Are You Ready to Outsource
Your Bookkeeping?
Summary:
If you are a
small business owner, isn't it time to stop trying to do it all yourself? Think
about outsourcing this important job and free up your time to do what you do
best- run your business.
Keywords:
small business,
bookkeeper, outsourcing, entrepreneur
Article Body:
Do you run your
own small business and try to do it all yourself? Why? Shouldn’t you spend your time doing what you
do best- whether it is selling and marketing, customer service or making
decisions on how to grow your business?
An entrepreneur tries to juggle many balls each day, but sooner or later one of
them is going to be dropped. A smart
business owner will realize that he/she can’t do everything because there are
only 24 hours in a day. Unless you are
extremely organized and enjoy working with numbers, then maybe you need to
outsource this job. Too many business
owners spend their time doing what they are not very good at simply because
they don’t know how to go about finding someone to do that job for them.
Where do you start? Ask your accountant
for referrals. Obviously you don’t need
a full-time person to do your books, so your best bet is to look for someone
who wants to moonlight at a part-time job.
There are also bookkeepers with their own small business who are looking
for clients. If you don’t have any other
employees, this situation will work best for you because you can pay them as a
subcontractor instead of an employee on payroll. However, you will need to give
them a Form 1099 at year end for tax purposes. But, since they are accounting
experts, they can help you with that task too.
You should interview your prospective bookkeeper just as you would if you were
hiring him/her as an employee. Ask for a
resume and references, and check them out.
Since this person will be handling your confidential records, you want
someone who is trustworthy.
Depending on your location, you should expect to pay between $15 and $50 an
hour for a bookkeeper. Don’t necessarily hire the one who offers the lowest
rate- remember you get what you pay for.
The more experienced person will cost you more, but will provide
valuable input and suggestions to streamline your business that will wind up
saving you money in the long run.
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