Many small business owners feel they need to oversee every aspect of their company, especially when they are first starting out. As their company grows, however, they may find it increasingly difficult to keep up with all the demands of the day-to-day operations. One main area where most experience challenges is with keeping track of their finances. And, of course, keeping immaculate books is a must.
Have you reached this stage and could use the extra assistance with your finances? If so, then you are probably ready to hire a bookkeeper who will help you get back and/or stay on track. But with so many choices out there, you may be wondering how to go about finding the one that’s the right fit for your business.
In their article, “How Hiring a Bookkeeper Can Strengthen Your Business,” Mindbody Business shares a useful list of the benefits of working with a bookkeeper. Here are some highlights:
You get “mission critical” info.
With a professional bookkeeper, your financial statements are compiled correctly and according to accounting principles. This ultimately helps your accountant file the taxes quickly and easily.
At Mind Your Own Business, we like to invest a little extra time with a new client. This extra time is spent listening to what they EXPECT, what they want moving forward, and what their perspective is about the service they are requesting. We also meet with each of our clients to help them understand expenses and cashflow.
You could pay less in accounting fees and taxes.
Experienced bookkeepers understand common expenses within your industry and can let you know which business expenses are tax deductible. This potentially saves you money in the long run.
In a nutshell, bookkeeping is customarily data entry based on statements and receipts provided by the client and reconciliations with all bank and credit card accounts. Our bookkeepers understand the rules of tax laws, as well as the fundamentals of basic accounting principles.
You will save time.
By spending less time on administrative activities, such as bookkeeping, you will have more time to concentrate on what matters most to you — your customers and business success.
Our company’s name says it all as we start the conversation with our potential clients! This is what we are saying to them: “We want to help you Mind Your Own Business! You are hiring us to serve you in the best way for you, so YOU can make decisions for your business.”
It is truly rewarding for us to share success with our respected customers who entrust us with their administrative and operational support services. Are you ready to get started? Contact us today by calling 519-657-4283 or by filling out our online form. Let us know how we can help you mind your own business better!