Things get in the way. We get busy. And it’s a lot easier to put off bookkeeping and prioritize content creation, client work, or anything else instead.
BUT (you knew that was coming) what is the benefit of doing your bookkeeping 20 days after the end of the month? Or two months later? Or once a year?
Sure, your books will be in order for taxes. But what about all the data you’re missing out on?
There’s so much more to bookkeeping than tax compliance. How will you know which of your offers did best? Or that your profit percentage has increased by 10% since the previous month? Or that you went over what you were expecting in expenses? These, along with a ton of other helpful data, are hidden in your bookkeeping. The secret to finding them is doing the books (OR having a bookkeeper that will hold you accountable – our personal recommendation).
5 Benefits of Hiring a Bookkeeper
- Time saved – You’ll get back those hours you spend debating where to categorize those transactions and reconcile those accounts.
- Money saved – Not only will you be able to put those extra hours into money-making tasks, but you’ll also have an extra set of eyes on your books that can spot any discrepancies and help you optimize your spending.
- An unbiased opinion – A bookkeeper will look at your books without the stories or emotions you hold related to your finances. They’ll give you clear, objective insights into what’s happening, and share both the strengths and the weaknesses that they see.
- Knowledge & advice – You’ll never have to question if you’re supposed to charge sales tax on that item or whether you should be paying estimated taxes again.
- Stress-free tax season – Your books are in order and ready to be sent to your CPA in January, without the scrambling for receipts and trying to remember what you bought at Target for $89.54 last April.
Schedule a call to see how we can help you!
The content in this blog post is provided for general informational purposes only and should not be considered professional tax or legal advice. The author is not a Certified Public Accountant, and no assurances can be made regarding the outcomes or consequences of tax returns, IRS actions, or any financial decisions based on this information. Readers are strongly advised to consult with a qualified tax professional or legal advisor for personalized guidance specific to their individual circumstances. The author expressly disclaims any liability for decisions made based on the information presented in this blog post.
