Buried in Receipts???????
I’ve learned it’s always best to put the right person in the right job. In fact there is a great way to find out you and your employee’s strengths. Take a look at Gallups CliftonStrengths (https://www.gallupstrengthscenter.com/home/en-us/cliftonstrengths-how-it-works)
Big Boss didn’t need my physical superpowers what he needed was Dexter. So I shouted out the word Reconcile and became Dex. Hi, Dexter here . . . The problem Big Boss was having was that he was trying to do it all himself. That may have worked early on but not now. Once your business reaches a point where you have plenty of work to keep you busy the only way to grow is to get help. Lots of entrepreneurs I’ve met think they need to hire an in-house bookkeeper/accountant to keep them straight. That may be the best thing to do down the road (way down the road) but not now. (To see the true cost of hiring a bookkeeper click this link). (https://dailybalance.com/what-hiring-a-bookkeeper-really-costs-you/)
It makes good business sense to find a professional who can set up an efficient automated online system. Look for a person or a firm who stays on top of the latest bookkeeping technology as well as one who has a good track record. Read their reviews. Ask folks on Facebook, LinkedIn and Twitter who they might know. Companies have been outsourcing payroll for years; why not the bookkeeping? If you think you can simply find someone who can enter transactions into software think again. It can take more time and money to fix problems than to have it done right the first time. Use a pro. If you think you can do it all yourself think about why you take your car in for an oil change. Many of us can change the oil in our vehicles but most take it to someone. Why? We have better things to do with our time and we don’t like getting dirty. It’s the same with your business’s bookkeeping; you have better things to do and it can be a messy job requiring specialized knowledge.
Stay tuned and find out how an accounting pro can be a great partner of yours . . . and a partner without any equity!