Why hiring a bookkeeper can keep your business running smoothly during the summer

Why hiring a bookkeeper can keep your business running smoothly during the summer

School holidays can be tough on small business owners. Balancing work and holidays can be tricky, especially when you and your team want to take some time off with family. You want to keep the business running smoothly while getting some time out.

 

That’s where hiring a bookkeeper comes in. You might think you can’t afford to outsource bookkeeping tasks as a small business owner, but a bookkeeper can save you time, money, and stress. Here’s how. 

 

A good bookkeeper helps you stay on track with your finances

Regular bookkeeping is essential, even if you consider yourself a small business. Your bookkeeping is the foundation for monitoring your sales, expenses, profits, cash flow, and progress against your goals.

 

Hiring a bookkeeper during the holidays means you can keep track of your finances while you’re gone. A professional bookkeeper can record and reconcile transactions, process invoices and payments and handle payroll for you. They can also identify potential bottlenecks in cash flow and spending patterns to help you adjust your budget accordingly. A bookkeeper can also help you prepare financial statements and tax returns, saving you from returning to work knowing you have to turn around a VAT return quickly. 

 

A good bookkeeper provides valuable business advice.

Your bookkeeper is also a business owner and a great confidant for discussing your business goals and challenges. A good bookkeeper can help you identify areas where you can save money and make suggestions for increasing sales. They can also help you identify potential problems in your cash flow. It’s hard to delegate when you want to know everything about your business, but imagine the peace of mind of having a finance expert’s eyes on your business while you’re taking a holiday.

 

A good bookkeeper helps you prioritise your workload

During the holidays, there’s always a temptation to either do nothing or keep working and not spend time with your family. You didn’t start your business so you could become a bookkeeper, and engaging a bookkeeper to handle your financial tasks can help you prioritise your workload to do what you need to do and enjoy time with your family. 

A good bookkeeper saves you time and money

It’s hard to think that hiring an additional person into your team will save you money, but bear with me. Engaging with a bookkeeper to handle tasks that aren’t your specialist area will save you time and money, and here’s how. Not doing these tasks will free you up for the work you’re meant to do in your business – where there’s a much better return on your time investment. 

 

Compare hiring a bookkeeper for €500 per month with the extra time you would have generating €5000 per month. Are you better off forgoing the €5000 and spending time bookkeeping, or focusing your time and energy on earning an extra €4500 in your business this month? 

 

Add to this how a bookkeeper can usually save you costly mistakes in your bookkeeping, and you’ll never question the value of a bookkeeper again. 

 

A good bookkeeper gives you peace of mind

Knowing that a professional bookkeeper is managing your finances not just while you’re away but every day of your business gives you limitless peace of mind. You can always be confident that your business finances are up to date and in good hands, so you can run your business with the information you need to make good, timely decisions. 

Conclusion

Hiring a bookkeeper isn’t just a good move for the summer holidays. It’s an excellent move for the life of your business. It allows you to focus on what you need to do as a business owner and take a break while everything financial happens smoothly behind the scenes. You don’t have to worry about falling behind in your financial tasks; you can trust that a professional will manage your finances. By leveraging the expertise of a bookkeeper, you can focus on spending quality time with your family and return to your business recharged and ready to tackle new challenges.

 

If you’d like to talk to me about how I work with small businesses like yours, book a free no-obligation discovery call now.

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