5 signs that you need a bookkeeper
Like many small business owners, you might have had time to manage every part of your business when you started out. But as the business grows, you need to take stock. Is it time to outsource some tasks?
As a business owner, it’s crucial to focus on the areas of the business that you can impact with your expertise — and allocate other tasks to other specialists.
One of the roles you can hand over easily is the financial record keeping. You may consider hiring a qualified bookkeeper — but when is the right time to do this?
Here are five signs that you need to get yourself a bookkeeper.
1. Doing the books is taking you away from working on your business
Once you find yourself spending a large portion of your day or week keeping the financial records of the business and following up on other financial transactions, then it is time for you to employ a bookkeeper.
A bookkeeper can take on duties such as chasing customers for money, ordering stock, reviewing supplier invoices and checking the bank account balances and transactions so you can focus on other aspects of the business.
2. You’re not keeping up to date with all the business transactions
As your business grows, so does the paperwork and record keeping.
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Article sourced from MYOB.com