Benefits of Outsourcing Small Business Bookkeeping
For small business owners, managing their books and finances can be time-consuming and stressful. Recent surveys have shown that 80% of American small business owners experience stress related to their taxes. A key part of being prepared for tax time is having a clean and organized set of books to give your tax accountant at the end of the year.
It’s no secret that business owners have a million other things to worry about aside from bookkeeping. Outsourcing to a bookkeeper or fractional CFO can be the high-impact, low-stress solution your business is looking for.
Let’s break it down!
Save Time & Resources
You save valuable time and resources when you outsource your bookkeeping and accounting tasks. Allowing someone else to take care of these time-consuming and (often complicated) tasks allows you to focus on what matters most - running and growing your business. You’ll be able to reallocate employees (or yourself) currently doing mundane, repetitive bookkeeping tasks onto more important projects that will help boost your company’s bottom line. You are professional in the products and services you provide: let professional bookkeepers handle that part of your business.
Peace of Mind & Flexibility
Partnering with a bookkeeper or fractional CFO gives you peace of mind knowing that someone else is taking care of all the details when it comes to keeping up with changing regulations, getting documents to your tax accountant on time, and making sure everything is in order.
What does this mean for you? You can spend less time worrying about compliance or oversight issues and instead focus on creating value for your customers and expanding your business. And if something ever goes wrong—like a mistake in an invoice or a missing document your tax accountant needed yesterday—you will have someone there who can help fix it before it has an impact on you or your business operations.
Another great benefit to outsourcing is flexibility; if something changes suddenly (like needing additional services leading up to tax season or an employee moving on) you won’t have to worry about finding additional staff members to fill the gap. Having an established relationship with a bookkeeper or fractional CFO (like one of our amazing Breakaway advisors) gives you peace of mind that you have a friendly, trusted partner who knows you, knows your business, and knows your community, ready to help at any time. They work hard with you and your business through every tough decision, scary moment, and professional conundrum.
The benefits of outsourcing small business bookkeeping are undeniable; more time saved for more important things, peace of mind knowing that experts are handling the books correctly, and increased flexibility should anything change suddenly.
At Breakaway Advising we understand how important it is for small business owners to prioritize their time so they can focus on what they do best - growing their businesses! Our bookkeepers and fractional CFO’s offer full-service solutions designed specifically for small businesses so they don’t have to worry about managing their books. Let us help make sure that everything runs smoothly while giving you back valuable time!