepers excel at streamlining processes and developing checklists, so things get done.

9. Cash Flow Analysis

Avoid surprises and know your financial position before it’s too late. Get cash-flow statements and forecasts so you can plan ahead. Bookkeepers can time invoicing and bill payments to help with cash flow.

10. A Business Partner

An impartial ally, your bookkeeper offers vital support and financial insight. The information bookkeepers provide is consistent, clear, and relevant. Being able to make informed decisions makes you a better business owner.

A bookkeeper is a great return on investment saving you time, money, and stress. Get in touch with us today and learn more!