When to Hire a Bookkeeper
Hello Lovely Ladypreneurs!
I want to take a minute to answer a question that I have been getting a lot of recently. And it’s SUPER important to the success of your blossoming business, so take a few minutes out of your hectic schedule and let this sink in….
The question is…
WHEN SHOULD I HIRE A BOOKKEEPER?
Running a business is time consuming….VERY time consuming. If you are running an online business, be it a service you provide or a product that you sell, you probably have a million things on your plate and not enough hours in the day to accomplish all of it, am I right? And that is probably more the case when you are just getting started. Every task that you need to accomplish is a critical piece to ensure that your business flourishes. Bookkeeping is one of the single most important pieces of that. Some of you are aware and others like to bury their head in the sand and pretend it doesn’t exist, which will catch up to you in the long run, like it or not, mama, but don’t fret!
My clients will indeed admit to you the importance of proper bookkeeping and also that they CANNOT deal with keeping up their books on their own. I get it. I have pieces of my own business puzzle that I don’t enjoy or have the time for.
SO WHEN IS IT TIME TO OUTSOURCE YOUR BOOKKEEPING?
My answer is and will always be as soon as possible. And you have options. Getting off on the right foot will not only save you time AND money, but it will also bring you a sense of relief.
Getting your books set-up correctly from the get-go ensures less headaches in the future!
HOW DO I GO ABOUT THIS, YOU ASK?
Here are a few of my suggestions to get you head on the right track.
If you have the extra time & don’t want to hire someone to maintain them until you’ve got a good stream of revenue coming in, have a professional bookkeeper set up and train you on the software, so that you can keep up on the day to day tasks. I cannot stress how important this is if you are going to DIY. All too often I have new clients coming to me because they tried doing their own books to save themselves money, make a mess of them and need a professional to clean them up. The average cost of cleaning up “messy books” can range anywhere between $1500-$10,000 (no, I am NOT joking) so please do yourself a favor and invest on the front end so that you don’t end up in this position.
Or
Hire a professional right out of the gate. This will not only free up your time to serve your clients & grow your business but it will also ensure that your numbers are accurate. A kickass bookkeeper will also prepare and go over your financial statements with you each month, so you are always aware of your profitability and can make well informed business decisions. It will be money VERY well spent and it doesn’t have to cost a fortune!
If you are a startup that needs help and guidance, I offer a package that will set your soul and pocket at ease! Shoot me an email at hello@dulynotedfinancial.com for more information on how I can be of assistance.
Until next time!
Xo, Galynne