How can you decide between working with a local bookkeeping firm and the alternatives? There can be significant drawbacks to letting a major accounting corporation take on your books. Likewise, keeping it in-house is expensive. Local firms provide benefits that surpass any other advantages from those two options.
A Local Bookkeeping Firm Means People You Know
Working with national-level bookkeeping and accounting firms can be intimidating and expensive for small businesses and startups. You might be relying on a local office for your contacts, but beyond that, it’s hard to say where your information is going, or whether anyone there really cares about your company.
By contrast, working with a local bookkeeping firm means that you get to know a group of people who are personally invested in helping your business succeed.
Local Bookkeeping Firms Know the Local Business Environment
National firms may be in tune with global economic events and industry conditions, but there can be a big disconnect from the facts on the ground in each community. Working with a local firm means working with people who can visit your office or shop. They can see and feel your community, and they know what it’s really like to live and work in your city.
Local firms understand the feelings and dynamics of other small businesses in the actual context of where they live and build. They know how the success of each neighbor affects that of the other businesses around them. That informs their understanding of how it affects your bookkeeping needs.
Working with Local Firms Increases Your Efficiency
The main advantage of hiring a local bookkeeping firm, of course, is that you no longer have to do all of your accounting work yourself. Whether you as an owner or a manager have had to personally invest time in updating the business’s ledgers, or you’re worrying about whether to hire more in-house staff, you’re talking about investing a lot of additional time and money in that process.
Delegating the bookkeeping to a local firm means freeing up those resources. Costs for local firms that specialize in bookkeeping are lower than what it takes to do the job in-house, so you can redirect those funds towards your core business growth. It can be just the boost you need to take the next step in your company’s journey.
Be sure to reach out to us here at SyncLedgers today if you’re looking to improve your bookkeeping. As a local firm serving Utah’s Silicon Slopes and the whole Wasatch Front, we know our neighborhood, and we know how to help your business succeed!