Lots of small business owners asks themselves why do I need a bookkeeper when I can do it myself and save money? Well I would like to answer that question and hopefully change a few minds in the process.
As an owner of a small business you are probably pretty good at getting things done, being organised and managing. You also probably use experts for things like designing your logo/stationary, creating a website and the legalities of business. Therefore why when it comes to the financial stability of your business (which, let’s face it is an extremely crucial element of your business) are you still doing the books yourself?
Many bookkeepers are not looking for huge salaries, employee benefits and holiday pay. Many bookkeepers, like myself, are self-employed qualified professionals who work with a handful of clients to provide a committed and knowledgeable service. This means you do not have to pay holiday pay, sick pay, maternity pay, pension payments and all those other costs that come with having an employee.
A bookkeeper can handle everything for you – sales ledger, purchase ledger, credit control, VAT, cash flow forecasting, management accounts, PAYE – and do so in the way you want it to be done and really get to understand your business. They can identify areas where you can save money, over time they can anticipate peaks and troughs using past data, chase up slow payers/bad debt.
So in fact a bookkeeper can save you time and money in the long term by freeing you up to do what you do best – manage/grow your business, whilst helping you to look after the crucial financial health of your business.