Ask many small business owners and operators around Robina and Varsity Lakes, and they’ll tell you that outsourcing your bookkeeping saves in wages, overhead cost and it’s a giant step in freeing up valuable time.
For many owners, just the effort of hiring, training and managing a bookkeeper can take as much as 5 hours a week and if you’re doing the books yourself the numbers are even worse.
Spend Time on what you do best, and we’ll do the rest!”
As a business owner you understand that your time is best spent doing what you do well — working with customers, and running your business.
Do you think that you’ll lose control of your business / finances, if you outsource the bookkeeping? In a properly designed system the bookkeeper only takes over the process of tracking transactions such as sales, accounts payable and balancing the books, but only the business owner makes management decisions.
If you have great books or pretty sloppy books for the most part your customers never know. A generally accepted rule in business is to focus resources on tasks that add value to the customer relationship.
Time spent on bookkeeping problems add little or no value to your customer relationship
Books that are inaccurate or do not reflect the true health of your business provide no clue to managing your business.
Being clueless at any level about where you are making money or who is a good customer is not being in control. Cash flow is never a problem in business it is a symptom of other problems, an outsourced bookkeeper can provide the answers and you will end up with more control of your business.
Outsourcing your bookkeeper solves the problem of hiring
Good bookkeepers with knowledge of accounting software are hard to hire, expensive to keep and in some cases difficult to manage.
In most cases outsourcing will save you money as well. The most common pricing structure for outsourced bookkeeping is to charge 10% to 20% less than the current bookkeepers salary. Not only do you save on salary but also you have no overhead, management, hiring or training cost when using an outsourced service. The overall annual savings can be up to 50%.
The most successful businesses of today have gone to outsourcing and now have time and money to spend on differentiating themselves in the marketplace.The most common reasons management chooses to outsource certain business processes are to reduce operating costs, improve company focus, improve quality, free up capital, increase capabilities not otherwise available and to reduce cycle time. If a buyer cannot receive an improved economic position as a result, then it should not outsource.
The decision to outsource can be an easy one. If there is a company or individual that can do it better, faster, and cheaper than you, then you do not want to keep the work in house. Outsourcing has become an accepted business tool worldwide.
By turning over business processes to companies that consider these tasks their core competency, organizations now have the ability to become more profitable, more efficient and far more competitive by focusing on the tasks that are most important.

1st Quarter: 28/10/08

Ever thought about Starting Your Own Bookkeeping Business? 


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