I keep promising myself I'll reconcile the books every Friday, then customer issues take priority and three weeks disappear. The bookkeeping isn't impossibly complex; I just postpone it until it becomes stressful. I'm considering outsourcing monthly reconciliation while keeping daily invoicing and approval in-house. At what point does paying a bookkeeper save more than the fee in missed errors, owner time and peace of mind?
Deciding whether to outsource bookkeeping after the owner keeps postponing it
- small-business
- outsource
- bookkeeping
- owner
97
4 replies
At the point where the bookkeeping starts getting done by guilt and caffeine, it's probably time. I outsourced mine when I realized I was sp...
At the point where the bookkeeping starts getting done by guilt and caffeine, it's probably time. I outsourced mine when I realized I was spending half a Sunday sorting receipts and still feeling behind. That was not a charming use of a weekend.
If the monthly fee is less than the value of the time you keep losing, it can make sense pretty fast. Even if the books are simple, the cost is not just the fee; it's the late fees, mistakes and mental drag. I don't think it has to be a dramatic threshold.
The hard part is measuring the hidden cost honestly. Some owners count only the bill and ignore the hours they spend avoiding the bill. If t...