‘Why hire a Bookkeeper and what does it cost? 5 Great Reasons why you should with 4 different business examples showing you what it costs’
Focus your attention on what you do best & have good work life balance
Sub-contracting bookkeeping means you can focus on your business and customers and have time left over for yourself, friends, family and other interests. Most people don’t have a finance background so delegating will mean your finances are managed efficiently with fewer errors. Good for credit records and HMRC rules compliance.
Get a different perspective on the business.
Having a bookkeeper offers another perspective on your business, sometimes helpful when considering the best way forward and often helpful in avoiding unnecessary costs. Online software will put your financials in order and give business insights such as where is cashflow going and performance versus costs. It’s a great way to see the ‘bigger picture’.
Stay passionate about your business & escape tedium
Is keeping your financial records in perfect order your No 1 priority? Probably not, but it makes good sense for a bookkeeper to do this, so you spend your time on the stuff that make your business stronger. It’s a lot more fun (and productive), spending time developing your business and meeting the people who can help you, not getting weighed down inputting expenses right.
Keep the Taxman off your Back
Nobody needs the taxman after them for late or incorrect tax filings and your bookkeeper will ensure these are submitted correctly and on time. HCA and their Bookkeeping services can handle all taxes, payroll if required and other business finance issues. With a bookkeeper working for you, always be on top of your tax issues. Defending against a tax investigation can be very stressful and expensive.
Reduce conflict and the cost of Financial obligation – In businesses with more than a single partner, issues may arise concerning expenditure control. A bookkeeper can help, by managing the process, to ensure the partnership’s agreed approach is followed.
Although there are costs to hiring a bookkeeper, most businesses find a professional bookkeeper actually saves money. How? Through reducing the risk of human error because of specialist knowledge, ensuring account payments are made on time and any discounts received, ensuring tax reporting and payment obligations are met and accounts receivables are monitored and payment delays minimised.