5 Signs You Need to Outsource Your Bookkeeping

Not sure if you should DIY your bookkeeping or if you should outsource to a bookkeeper? Here are 5 signs that outsourcing a bookkeeper is the best fit for your business.

When you first started your business there were many things that you could DIY to cut costs, but as your business grows you don't have as much time available and you need to figure out where you are most valuable.

1 | Thinking about your bookkeeping gives you anxiety

If every time you open your spreadsheet or Quickbooks leaves you breaking out in nervous sweats, it might be time to reconsider. Seriously, why are you putting that stress on yourself if you can get your numbers delivered to your inbox monthly and relax knowing that it's being done right.

2 | You are only doing bookkeeping when tax season comes

Okay first off, how does this make you feel during tax season? My guess is very overwhelmed. You'll have to go back through every single transaction for the past 12 months and you probably don't remember what that Target purchase was for $89.27 on 2/27. Waiting until the end of the year not only makes it difficult to do your bookkeeping but you are probably missing out on some tax deductions. Not to mention, it's very hard to make good, informed business decisions when you don't have your numbers up to date through out the year to base those decisions off of.

3 | Your cashflow and income are unsteady

As creative businesses, most of the time, your income month by month is inconsistent. Hiring a bookkeeper when your income is inconsistent might not be your first reaction. However, a bookkeepers is able to spot trends in your business that will let you be able to plan for those lower months.

4 | You are about to make massive growth in your business

If you are in a season where you are about launch a new product or service, convert to an agency model or really just getting ready for growth. Having a bookkeeper on your team provides you with the clarity you need in order to know where to focus your time and money in your business to hit those goals and dreams you have.

5 | Your sales are good but your bank account isn't

Do you ever get to the end of the month thinking things went well, only to open your bank account and wonder where all your money went? You need to be able to tell where you money went. Living in the unknown is very hard for you to be able to plan for your business.

As you continue to grow you business, DIYing things is actually costing you and holding back growth. At some point, it will be time to outsource your bookkeeping. If you said yes to any of these signs, it's time. 

Our monthly bookkeeping services provide our clients with the clarity they need to make informed business decisions that will propel their business forward. And the best part? You don't even have to do it. Click here to learn more or contact us today. 

Still thinking DIYing is best for your business? Check out the DIY templates in our Marketplace.