Is Outsourced Bookkeeping Right for Your Small Business?

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Potential clients often ask:

“How can I trust you?”

“How will you help my business grow?”

“Do you do taxes?”

“What does your service cost?”

These are four of the most frequent questions we hear when entrepreneurs and small business owners are thinking about outsourcing the bookkeeping for their businesses. Here are some quick BookWerksTM answers:

  1. Give Us the Chance to Earn Your Trust.

When searching for outsourced bookkeeping services, ask colleagues for references in your industry. If peers you know well say they do not fully trust their bookkeeper, call another firm. Our goal is to earn your trust by providing accurate, complete, timely and secure financial record-keeping and reports for your business. In addition, we will support you as needed with quick answers to your financial questions. You do not make a long-term commitment with BookWerksTM, so you can move on if at any time you are not completely satisfied with our work.

Schedule a FREE Consultation To Learn How Outsourced Bookkeeping Can Help You

  1. Our Outsourced Bookkeeping Services

Bookkeepers are not all alike. They run the gamut from minimalists to “do-everything” firms. It’s totally your call what you ask your external bookkeeping firm to do. Larger firms sometimes just clean up data the client has entered through the month, and one-person shops often do everything from logging bills to sending out invoices. So you can’t choose a bookkeeper on size alone.

We suggest you look for a middle-ground firm for reasons of control and privacy. For reasons of security, you should not have a contracted bookkeeper pay bills, invoice customers, collect cash or deposit receipts. While you certainly need a trusting relationship with your bookkeeper, controls are always good business.

  1. We Don’t Do Taxes

When we hear about professional bookkeeping services handling clients’ taxes, we wonder, “Are these bookkeepers CPAs?” If so, you are paying too much for their bookkeeping work. If not, then they are not qualified to file your taxes.

That said, we are specialists at what we do, not jacks of all trades. We provide higher-quality, more cost-effective bookkeeping. If you need bookkeeping, look for services that specialize in BOOKKEEPING. They should be able to help you find a good CPA for your taxes, a payroll firm for payroll, and/or a credit-card processing firm for that service.

  1. About Costs

If your accountants/bookkeepers are still billing by the hour, they are behind the times. Value-based pricing (a fixed monthly fee), is what you want in an outsourced bookkeeping service. While $150 an hour sounds better than $600 a month, you never know how much time the service will spend on your account month-to-month if they bill by the hour. Value-based pricing takes the guesswork out of cash flow, and puts all the cost risk on the bookkeeper.

Outsourcing your bookkeeping function will save you time, money, hassles and headaches. Let experts handle the books, while you work on growing your business!