6 Common Myths About Outsourced Bookkeeping Services
Have you been considering outsourcing for a while or are you considering it for the first time? Yet you find yourself being reluctant to take the first step, especially where your finances are concerned…we get it! Here at CenterState Bookkeeping we offer free consultations to help take the stress off of you.
Often regarded with indifference, confusion, or even outright fear by many entrepreneurs, the misunderstandings and misconceptions surrounding outsourced services abound. We want to highlight seven of the most common myths when it comes to outsourcing bookkeeping services.
6 Common Myths About Outsourced Bookkeeping Services
- Loss of Control
- Lack of Affordability
- Security Concerns
- Trust Concerns
- Time Management Concerns
- Do-It-Yourself Software
1. Loss of Control
No business owner wants to think that they will lose control of their hard-worked business, and this misconception preys on entrepreneurs as one of the biggest fears.
The truth of the matter is that rather than losing command of your business, you would be offloading your bookkeeping to a professional service provider which in return will give you a much better handle on your company’s goals and overall financial position.
Outsourcing will allow you to have the time to make better business decisions, regular access to timely and accurate financial information and will keep you firmly in the driver’s seat of your cherished business.
2. Lack of Affordability
When it comes to running a business, time is money.
Rather than looking at outsourced bookkeeping services as just another recurring expense, remember the time and energy you’ll save by letting someone else take care of your books is likely to pay significant dividends elsewhere.
You’re in business because you’re good at something. Unless that something happens to be bookkeeping, you’ll get far more bang for your buck when you spend more of your valuable time doing what you do best.
3. Security Concerns
Because of the confidential nature of a company’s accounts, it’s only natural for business owners to worry about the security of their financial information when they share their books with an outside bookkeeping company.
It’s essential to keep in mind, however, that no data is technically 100% safe – whether it’s online, offline, or jotted down in a notebook.
The security measures employed by established outsourced bookkeeping services are based on the most up-to-date technology available.
Ultimately, the bottom line is that you’re as likely to experience a security breach within your own home or office environment, as you are when doing business with a qualified outsourced bookkeeping expert.
4. Trust Concerns
While there’s a tendency to believe that no one could possibly care as much about your business as you do, know that CenterState Bookkeeping has your best interest at top of mind. I want my clients to trust me and know that I have their best interest in mind.
5. Time Management Concerns
Professional outsourced bookkeepers are in business to relieve you of the brunt of your bookkeeping work, freeing up both your time and that of your employees. Here at CenterState, I use Quickbooks which is a cloud-based solution to quickly and conveniently store and exchange financial data and other relevant information.
Today’s technology makes it easy for even the least tech-savvy among us to outsource with confidence. By eliminating the need for regular in-house staff, outsourcing your bookkeeping offers complete flexibility, letting you make use of such services as they’re needed.
6. Do-It-Yourself Software
There’s no denying that bookkeeping tools like QuickBooks are fabulous and relatively easy to use. But just because you’ve armed yourself with a valuable bookkeeping solution, it doesn’t necessarily mean you know how to get the most out of it.
Many small business owners fail to make use of the full potential of their accounting programs, and those who do are probably spending far more of their time keeping the books than they should be.
Furthermore, the more business growth you experience, the more complex your finances are likely to become. Rather than trying to guess at what you’re doing, consider relying on experts who have both the time and the advanced skills necessary to keep your finances in order.
I am never absent. I work around the clock for you and your business.
