There is no doubt: it is very challenging to lead any sort of business, regardless of its size and influence. Several factors, including not circulating the same amounts of money as large businesses, understaffing, and having multiple types of work at a single job position, can turn an otherwise exciting and fulfilling experience of being your own boss into a nightmare.
To avoid all of this and to get out of your own head, it is very smart to consider rethinking whether your business is fully effective, especially with one person handling all your bookkeeping. Why outsource bookkeeping services? Let us give you a brief walkthrough.
Why Outsource Bookkeeping Services?
Remember starting your business, thinking about your responsibilities five years on from that point? Most business owners do not necessarily see themselves being their own management accountant and bookkeeper, but rather a leader, thinker, and manager. As small businesses, for instance, tend not to pay for a third-party bookkeepers whose yearly services can cost anywhere from $40k to $75k, it is easy for one to get caught up in tax form management, credits, debits, salaries, and so on, and experience plenty of hardships and headaches that come with demands of having several positions at once.
While many small businesses tend to rely on QuickBooks or other software to save money and increase revenue, there comes a point where one must decide whether they prefer to remain stagnant or elevate their business game.
This checkpoint, for small businesses, for example, is typically triggered once you start reaching $1 million in overall revenues, when you have more than 10 employees, and begin needing more intricate financial data parameters for making future decisions, etc. Status quo is never a way to go when it comes to doing business – so, what is?
Expertise Will Always Do You Good
At certain times of the year, especially during tax season, bookkeeping can become a bit of a challenge, especially if there is only one person to be held accountable in case of error. As some businesses might hire a single bookkeeper to handle payroll, it can be overwhelming for a single individual to cater to all the needs that tax season might require.
However, if you decide to periodically outsource a team of people that crunch numbers with ease rather than putting one person on the payroll, it is much more effective and business-proficient. Not to mention, this workforce brings their expertise not only through their work but also with accompanying tools, delivering pristine-quality information and keeping everything related to your money intact in the most efficient way possible.
Expertise Does Not Have to Set You Back a Ton of Money
These people can but will not be on payroll unless you wish them to be; this means spending much smaller amounts of money, and only pay for what you need. Of course, it is essential to bear in mind that they are not your own employees, but rather someone else’s workforce whose services you have outsourced. Thus, you do not have to worry about providing health insurance and benefits that come with having an extra employee working for you, resulting in much larger cost-effectiveness.
No Headaches, No Stress, Just You Investing in Your Own Time
As a thriving businessperson leading a successful company, it is beneficial to consider the old adage that time is money. As you lay off your bookkeeping responsibilities on someone else, you will find yourself moved to think of other business opportunities and ideas.
Of course, as a business-savvy individual, it is not only normal but also imperative to consider potential financial setbacks, such as hiring someone else to perform a task for you. However, elevated quality service, expertise, and strategic decision-making in outsourced bookkeeping and management accounting is nothing short of the best investment you can make in your business.
Contact us to receive a quote and learn more about our services today.
Last updated: September 2025