Even the most frugal of us eventually admits that you get what you pay for. You could be talking about landscaping your own backyard, performing routine maintenance on your car, or balancing the books for your business. In the end, it all boils down to the fact that leaving certain duties up to the professionals is the only viable option if you want something done right. Worried that your less than adept skills at accounting could earn you a big fat audit from the IRS? You should be. The best way to avoid it? Follow the lead set by others in your field and outsource bookkeeping services to a company that knows what they’re doing.
When we say you won’t regret it, we’re not just talking about not having to deal with unpleasant IRS inquiries and needing to explain your every financial action while under a microscope. We’re also talking about the potential monetary savings that you could reap as a result of outsourcing. Think about it. If you’re not able to run your business and keep up with your own bookkeeping, you’ll have to hire someone to do the job—and the fact is, bookkeepers for small businesses take sick days and vacations like anyone else. Sure, the people who support you at a third party accounting service do the same. But when they do, there’s always someone else in place to take over their duties. Considering that in order to put that kind of contingency plan in place you’d have to hire at least two employees to cover the duties of one, you’re already saving money.
Some people view it as a sign of surrender to outsource bookkeeping services, much the same way as the amateur landscaper and car enthusiast feels they’re throwing in the towel when they bring in a professional to take over the job. But looking at it from a purely practical perspective, it’s the only move that makes sense for a growing business.
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