As a business owner your time is valuable. You’re constantly pulled in multiple directions and so many things need your attention. Guess what gets pushed to the back? Accounting.
I see this a lot in business. The owner thinks “I’ll get to that later”, but there always seems to be something more important. Some immediate fire to put out. After a while it becomes a bigger project than you have time for so you continue to ignore it until it’s tax time or your banker needs a financial statement.
On the other hand, there are many businesses that have in-house bookkeepers. This can be a great option if the business owner understands the accounting function. They need to understand the information that is presented to them and be able to interpret the numbers. Otherwise, you could be paying a bookkeeper who is doing a sloppy job. Unfortunately, that’s a common occurrence.
So whether you’re putting off doing your accounting, or if you have an in-house bookkeeper, it’s important to remember that you need to be able to measure your goals. How do you do that without having financials to back it up? The answer… you don’t.
Another factor to keep in mind is your time. As an owner, you need to focus on the best use of your time. That is not accounting! You should focus on leading your team, prospecting, closing deals, and coming up with new ideas. Those are the activities that are going to take your business to the next level.
So, when should you outsource your accounting to a CPA firm?
You don’t have qualified staff to handle it in-house
You can’t afford a full-time employee
You need to understand what your financials really mean
You’re always caught off guard when tax time rolls around
Outsourcing is a great option if you find yourself agreeing with the above statements. You can have a high-quality result at the fraction of the cost of doing it yourself (Time is money!).
When using our firm for outsourced accounting, you get:
Financial information at your fingertips with a web-based system
Peace of mind that you have an expert supporting you and your goals
Reduced overhead and cost savings
Improved accounting processes
There really isn’t a bad time to think about outsourcing your accounting department. It’s a great option for start-ups, mid-size, and large businesses.
To learn more about how Aligned CPA can help your business, contact us for a complimentary consultation. We’ll look at your current accounting processes and show you how we can streamline the process, save you money, and give you a better result.
I help service based businesses GROW by providing coaching and growth planning services that will take their business to the next level.
I promise you, working with a CPA can be much more exciting than crunching numbers and reviewing last year’s taxes. I look at the day-to-day of your business and help you find ways to perform better, grow bigger and generate revenue with greater ease.