Companies in Sonoma County working with bookkeeping services teams must continually analyze the cost of the service to determine its value. They are ways in which the company can build efficient bookkeeping services that drive long-term revenue for the organization. In this latest post, our team at Virtual Jeannie highlights three ways to save money on bookkeeping services.
- Commit to organization
If you have a bookkeeper outside your organization working to manage your financial issues, it’s incredibly important that you’re organized. When paying bills, for example, make a note of the payment and provide full details about the payment to your bookkeeper. Detail the payment method and provide the bookkeeper with a copy of the receipt. Ask the bookkeeper directly how they would prefer the information regarding expenditures to be presented. Make sure that their preferred method is followed for each transaction so as to minimize delays later in the pipeline.
- Utilize a document management system
Make sure that you work with your bookkeeper using a document management system. In employing bookkeeping services in Sonoma County, you’ll need to have all the information available on short notice when a question arises. Having a document management system through which you can share information with your bookkeeper is one of the best ways to save time and money in managing your bookkeeping obligations. Some products allow you to simply take pictures of receipts and other related documents and then store these images in the cloud. This can mitigate the challenge of finding important information on short notice and gives your bookkeeper the ideal tool for completing their work.
- Utilize a separate business account
You should operate a separate bank account for your business. This is beneficial for a number of reasons. For example, if you have a separate business account you may not be personally liable for claims against the company if your assets are separated. Secondly, a separate business account ensures a clear outline of which money belongs to the company, and which belongs to you. You then won’t be tempted to use company money for personal expenses, and there won’t be any confusion about the financial health of the business.
Our team at Virtual Jeannie is now offering comprehensive bookkeeping services to companies in Sonoma County and the surrounding areas. To discover more about our work, call today.