Most people assume that proper bookkeeping requires one of two things – math skills or the proper software. Those things sure do come in handy, but I would argue that good books require something far more important. Good books require discipline.
Bookkeeping, by definition, is the discipline or skill of maintaining systematic records of financial transactions. Bookkeeping is not a mathematical process. With consistency, patience and the proper tools (I recommend Quickbooks Online) most business owners are capable of managing their own books without formal education, but there are a few exceptions to that rule…
3 Reasons to Outsource Bookkeeping
- You do not understand accounting software and have no interest in learning.
- Your tax preparer has alerted you to inconsistencies and/or improper practices.
- Your business is growing. Outsourced payroll, a new business loan or a recent purchase of substantial business assets may all signify that it’s time to outsource your books.
Learn more about the benefits of outsourced bookkeeping here, or email David@DEKEbookkeeping.com to schedule a complimentary call.