Take a look at that pile of paperwork on your desk.
The growing stack of receipts, unreconciled credit card statements, and post-it notes of "to-dos" lie untouched while you focus on the growth of your business. Trust me; there is absolutely nothing to be ashamed of with this picture. In fact, if anything your focus is exactly where it should be.
The issue? Tax time is approaching and your books absolutely need to be in order starting… well, now.
Your business expenses and income need to be carefully tracked down to the penny and categorized accordingly. If you’re at this point, it’s inevitable that you’ve probably asked yourself, “Is now the time to hire a bookkeeper?”
The answer is, it depends.
Here are 7 signs that now is the time to hire a bookkeeper:
- Those piles on your desk are not getting reconciled with any date in sight. Ideally, expenses and income are reconciled on a weekly (if not daily) basis.
- You are spending more than 2 hours a week on bookkeeping. This time should be spent focusing on growing your business.
- You have multiple employees on payroll. Payroll always needs to be on the top of your bookkeeping to-do list.
- Your business has an annual profit of $60,000 or more. This is a sign that you have an awesome business plan and potential for future business growth with the right key partnerships.
- Your business is an S-Corp or Corporation. As you probably guessed, this business designation comes with more stipulations and paperwork than an LLC/Sole Proprietorship or Partnership.
- You’re missing out enjoying life because your “free time” is spent on bookkeeping tasks.
- Bookkeeping causes you stress and anxiety, and you’re not confident that you're doing it correctly.
The last thing you want to do as a small business owner is blindly hand over the reins to your accountant at tax time with a box full of receipts. That’s never a fun bill to receive, and your business isn't benefiting whatsoever! Instead, I can get your books in order now, and help you prepare for a successful and profitable year.
Take advantage of a free, no pressure bookkeeping consultation with me at your convenience. Fill out this short form, and I’ll be in touch shortly.
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