We meet a lot of clients and business owners who fill up their time working on their company’s finances, hoping that the extra graft that they’re putting in is paying off. But is there a way to loosen the strain, generate more flexibility and free up time while still completing those daily tasks? Today, we weigh up your options relating to bookkeeping, aiming to spark an idea of change for you.
Outsourcing your bookkeeping
- More time to provide valuable assistance to your clients
Think about the time that you spend sorting through your receipts and invoices, ensuring that your bookkeeping is up to date each week. Now think about how much additional time you would have if you passed that work on to a reliable pair of hands. Time that could be spent improving the functionality of your business, or assisting clients within tighter timeframes, improving your levels of customer care and leaving your clients even more likely to recommend your services to others.
- Usage of the top bookkeeping programs
Another benefit is that your outsourcer is most likely using the most current programs and systems for bookkeeping, ensuring that your information is being generated, stored and displayed in the most efficient form, enabling you to create more precise decisions and goals based on the figures.
- Loss of control
Whilst outsourcing could free up your time, allowing you to dedicate it to other areas within your business, you must be able to accept the loss of control you will have over your documents and have a high level of trust in an outside source completing the work on your behalf.
Learn bookkeeping using online courses
- Deeper control and knowledge
By committing yourself to an online course for your bookkeeping work, you will have the ability to know where each aspect of your business stands. With knowledge of the figures and where they have come from available to your own eyes, you are able to make precise decisions on what to adjust for additional benefit to your company.
By learning the ropes to bookkeeping yourself, you won’t need to hire external resource or an additional employee, saving you costs in the long run which could be put towards the purchase of the newest bookkeeping software to benefit you and your company, creating effective and efficient work.
- Learning time
A potential downside to taking an online course is that you will have to sacrifice additional time for learning. Some courses are flexible and allow you to commit your time to them at a point in the week that best suits you and your businesses, but the time you commit now will be worth it in the long run.
Depending on the current point that your business may be at, whether it be long-standing or relatively new, these factors will play a part in which option you choose to take. With positives and negatives to each option, you will be able to choose the one that will benefit you and your business more effectively. Here at Cain & Beer, we offer both bookkeeping services and online training. Our training covers the XERO and Hubdoc systems at £199.00 plus VAT for five one-hour long sessions, which we teach via online Zoom calls to allow it to feel as personal as possible and allowing you to ask your questions freely.
If you have any queries about your bookkeeping or would like to arrange a meeting with us at Cain & Beer, contact us by calling 020 3633 1340 or email us at where we will be happy to get back to you.