When Is It Time To Get A Bookkeeper?

As a small business owner, you have a lot of irons in the fire. You are in meetings, conversing with clients and customers, maybe developing new products and services, working on your marketing and trying to budget everything – while attempting a personal life. It feels like your business is getting to its critical mass for you, in that you don’t have any more time in the day. What can you delegate that will free up your time that could benefit your business? May we suggest a bookkeeping service?

You may be at the point of asking yourself, what benchmarks denote that its time to look into getting a bookkeeper?  

You are overwhelmed.
Plain and simple, if you have too much to do already and not enough bandwidth, this is something that can affordably be delegated and done correctly for the benefit of your business and sanity.

You need to hire staff or additional staff.

There are a lot of moving parts when it comes to your books, payroll and tracking it all. When that many other people’s livelihoods are at stake, it is important to make sure your bookkeeping is done right.

You are earning business revenues.
All revenue can absolutely benefit from a second pair of eyes. When you are spread too thin, some things can fall through the cracks.  Outsourcing your bookkeeping can help give you back your time and catch things before they start to fall through any cracks.

You are requiring more elaborate financial reports, especially for data-based decisions.
When you have several employees and good money coming in, its time to up your game.  When a growth stage is imminent after you have hit a combination of these other benchmarks, there is no time like the present to have a person or team dedicated to getting you the sophisticated financial reporting you need to take your business to the next level.  While bookkeepers do not offer advice, they can provide the data and metrics you need to collaborate with your board members and teammates to make profitable decisions.

Which of these bullet points hit home for you? Any of the four? Drop us a line and see where we can help!