Updated on October 21, 2020 by David Korpel
It sounds counterintuitive, I know. “Why spend hundreds of dollars a month on having someone do my bookkeeping for me? Isn’t that an extra expense, when my goal is to cut expenses?”
But let me answer your question with more questions: How much is your time worth? Wouldn’t you be better off spending your time on higher-value work that will generate more revenue?
If you engage a bookkeeper, you’ll ensure that your financial data is up to date, accurate, and clean. That puts your company’s financial data at your fingertips, ready to help you make better decisions while running and growing your business.
There is also a good chance that the increase in revenue will outpace the cost of the additional bookkeeping fee. And having a professional in your books also ensures that you’re taking advantage of all the allowable deductible business expenses.
