Outsourcing: The Key to Getting Your Life in Balance

person multitasking

Do you run your business or does it run you?

Are your work and life in balance?

Do you sleep well at night?

You have a lot on your plate when it comes to balancing:

  1. your business,
  2. your family and
  3. your own mental and physical health.

A great time-saver well worth the affordable cost is outsourcing your bookkeeping to a qualified firm like BookWerksTM.

Tasks that do not generate revenue are good ones to consider sending outside. Outsourcing Cincinnati financial recordkeeping to a professional service, you’ll free up a lot of time for more important work or home tasks, while receiving the timely, robust financial information key to business planning and decision-making.

Books ready for tax time, getting a loan and more

When you partner with a professional bookkeeping firm such as BookWerksTM, your books are quickly brought up to date and made ready for paying taxes, taking out a loan, and/or getting a clearer picture of where you stand.

Cloud-based software for safe and instant access to your info

We use cloud-based Xero accounting software (or Quickbooks if you prefer) and automated encryption to provide you with safe and instant access to your information, accurate and efficient logging, and securely emailed reports any time you need them.

About Cost: Most of our Clients Save Money Turning their Bookkeeping over to an Expert

Many small business owners, or the people who do their books, do not have an accounting background. Therefore, they are not as efficient as they could be, nor as accurate. These owners are surprised when they take bookkeeping to an outside firm and the cost is actually LESS overall!

Most of our clients find using an outside service to keep the books actually saves money. Because bookkeeping is all we do, we are more efficient and provide more of the data you need to grow your business.

In that sense, trusting your bookkeeping to an expert is actually an investment in improving your business performance.

How We Help Small Business Owners Stay on Track

Bookkeepers are responsible for these financial statements:

  1. The income statement(also called a profit & loss statement or P&L statement), showing your revenue and expenses over a specified time period
  2. The balance sheet, a snapshot of your financial position at one point in time
  3. The cash flow statement, a record of the cash and equivalents coming in and going out

They also:

  • Manage accounts receivable and payable
  • Post debits and credits
  • Monitor your debt levels and apply payments to debts that come up for payment
  • Reconcile your bank accounts every month
  • Provide your CPA with accurate financial statements at tax time
  • Report on issues and variances that come up

Good Bookkeeping is Smart Business

A good bookkeeper will enable: better budgeting decisions, by showing you exactly what areas are most profitable and where you might be wasting money; peace of mind, assuring you your books are ready for anything; less chance of an audit, with detailed IRS-required documentation; better understanding of the seasonal flow of your business; and a better grasp on the key metrics of your business’ financial health.

Get Back in Balance

With bookkeeping in good hands, you’ll have newfound time and energy to spend on exercise, socializing and hobbies. You’ll be able to make some of your children’s soccer games and recitals.

You’ll have more freedom to focus on serving the needs of your customers.

Best of all, you’ll keep burnout (extremely common for small business owners) at bay.

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Our Accounting Services for Franchises Streamline Performance Comparisons

We provide bookkeeping/accounting services for franchises to make Franchisors’ lives easier, help them grow and free up their Franchisees’ time for running their business. With BookWerks’™ Franchise Accounting Services, Franchisees don’t waste time on bookkeeping tasks that are important, but don’t generate revenue. If each of your Franchisees uses the same bookkeeping service, and follows the same procedures, the data you receive is accurate and on-time, and you stay up-to-the minute on how each location is doing. You can see where changes need to be made, before they become serious problems. We help you structure Franchisees’ books, make sure every Franchisee knows and follows your SOPs, arranges their Chart of Accounts in your preferred format, and enables the automatic downloading of expenses and income from bank accounts, credit cards, loans, etc. Following this system, we produce consolidated reports that give you at-a-glance weekly or monthly comparisons of Franchisees’ performance.