Managing finances for your business isn’t always a walk in the park. Sometimes it’s the opposite. As a business owner, you should think about when is the right time to get help. Keep reading to see if any of these apply to you!
- You have a growing pile of business receipts and inputting them is the last thing you want to deal with.
- Categorizing your business expenses gives you a headache.
- Rather than keep receipts, you use your bank statement to track your business transactions.
- You want to save more money on business expenses.
- Regularly tracking all the paperwork for your business (i.e. following up on invoices due, filling out and submitting payroll docs), make your eyes cross.
- Every year during tax season, compiling the business statements for your accountant is a royal pain in the butt!
- When asked how much inventory your business had at the end of last year, you give your accountant your best “guesstimate.”
- You save money by doing your own bookkeeping, however, you end up spending AT LEAST 5+ hours each week by DIY.
- You are starting a new business and want to get your paperwork & record keeping started off on the right foot, but feel overwhelmed about all the things you have to do.
- You want to see the bigger picture of your business finances and be more strategic, but don’t know where to start.
If you said ‘YES’ to 3 or more of the statements above, you should consider bringing on extra help to keep your business transactions & paperwork buttoned up. Though there is a cost associated with hiring a bookkeeper, there is nothing like the peace of mind you will get knowing that your records are current and in order, without having to figure it out on your own.