Why You Shouldn’t Hire A Bookkeeper Full time
You really shouldn’t hire a bookkeeper full time. This kind of hire eats at your resources and is not necessary. Read on to find out why
Keyword(s): hire a bookkeeper
There’s the notion that entrepreneurs work 60 hours a week, but in reality, it’s much more than that.
Many immerse themselves completely into work, which leaves them with little free time.
Are you considering hiring a full time bookkeeper to ease the burden? That’s not the best idea.
Here are some key reasons why you shouldn’t hire a bookkeeper, but instead, an outsourced team.
You’ll Save Money
When you outsource your bookkeeping services, you’ll save money in multiple ways.
First of all, you won’t have to pay a full time salary. This saves on things like healthcare and paid time off.
Second of all, a fulltime employee may have little to do in slower seasons of business. Paying someone a full time salary to do nothing is heartbreaking.
With an outsourced bookkeeping team, you can request services whenever you need them. You only pay for work they complete. You aren’t paying for hours behind a desk but actual productivity.
Speaking of desks, you can also eliminate other costs by outsourcing. Namely, work desks, computers, and excess office equipment.
You Get a Specialized Team
Instead of relying on one person for your finances, you’ll get a specialized team.
With that, you’ll have peace of mind knowing that all the responsibilities don’t just rest on one person. The people most qualified in your niche will get your work.
They’ll be able to handle more aspects of your bookkeeping and provide more detailed reports.
No Worries About Technology
With an in-house bookkeeper, not only do you have to provide them with a computer, but you also have to pay for up-to-date programs.
Most of these programs require monthly fees or high upfront annual costs.
Outsourced bookkeeping companies provide their own technology. You only have to pay for the services rendered. They handle the accounting software.
It’s More Scalable
One in-house bookkeeper can handle all your finances now.
But, can they manage the workload once your business grows and you have more clients, expenses, and employees?
Small businesses have the potential to go viral overnight. Having an outsourced team in place allows for exponential growth at the click of a button.
With outsourced bookkeeping services, you can trust the professional team to accommodate your growth. You won’t have to spend extra time or money trying to find another bookkeeper or two who can manage your finances.
It Reduces the Risk of Fraud
Having in-house bookkeepers means one or two people will handle your finances.
Should they want to siphon money from your business, it’ll be easy to hide it.
The more people who work on your records, the more checks and balances there’ll be.
Any attempt at fraud is caught right away by another member of the team who reconciles the bank account. They handle the consequences for the employee and you’re not left without a bookkeeper.
Don’t Hire a Bookkeeper; Outsource Instead
As you can see, if you hire a bookkeeper, you’ll add unnecessary costs to your small business.
By outsourcing these services, you can save money while still getting expert services. It makes your company more secure. It allows for exponential growth.
Ready to start outsourcing your bookkeeping services?
Don’t wait! Get in touch with us today.