With continuous improvements in software like QuickBooks, bookkeeping has become more automated. At the same time, any powerful software tool can be very frustrating to navigate and use effectively. For small to medium sized business, it’s often better to leave the books to a trusted professional.
For this reason, bookkeeping is commonly outsourced today. Most owners and managers are overwhelmed with priorities and should focus on the growth of the company, rather than spending their time managing books. At the same time, the right bookkeeper can help you grow your business.
How a bookkeeper can help you Grow Your Small Business
Here is a brief summary of how a bookkeeper can provide value.
1. Your bookkeeping needs to be updated.
It’s impossible to find value in reports that are out-of-date. The first step in finding value in your bookkeeping is to bring your books current and keep them that way.
2. Focus on meaningful metrics.
Everybody’s business is unique and therefore each bookkeeping system needs to be tailored to those specific needs. Identify and communicated your focus areas and goals and structure your bookkeeping system around reporting information about progress towards those metrics.
3. Look forward and forecast.
Many business owners are comfortable looking at past financials, when the data is up to date. In addition to looking at results, become focused on looking forward to the next month, quarter or year. Take your updated bookkeeping system with reports on your key metrics and use it to forecast into the future. Consult with your bookkeeper to help make any necessary changes or for closer monitoring.
Hire a bookkeeper that can also act as your business manager
Ensure that your bookkeeper is based locally and can meet with you at your office on a regular basis. Ensure that they have done more than bookkeeping and can help with business management. Ask for a few references.
Focus on what you do best
YourBizManager can help! You can start the process by sending us an e-mail to info@YourBizManager.com or by texting or calling 424-246-6006.
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About Doris Cristiano & YourBizManager
As an independent bookkeeper, Doris Cristiano has been providing flexible business services on the west-side of Los Angeles since 1997. To support business needs and growth, YourBizManager tailors its services to each unique situation and works closely with its Clients’ at their business or home office. More About Us
