You seem to have less time for working in your business, and more time is spent on tedious admin. But when is the right time to outsource your Bookkeeping ?
Do you need……
1. To focus on your core business, and devote your time to strategy, marketing, funding and daily operations.
2. A background in finance to ensure that no mistakes are made that will cost you money.
3. A work-life balance, where presently you are taking hours to learn and perfect bookkeeping. Outsourcing this area will give you back hours.
4. A bookkeeper. You may think DIY is saving you money, but a qualified bookkeeper is more time efficient than you, accurate and as a bonus brings expert knowledge to cash flow management and tax management.
5. Help to manage your cash flow, by ensuring payment are timely, and that your sales = money in the bank account.
And lastly, consider the Opportunity cost of the time you have freed up, the time can be better spent on growing your business or with family and friends.
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