5 Ways You Can Save Time and Money By Hiring an Accountant to Do Your Bookkeeping

If you ask people why they started their business, they will say things like they just love their work or they like running a business and working on their own terms.  Here’s what no-one ever says; They love doing their bookkeeping. 

Most entrepreneurs hate having to do bookkeeping.  It falls into the category of helping their kids with algebra and going to the dentist. They do it themselves is because they think that they can’t afford to hire someone.  But is that truly the case? 

Delegating your an accountant who also provides bookkeeping services can save you time and lower your stress.  It can often increase your income. Here are 5 reasons why:

1) You don’t know what you don’t know. According to Paul Stramberg CPA and Financial planner,  accountants are experts in finding tax credits and deductions that most people will miss.  This can lower your next tax bill by potentially thousands of dollars. Just make sure that your accountant will include tax planning as part of the bookkeeping services.

2) An accountant will be able to do your bookkeeping in a short amount of time.  After all, he does this for a living.  Since you will likely get charged by the hour, your bill can be modest.  If you use the extra time to grow your business  or see more clients, you can increase your income. Isn’t that a much better use of your time? It’s more enjoyable too!

3) Your bookkeeping (also called “write ups”) will get more complicated as your business grows. Having an accountant handle it will make it easy for you.

4) You can save money on your tax prep bill, especially if your bookkeeper is your tax accountant who charges by the hour.  Your books will be in perfect order and he/she can prepare your return faster.

5) Most importantly, you can sleep better at night knowing that this part of your business is being handled. You will not only  have more vitality to run your business but you  can also make better financial plans and decisions because you will have all the information you need. Just make sure that you trust your accountant, check your books frequently and have him/her explain your numbers to you. You’ll be taking one big burden off your shoulders and be able to enjoy your business more.