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Are You Ready to Outsource Your Bookkeeping?

Sunday Apr 12, 2009

Do you run your own business and try to do everything yourself? Why? Should not you spend your time doing what you do better than either the sales and marketing, customer service or making decisions about how to grow your business?

An entrepreneur trying to juggle several balls a day, but sooner or later one will be deleted. A business owner is smart to realize that he / she can not do everything because there are only 24 hours in a day. Unless you are very organized and enjoy working with numbers, then maybe you need to outsource this work. Too many business owners spend their time doing what they are not very well simply because they do not know how to find someone to do the work for them.

Where do you start? Ask your accountant for referrals. Obviously, you do not need a full-time person to do your books, so your best bet is to find someone who wants to moonlight at a part-time job. There are also books with their own small businesses looking for customers. If you have no other employees, this situation will be better for you because you can pay as a sub-contractor instead of an employee on the payroll. However, you will need to give them a form at the end of the year 1099 for tax purposes. But since they are accountants, they can help you do this too.

You must examine your books as you would if you were hiring him as an employee. Request a resume and references and check them. Since this will be the handling of your confidential files, you want someone who is trustworthy.

Depending on your location, you can expect to pay between $ 15 and $ 50 per hour for an accountant. Do not necessarily hire the one who offers the lowest-remember that you get what you pay. The more experienced person will cost more, but for valuable comments and suggestions to streamline your business liquidation, which will save you money in the long term.

Since this person will work closely with you in your business, you should feel comfortable with him. If you have any reservations about this person, go to the next candidate.

While the selection process in May take some time, it will be useful later. Take your time to find the perfect accountant and in a few months, you’ll wonder how you ever managed to run your business before you hired one.

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