1) Save Time At Tax Season
A well-maintained set of financials is key to making sure your taxes are done in a timely and accurate fashion. By providing tax prepares with all the correct financials and supporting schedules ahead of time, a bookkeeper reduces, the number of questions and back-and-forth communications a client receives.
2) Second Pair of Eyes
Even if you have a background with accounting, you are only human. A dedicated bookkeeper helps reduce human error by adding a systematical process of examination and review to your process.
3) Higher Level of Detail and Accuracy
A bookkeeper knows that often in communicating the financial health, questions regarding specific transactions or accounts might arise from time to time. As such, they know the value of including the required amount of detail and accuracy as to the nature of a transaction when entering the data.
4) Relieves Stress
Unless you are a seasoned accountant or just really enjoy working with your accounting system (Could we offer you a career with us?), bookkeeping typically puts a lot of stress on small business owners. A bookkeeper relieves that stress, allowing you to perform other tasks necessary to help your business grow or even to enjoy time outside your business.
5) An Outside View
Because bookkeepers typically have experience in multiple industries and different clients, they acquire an overarching understanding of how many businesses operate. This allows them to see your business from a different perspective – one you might be able to leverage to improve your processes, growth, or performance.