What benefits of local bookkeeping should you expect to enjoy when hiring a firm? Certain aspects make it a better option than hiring in-house staff. Let’s take a look at the three most important of those benefits. Find out why they’re so essential, and why that makes hiring a local bookkeeping firm one of the best ways you can improve your company’s chances of long-term success!
1. Working with People You Know, But Not Too Close
One of the key benefits of local bookkeeping is the fact that you’ll be able to meet the people responsible for watching over your finances. You might think that you could get this by hiring your own bookkeeper, and you’d be right, but there is a cost to doing it that way. An internal bookkeeper can be too close. When your company’s bookkeeper is like a member of the family, it’s easy for them to be too interested, sometimes on an emotional level, in making the finances look better than they are.
When you hire a local bookkeeping firm instead, what you’re getting is someone you can always trust to be objective. Like an in-house bookkeeper, their primary responsibility is to see and report the truth about your company’s money to you. The difference is that they’re also responsible to the firm that hires them. This provides an emotional separation that works in your favor.
2. Clear Financial Reports You Can Trust
This benefit goes hand-in-hand with the first, but it’s distinct. When you hire your own bookkeeper, especially if it’s your first time running a business where you need one, you may not know exactly what to look for. When you find someone, you may not yet have a clear idea of how experienced they are. Even if their résumé shows that they’ve worked for other companies before, they may have been in the same situation as you. None of this is to say that getting an in-house bookkeeper is always a bad idea. For some companies, finding the right person for that role is exactly what they need. For others, though, it’s a major gamble.
By contrast, one of the benefits of local bookkeeping help is that you’ll be working with a firm with a direct focus. They know how to vet and hire bookkeepers with talent and experience. You can have greater assurance of the quality of the bookkeeping work that they will do on your behalf. That’s why the full array of financial reports and dashboards we offer here make it so easy to see the current and exact state of your finances.
3. Economies of Scale: Pivotal Benefits of Local Bookkeeping Help
For many businesses, one of the best benefits of local bookkeeping help is precisely the financial savings it creates. You don’t have to worry about overhead, hiring, training, or any of the other expenses normally associated with getting a new staff member. The result is a much smaller financial burden in exchange for taking care of your finances!
Local bookkeeping firms like SyncLedgers take on many key responsibilities. We make sure that we’re always finding and taking care of the right people. They, in turn, provide the best benefits for our clients. Because we focus on that, and make it our core competency, we’re able to do it much more efficiently. The result is savings on top of savings!
If your business is based in Utah along the Wasatch Front, we’d love to hear from you! Make sure to reach out to SyncLedgers today to start enjoying the benefits of local bookkeeping help you can count on!