Xtraordinary Women Magazine August/September 2015

Why outsource your bookkeeping? Bookkeeping is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious health repercussions. For the most part, this is why business owners just want to hire someone to do their Bookkeeping thus avoiding the tedious and arduous task of having to do it themselves or at the best – having to even think about it until the accountant calls for their books. All the schools of thoughts encourage entrepreneurs to focus on their strengths and to hire people to action the tasks in the business that are not the entrepreneur’s core competency. In our mind that’s the best advice anyone can give a new business owner – when you don’t like doing something, mistakes happen and in the case of the finances – these mistakes can be detrimental to the business – effecting their bottom line! Most medium to large businesses employ one or more bookkeepers and accountants. Even very small businesses needs to at least have a part-‐time bookkeeper. It is a common misconception that you will lose control if you outsource the bookkeeping function.

Xtraordinary Women Magazine August/September 2015 | Page 62