Blog

Why Outsource Your Bookkeeping and Accounting?

Most business owners, unless they are trained in financial recordkeeping, find it works better to outsource their bookkeeping and/or accounting. Bookkeeping firms like BookWerks^TM use standard accounting practices to accurately record transactions, reconcile bank and credit card statements, and keep you in the loop with monthly reports such as balance sheets, profit and loss statements, and income statements. They will make sure your books are in order for tax time. Accountants are more big-picture–and usually more expensive–offering tax and advisory services. Your accountant will prevent tax errors and resulting audits. Because they know all the tax rules, accountants can tell you how much money to set aside, and ensure you don’t overpay. Good bookkeepers keep tax-ready records your CPAs can easily use. Outsourcing accounting bookkeeping services will save you time and money; the professionals will probably be more efficient than you or an employee not properly trained.