Do you need a full time bookkeeper for your business?

As a business owner, you understand that it’s simply not possible to do everything yourself if you want to avoid burnout. But deciding whether to delegate internally or outsource a job is a challenge in itself. Do you really need a full time bookkeeper on staff in-house? Or, can you achieve what you need with the assistance of a part time bookkeeper who works remotely or on-site as needed?

Here are some of the questions you can ask yourself to clarify your requirements:

  • Do I run a small business? (One with fewer than 50 employees or gross revenue of less than 5 million per year)
  • How complex are my record keeping and reporting needs? How often do they change? (Bookkeeping consists mainly of repetitive tasks that don’t take all day if they are done by an efficient professional)
  • Do I already hire a CPA to do my business taxes? (A part time bookkeeper can typically handle everything else. Plus, you already know that outsourcing works well for your financial needs.)
  • Do I sit down with my bookkeeper daily/weekly, or more like once a month? (If you are meeting with your bookkeeper more frequently, you might want to ask yourself why you need to manage their work so closely)

Why Choose a Part Time Bookkeeper?

When you hire a bookkeeper as an independent contractor, their monthly fee represents their total compensation. You don’t pay for benefits or income taxes like you would with an employee. You pay only for the services you need. If you only require 20 hours of bookkeeping work done each month, that’s all you put in the contract. Consumption based bookkeeping helps you control costs. In the end, it’s simply a smart financial decision for your business.