Outsourced bookkeeping provides many benefits to businesses spanning several industries.
We know what you might be thinking:
“I already have a bookkeeper in-house!”
For some, that might be fine. However, other businesses may want to think about switching from in-house to outsourced bookkeeping.
Here are five reasons why you should make the switch today.
Availability
If you have full-time employees, they will have sick days and need vacation time. There’s no way to get around it.
In-house bookkeepers are no different. They need to take time off, whether it’s because they need a break from working or because they’re sick.
Unfortunately, that means that your books aren’t always being handled. Without someone in for backup, your books are at the mercy of an employee’s ability to remain available at all times, which simply isn’t possible.
An outsourced bookkeeping service doesn’t present any availability issues—with a full team handling your books, you’ll never have to worry about sick days or vacation time. You can rest assured that your books are always in good hands, 24/7 and 365 days a year.
Expertise
The expertise of your bookkeeper depends entirely on whether or not you hired the right person. The wrong bookkeeper on your staff can cause costly errors that can have serious consequences for your company.
Before you know it, you can be looking for the right hire again, only to land yourself in the exact same situation you just left.
Choosing the right outsourced bookkeeping solution means that you have an expert team of bookkeeping professionals who handle your books correctly. You also don’t need to worry about ongoing training, either—quality outsourced bookkeeping solutions keep their teams up to date with the latest bookkeeping practices and regulations.
Scalability
Are you looking to scale your business?
For most people, the answer is yes. Whether you’re a medical professional or working in the IT field, scaling a business is a primary goal for most.
Here’s the problem: One in-house bookkeeper may be able to keep up with your books now, but what about when you’ve got more income and expenses? The workload will eventually pile up to the point where it becomes increasingly difficult for a bookkeeper to manage everything effectively.
Outsourced bookkeeping services are designed to scale with you. As you grow, your service has the means to keep up with the increasing demands. You’ll never have to worry about your books—focus on growing your business instead!
Access to the Latest Bookkeeping Software
With an in-house bookkeeper on staff, the onus is on you to provide the right tools for the job—in short, you’ll need to research, purchase, and ensure that your bookkeeper understands how to use the latest bookkeeping software.
When you add this task on top of all of your current work, the process becomes a daunting one.
You can avoid this issue entirely with outsourced bookkeeping services. After all, their business is built around educating themselves on the latest bookkeeping trends, processes, and software. They’re constantly learning about new tools and implementing them whenever necessary.
Stay up to date with the latest bookkeeping software by choosing the right outsourced bookkeeping service for your business!
Lower and Predictable Expenses
An in-house bookkeeper has many more costs attached to them than just a salary. Some of these additional expenses might not come to mind, but they often cause the expense of an in-house bookkeeper to become wildly unpredictable.
Some of these costs include:
- Additional training
- Benefits
- Sick days
- Vacation time
Outsourced bookkeeping might not always be the cheapest solution available. However, what it does offer is complete cost predictability—when you choose the right solution, all of the costs are communicated to you upfront. No surprises!
Source: https://www.osyb.com/blog/small-business/5-reasons-to-switch-from-an-in-house-bookkeeper-to-outsourced-bookkeeping/