There are several compelling reasons to outsource bookkeeping. An expert bookkeeper near you can carry out all bookkeeping activities, keeping you focused on your most important tasks. A bookkeeping expert has spent years studying bookkeeping principles. Their expertise enables them to avoid bookkeeping mistakes.

Here is how you can maximize profit by outsourcing your books.

Reduced Opportunity Cost

The opportunity cost of doing your books or having an employee keep your books can be too high. For every hour you or an employee spends doing books, there is an hourly wage plus the opportunity cost of revenue-generating work that the person could be doing instead.

If business owners do their books themselves, they will have less time to do more productive and revenue-generating activities than they were performing before. Typical examples include acquiring new clients, negotiating deals and contracts, and training or educating their employees.

The cost of value or benefit given up by performing bookkeeping tasks can run into hundreds, even thousands of dollars.

Avoid Tax Season Headaches

Tax preparation and filing are a big headache for business owners. When preparing taxes, a bookkeeper can support you every step of the way, helping you overcome tax season challenges. Your bookkeeper will get your books ready for tax season and provide valuable information your accountant needs to calculate business taxes owed accurately. Efficient tax preparation = less stress for you and your team and reduced costs.

Pricing Adjustments

Vendors often increase the price of goods and services offered to businesses. Many companies need to adjust their books when their vendors increase costs. A bookkeeper can help ensure your books are up to date, so you can determine if you should change your pricing.

Uncover Reasons for Increased Costs

Your bookkeeper stays on top of your books. With their trained eyes, a bookkeeping expert can notice minor but important details affecting your bottom line. If, for example, employee travel expenses have increased compared to last year, your bookkeeper can help you get to the root cause and even suggest cost-cutting measures.

Virtual Jeannie Bookkeeping Services is a renowned bookkeeping firm in Santa Rosa. Whether you want to build a new process from scratch or streamline your bookkeeping, we can help. To learn more, call (707) 664-1425.