If you own or manage your own business, it can be difficult to learn to delegate. In fact, you may have built your success on your hard work and ability to get things done. But, as your business grows, it requires you to let go of some of the daily tasks so that you can focus on expansion, and next steps. You may wonder if it is time to hire support for your bookkeeping services. Here are some indications that it may be time to take this step:
1. Are you no longer able to keep your financial records organized and up to date? Disorganization can be a sign that you are overwhelmed with too many tasks. A bookkeeping service can keep all of your financial documents current and provide you with regular, detailed reports that help you plan for the future. If you are constantly searching for documents (paper or electronic), it may be time to hire an external bookkeeper.
2. Are you behind in sending out invoices, collecting and making payments or are you behind in payroll? Another sign that it might be a good time to outsource your bookkeeping is if you are consistently behind on getting out invoices or payroll. As you grow, this work grows exponentially, and you owe it to yourself and your employees to get the support you need.
3. Have you recently lost an employee that has provided some bookkeeping support? Many business owners struggle to decide whether to hire someone to complete bookkeeping work internally or to outsource this work. Outsourcing has many benefits and ensures that you always have a contact available to help you with your financial work when you need it. Employees can come and go and unfortunately, at times, not do the job that you need them to do. Working with an experienced bookkeeping service can solve this problem and save you money.
4. Are you spending too much of your own time on accounting and bookkeeping? You are likely pulled in many directions and may not have the time that you used to to work on your finances. This is a sign of success – and may be a sign that you need some help. A professional bookkeeping service can help you lower your overall expenses, stay current, and strategize on the big picture for future success.
Free Consultation For Bookkeeping Services
Havig Tax & Consulting is ready to partner with you if you are looking for a reputable external bookkeeping company that can take this complex task off of your plate. We offer free consultations to get to know you and your company. Call us at 763-325-4400 for more information.