Streamlining Your Finances: The Case for Outsourcing Bookkeeping

As a small business owner generating approximately $10,000 in revenue each month, I’ve reached a point where managing my financials is becoming quite overwhelming. I used to handle all Bookkeeping tasks myself using QuickBooks, but the demands of payroll have been particularly taxing on my time. The process consumes nearly two full days every month, especially since we pay our employees hourly. This requires meticulous recalculations and invoice generation, which can quickly add up.

In addition to my regular Bookkeeping, I also enlist the services of a freelance CPA each tax season, which works well for me. However, to free up valuable hours and concentrate on growing my business, I am considering the option of outsourcing my Bookkeeping and payroll functions to a dedicated bookkeeping firm, preferably one that supports small businesses.

If you’ve been in a similar situation or are already outsourcing, I would greatly appreciate your insights. What qualities or services should I be looking for in a bookkeeping company? Is the investment—often around $2,000 monthly in my area—justifiable?

Your advice could be invaluable in helping me make an informed decision about this important aspect of my business. Thank you in advance for your tips and experiences!