3 Reasons to Hire Outsourced Bookkeeping for Startup Businesses

Finally, you have decided to start your first business startup after a thorough review and changes in plans. As a business owner, it is understandable that you constantly review the costs and other expenses. Managing your bookkeeping tasks can be a tough call to make. It’s easy to hesitate in investing the money for expansion or hiring a team of accountants for a business too small. You do not want to overdo and be a failure.

At an early stage startup, businesses do not have the proper accounting apartment. All it consists of is an accountant. But this logic is applicable not only for the initial stage even if your business is thriving. So you have two options to choose from,

• Hire a part-time accountant/bookkeeper - it could be a freelancer or a permanent employee whose skills and services are applicable from time to time and based on an hourly basis.

• Outsource the bookkeeping service - it is a team of outsourced accounting and bookkeeping professionals who handle your business taxes and files and every financial detail with the help of CPA software.

Although both options are applicable, the second option takes the limelight for a variety of reasons.

1. Bookkeeping Services Parallel to Your Business

Even at the start of the business, you need to have an accountant at hand. When outsourcing accounting for small businesses, you interact with the accounting experts with their experience relevant to multiple topics.

Maybe in the beginning all you need is someone who can manage your accounting software and perform routine bookkeeping tasks. With time, as the business grows, your finances will need supervision too. So this way you will have the chance to get the benefit from the services of the accounting expert.

2. The Right Set of Expertise

Finding a high-quality bookkeeping expert (part-time) in your line of business can be hard. Particularly in the initial days of the start-up, it is more tempting to hire an experienced bookkeeper who has the right knowledge and level of expertise. So taking help from the outsourced bookkeeping for a startup business is an appropriate choice.

You may often see the startup businesses changing their bookkeepers too fast because they might be asking hire prices or do not complete the tasks on time.

But when you work with the outsourced bookkeepers you get the right set of expertise without the additional cost of hiring.

3. Full-Time Access

A contract is signed whether you work with a part-time bookkeeper or with the outsourced team of bookkeepers. But with a part-time bookkeeper, you do not have a full-access i.e. they work according to the signed contract only. They provide only a limited number of services. Such is not the case with the outsourced bookkeeping team. They understand the importance of time-sensitive bookkeeping tasks that shouldn’t be delayed at any cost.

Therefore if you end up with the outsourced team for accounting and bookkeeping they report the timely submissions. With the less restrictive hours, they are the better option to opt for.

Since the tax season is almost upon us you need to get yourself a bookkeeper right away if you haven’t done it already. Make sure that team or even an individual you hire is pro at using the best CPA software for accounting firms.