Free Yourself to Flourish by Outsourcing Financial Operations - but choose wisely!

Are you considering hiring a remote bookkeeper but afraid to trust someone who isn’t in your office daily?  I get it - the idea of handing your financial data off to a stranger sounds about as fun as going to the dentist! But as a small business owner who spent years buried under never-ending invoices and bank statements, I promise there is a better way, my friends!

Delegating your books lifts the burden so you can focus energy on the parts of entrepreneurship you ACTUALLY enjoy - like developing new offerings or bonding with customers. You started this adventure to nurture creativity and connections, not memorize tax codes and figure out how to manage your balance sheet.

Beyond regaining your sanity, here are some compelling reasons why you should consider outsourcing your bookkeeping:

1. Cost savings: Save dollars on expenses such as salaries, payroll tax, benefits, office space, and the costs associated with training and managing employees. Outsourced bookkeeping services are often flexible, allowing you to pay for the specific services you need, whether hourly, project-based, or ongoing. You can customize it away!

2. Expertise and accuracy: Professional bookkeepers LOVE to do books. They stay up-to-date with accounting regulations and best practices, thus reducing the risk of errors, improving data accuracy, and providing a higher level of financial insight.

3. Time savings: I discovered that when I owned my bookkeeping firm, my employees could run circles around an office manager or someone who does books on a limited basis.  The bookkeeper is just a phone call away!

4. Free up more time to focus on your growing business- Bookkeeping can be time-consuming, especially for entrepreneurs who need to focus on core business operations. Outsourcing frees up valuable time that can be better spent on strategic planning, business development, or customer engagement. It allows you to delegate bookkeeping tasks to experts, enabling you to focus on growing your business.

5. Strengthen Scalability:  As your business evolves - whether growth spurts or seasonal lulls - maintaining the perfect-sized in-house team to match fluctuating needs proves tricky and expensive. Outsourced bookkeeping instead offers flexible scalability to dial services up or down to fit current realities, ensuring you pay only for work being handled that month. It bends to fit your trajectory rather than the other way around!

6. Access to advanced technology and tools: We found that by updating processes, we were able to automate tasks and provide real-time financial insights. No more waiting until the end of the quarter to get your reports.

7. Limiting drama in the office - We laugh at this one, but it's true! Sometimes, having your bookkeeper and payroll manager working remotely helps to keep things moving at the office and limits drama and interruptions. Outsourced harmony!

8. Business continuity: Outsourcing bookkeeping mitigates the risks associated with staff turnover, leaves of absence, or sudden departures. Service providers have backup systems in place, ensuring the continuity of bookkeeping operations and avoiding disruptions to your financial management processes.

I know change can seem intimidating, but the right partner will make the transition turnkey. And I'm happy to lend advice anytime as you weigh options!

If you have a green bookkeeper or are considering hiring someone individually instead of a bookkeeping firm, consider having them formally trained by a professional. They can join our bookkeeper’s support and coaching group.  We are happy to train them for you! This way, they have someone to go to to ensure that your books are set up and maintained correctly.

The first step is to get clear on your bookkeeping needs and ideal outcomes. Then, we can explore fits. Excited for you! Now...what lingering questions do you have that I can help answer?

After proudly owning a thriving bookkeeping agency for over a decade, Lynn Talbott recently sold her firm to pursue her true passion - equipping other talented financial pros to discover the joys of entrepreneurship. Now as The Bookkeeping Coach, Lynn shares the systems and community support vital to maximizing career freedom without sacrificing profitability or work-life harmony. From transformational group trainings packed with actionable tactics to one-on-one strategy sessions tailored for unique goals, Lynn remains dedicated to guiding ambitious individuals towards confidently operating their ideal practices. If crafting sustainable success beyond the 9 to 5 fuels you, connect with Lynn via LinkedIn to explore customized coaching. With resilience and the right roadmap, you CAN build a business as fulfilling as it is financially rewarding! See her LinkedIn profile here.