Most businesses benefit in many ways by having a bookkeeper do their books. The support helps their business run fluidly which allows them to focus on the parts of their business where they excel.
You can read more about how businesses can benefit from having a bookkeeper here.
On the other hand, it’s possible that you really don’t need a bookkeeper at all. In fact, you may be better off doing the work yourself. That makes sense if you can resonate with the list below.
Sometimes you are just better off doing things yourself, right?
It’s time to find out.
Here are 7 reasons you DON’T need a bookkeeper for your business.
1. Your favorite thing to do on the weekends is entering your business receipts and other expenses.
We all enjoy our time off and unwinding on the weekends. Whether you enjoy hiking, running, hunting, sports, or anything else, most business owners try to carve out time to do things they enjoy outside of running their business. But, if you enjoy spending that time entering receipts and other business expenses then you don’t need to hire a bookkeeper.
2. You rather do your business’s bookkeeping tasks than spend time with your family and friends.
Family and friends are important, but so is business. Some of our clients love the extra time they have available to spend with their friends, family and loved ones, but that doesn’t mean you have to. If you rather be working on your business’s books than spending quality time with those you love, then you don’t need to hire a bookkeeper.
3. You actually started your business because you wanted to be a bookkeeper, not a business owner.
We’ll keep this one just between us. We get it! We started a business doing bookkeeping because we love it! It’s possible that, since you don’t have a degree in accounting and don’t have formal experience, you decided to start your business so you could be a bookkeeper! If you started your business so you could do your own bookkeeping and not service your customers and clients to the fullest of your potential then you’re right, you don’t need to hire a bookkeeper.
4. You understand the reporting better than anyone you know!
Along with bookkeeping goes reporting, and these reports should be the map or guide to your business growth, scale and monthly decision making processes. Many business owners don’t understand each report we provide our clients with, which is why we make sure we take the time to go through them with our clients. You, one the other hand, are different. You get it! You don’t only get it, but you understand these reports better than anyone you know! If this is true then you don’t need to hire a bookkeeper.
5. Cashflow, Profit/Loss, and Inventory are music to your ears.
Some read these words and it sounds much like this scene from the Wizard of Oz.
You on the other hand think of these words and swoon. They are music to your ears. They speak to your heart and the sound of them makes you feel at peace. If this describes you, and you aren’t worried about them like the Scarecrow is worried about a lion eating his straw stuffing, then you’re right – you don’t need to hire a bookkeeper.
6. The stress and anxiety of getting your books done EXCITES you!
Stress and a little anxiety can be a good thing. It’s like the way you might feel before a first date or before playing in a championship game, and the stress and anxiety created from knowing you have to get your books completed and sent to your CPA is invigorating! For others, this stress is almost debilitating. It makes them freeze with anxiety and not only do their books not get done, other work in their business suffers as well. If you are someone who longs for the anticipation and are energized and excited by the stress caused by having to get your books done, then you most definitely do not need to hire a bookkeeper!
7. Tax season is your favorite season!
When someone asks you what your favorite season is and you respond with, “TAX SEASON!”, and not “Fall, Winter, Spring, Football, Baseball or even Hockey season” then you don’t need to hire a bookkeeper! It’s that simple.
If this is you, keep up the good work!
If not, we would love to help you and your business.
Being your own bookkeeper can have some advantages, but there are many more if you are willing to part ways with your secret love for numbers and let someone do it for you.
Really, when we discuss with clients what advantages they found of doing their own books, most of them say that they feel “more in control”. However, that couldn’t be further from the truth. Most business owners don’t have enough time, much less enough understanding, to really get the most out of their accounting reports.
That’s why you enter the numbers. You enter data to get information and to get a clear picture of where your business stands. You have MORE control by allowing a professional to do your books.
Allowing a professional bookkeeper to do your books gives you more control over your business, not less.
At Food for Thought Bookkeeping Solutions, we love to help our clients:
- Save time so they can spend time doing more of the things they enjoy with their time off
- Spend more time with friends and family when they aren’t at work
- Reduce stress
- Have more time for their business and focus on the areas that will bring the most value.
- Gain clarity so they have a clear picture of what is happening in their business
- Be prepared for tax season
If you NEED to hire a bookkeeper, contact us today to see if you qualify for a FREE business evaluation. We want to help your business grow and help you just like we’ve helped so many others.
Clear Blue Books 