5 Signs You Should Hire an Outside Bookkeeper

  1. Your books are falling behind.

Once you start falling behind on balancing your books or reconciling your accounts, you embark on a slippery slope of not being able to catch back up. Soon enough, you’re months or even years behind. Look to a professional bookkeeper to help you catch up without anything falling through the cracks.

  1. Your employees are getting overwhelmed.

When there’s too much to do and not enough people on your payroll, you need to look for solutions. Hiring is a long, daunting process that not only requires a lengthy time and financial commitment, but also the ability for your business to continue to generate enough work for that position. When you’re in that transition period between not enough employees and too many, an outside bookkeeper can help by providing the services and hours you need.

  1. You’re in between in-house bookkeepers.

In today’s tough employment market, it can take longer than expected to hire the right employee for your company. Keep your invoices going out and money coming in by temporarily relying on an outside bookkeeper to help you stay current with your bookkeeping while you’re searching for a new employee.

  1. You don’t have the money to spend on salary.

The cost of an employee is far greater than just their salary. When you factor in employment taxes and benefits, the cost is generally 1.25 to 1.4 times more than just the base salary. Recruiting expenses, space, equipment, and bonuses are also things to consider when weighing the real cost of each employee. Hiring an outside bookkeeper means knowing all your costs up front and being able to scale your services up or down based on your needs and budget.

  1. You want to keep your payroll information private.

Don’t risk disgruntled employees by outsourcing your payroll and ensuring that information remains private. Plus, hiring an outside company ensures that your payroll is accurate without you having to research changes in state and national taxes and laws. And with the Affordable Care Act reporting requirements, it’s another weight lifted off your shoulders when you can rely on professionals to ensure you’re reporting accurately.

 

When you’re ready to interview an outside bookkeeper, contact our professionals. We would be happy to answer any questions you may have and help your business succeed.

By Sabrina Zimara

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