Streamlining Your Small Business: The Case for Outsourcing Bookkeeping and Payroll
As a small business owner, managing finances can often feel overwhelming. With an average revenue of around $10,000 per month, I’ve been handling all my Bookkeeping and payroll through QuickBooks. However, this responsibility has started to become a significant time drain, particularly with payroll taking up nearly two full days of work. The complexities of recalculating hourly payments and generating invoices consistently adds to my workload.
During the tax season, I do employ a freelance CPA to assist with filing, but I’m beginning to see the value in offloading my Bookkeeping and payroll tasks to a specialized firm. After some research, I’ve discovered that many local bookkeeping services charge approximately $2,000 per month.
I’m reaching out to fellow business owners and financial experts for advice. If you’ve made the leap to outsource your bookkeeping, what factors helped you decide? What should I be looking for in a bookkeeping company? Ultimately, is the investment worth it in terms of time saved and efficiency gained?
Your insights would be greatly appreciated as I navigate this important decision. Thank you!
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