Many small business owners start out doing their own bookkeeping because they don’t want the added expense of hiring a professional while they’re trying to get the business off the ground. However, most business owners aren’t skilled at bookkeeping and don’t have the time to do it well.
If you find yourself strapped for time, paying late fees or penalties because you can’t stay on top of your business finances or falling behind on your books, it’s probably time to outsource the job to a bookkeeper.
You don’t have to hire a full-time bookkeeper for your business if cost is a concern. Many bookkeepers work on a part-time or freelance basis. You can also look into bookkeeping services that offer flat-rate monthly pricing.