"Time is money" - Benjamin Franklin

As the quote says, time is most definitely money. The time that you spend on the bookkeeping for your business could be used to ensure your business is successful, cultivating clients/patients and making money. Hiring a bookkeeper can save you that precious time and allow you to focus more on your actual business. A bookkeeper:

Can take most of the daily tasks off your plate;
Is more knowledgeable about how to account for those transactions; and
Can complete them in less time.

The recording of day-to-day detailed transactions can take up a significant amount of time and is often put off until the last minute. Entering payments and receipts, setting up vendors and figuring out the right accounts that transactions belong in are all tasks that a bookkeeper can perform so that you can focus on other things.

A great bookkeeper is an expert in her field and is trained to know how to handle those tricky transactions or where to go to find answers that may exceed your knowledge on the subject. Bookkeepers can also recommend time saving tools such as accounting/reconciliation software and cloud-based document and receipt storage. Your financial ally, your bookkeeper, can also use her knowledge to analyze your financial position to potentially help reduce expenses which means, you make more money.

As an expert, a great bookkeeper can complete these daily tasks in much less time. She can make sure everything is up to date so that you know exactly where you stand financially at any given time.

The bottom line is that most people are in business because they love what they do and to make money. Hiring a great bookkeeper can allow you more time to do what you love and in turn make more money. Now who wouldn't want that?

Next up in the series Why Hire A Bookkeeper...Expertise.