When to Hire a Bookkeeper vs. Doing It Yourself
Plenty of businesses start out doing their own books, and that's a reasonable place to begin. The question is knowing when it stops being the best use of your time.
Signs it's time to hand it off
If books are more than a few weeks behind, if you're avoiding opening your financial reports, or if you're spending hours each month on data entry instead of running the business, those are all signs the DIY phase has run its course.
What good outsourced bookkeeping actually costs
A monthly bookkeeping service is often less expensive than the time an owner spends doing it themselves, once that time is valued at what the owner could otherwise be earning running the business.
The right time to hire isn't when things are falling apart — it's a bit before that, while there's still room to set the system up properly.
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