Are you wondering whether you should hire an in-house bookkeeper or outsource the bookkeeping tasks from a bookkeeping company? While many businesses are dependent on inhouse bookkeepers to handle their bookkeeping needs; most of the time, the one doing the tasks is an office assistant. Allowing someone, who is not a specialist, to handle your books and financial payments is not a good move. It may seem like a wise and inexpensive decision at first.
However, with this decision being prone to errors, many businesses realise that having someone keeping tabs on their financial statements is in fact more expensive than getting the services of a bookkeeping firm.
Internet paved way for outsourced bookkeeping to be available, not just for large, conglomerate entities; but, also for small and medium-sized businesses as well. Basically, anyone with a computer and internet can provide bookkeeping and payroll services. So, it is no wonder that most start-ups and SME’s are still not as accepting of this new method.
Nevertheless, outsourcing paves way for the quality and specialisation to improve, not just with regards to bookkeeping; but, throughout an entire business. The internet allows both the company and outsourced bookkeeper to access, exchange and save data on a secure portal. Business owners can easily get updates on their financial status with a few clicks of a button.
As for the virtual bookkeepers, they have full access to the client’s financial statements. Therefore, they can easily spot potential errors and help their clients get an insight as to what aspect of their business needs improvement. On top of this, outsourced bookkeepers will also be able easily tell clients whether they are reaching their goals or not.
If you’d like to know more about hiring a bookkeeper or if you have more bookkeeping questions, please talk to us. ACT Bookkeeping Group is a trusted bookkeeping company in Australian Capital Territory for many years. Our bookkeepers know how vital it is for small and medium sized businesses to get professional advice. Talk to us now and we’ll see how we can help your business grow through proper bookkeeping!
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