Don’t Hire an In-House Bookkeeper!

Deciding to hire a bookkeeper in-house in 2023 would be like hiring a bowling pin setter at a bowling ally; its more expensive and less effective to do things the old way. The bookkeeping profession has changed drastically over the past ten years. Leveraging technology, dedicated bookkeeping firms can now provide more accurate accounting, more efficiently, more timely, and more reliably all while being more affordable.

Collecting receipts, invoices, bills, payments, recording journal entries, calculating payroll and sales tax, the bookkeeper of old was the keystone to every successful business. Today, most of these tasks can be automated and replicated perfectly. Allowing technology to better leverage bookkeeping duties provides higher quality service while lowering the overall cost. Here are three reasons why you should outsource your bookkeeping needs to an experienced bookkeeping firm.

Outsourced Bookkeeping Firms Provide Higher Quality Work

If you were to try and hire a traditional bookkeeper today, you would find that most of them have little education and few (if any) certifications. They don’t have the accounting knowledge and understand that a CPA or MAcc Accountant would. Outsourcing your bookkeeping allows you to work with certified experts in the field of accounting. They have mastered the art of efficiently managing books so you don’t have to. The increase in efficiency allows them to do 40 hours worth of bookkeeping work in as little as 10 hours a week.

Outsourced Bookkeeping Firms are Far More Affordable

If a farmer needed some land plowed, he could hire a person with a hoe to do it in a month, or a person with a tractor to do it better, cheaper and faster in one day. A certified bookkeeping firm will pride themselves in being far more efficient with their tools than your run-of-the mill bookkeeper.

Outsourced Bookkeeping Firms Will Better Prepare you for Tax Season

Given that most traditional in-house bookkeepers don’t usually have a background in tax or accounting, there is often a breakdown in communication come tax season when a CPA asks for supporting information for tax preparation. This often leads to CPAs spending additional time and billing additional fees to business when preparing taxes. With a certified bookkeeping firm, not only do the accountants work well with your CPA, but they also have the knowledge and expertise to proactively advise on tax strategies throughout the year to reduce tax liability.