Houston, TX (PressExposure) June 23, 2011 -- Making the choice to outsource bookkeeping responsibilities will be one of the most cost effective and fiscally sound decisions you will make as a small business owner. You cannot dispute that your bookkeeping is a very important part of running a successful business, but even if you have the expertise to manage these responsibilities on your own, you would be sacrificing time spent on revenue generating tasks in order to do so.
Employ the Best
Hiring a direct employee, full time or part time is a costly endeavor. Your time is valuable, and the time spent recruiting, screening, and reviewing candidates will be substantial. Even after all of the time spent looking for the right professional, you will likely not have the budget or the stability to attract the level of a bookkeeper that you really need. However, if you outsource bookkeeping responsibilities to a trusted online firm, you can enjoy the advantages of hiring an experienced bookkeeper without any of the time or expense of hiring, training, and ramping up an employee. You also do not have to worry about handling vacations or back fills.
Cover all Your Bases
When you outsource bookkeeping tasks, you can count on the freelance professionals in the employ of your service to manage all responsibilities, including managing your general ledger, tracking your accounts payables and accounts receivables, credit card reconciliations, and fixed assets. The professionals you have access to when you outsource bookkeeping tasks can take your books from debits and credits through trial balance, and guarantee accountability for all of their work.
Have Access to State of the Art Software
When you outsource bookkeeping tasks to a reputable online service, you have the peace of mind from knowing that your books are being kept on up to date software, such as the extremely popular and intuitive Quickbooks package. Purchasing this software on your own and hiring someone who knows how to use all of its features would be costly and there is no guarantee that your bookkeeper will not move on, leaving you with the task of finding a new employee and paying to train him or her on using the software.
When you hire a bookkeeper to work directly for you in-house, you incur the expenses of recruiting, screening, and hiring that person; paying their paychecks and supplying their benefits; and setting up a work station and are for them. In addition, whether you hire this person full time or part time, you will be paying them a bookkeepers' wage, even when they do not have enough work to fill the workweek. Bookkeeping responsibilities are cyclical, and each month has anticipated busy weeks and light weeks. If you outsource bookkeeping responsibilities, you only pay for the hours worked each week, saving you money each week that the work is light. In addition, there is no added expense for hiring, training, or purchasing supplies and equipment. Paying to outsource bookkeeping tasks costs only the flat rate to get the job done with no added or hidden expenses.