When to stop DIYing Your Books and Hire a Pro

1. Are you spending too much time on bookkeeping instead of running your business?

DIYing often starts to save money but eventually ends up costing you more. Why? I’m glad you asked; because come tax time you will ending up paying by the hour for the CPA to clean it up. Then of course the hours you’re spending trying to figure out how to reconcile the bank account or categorize and expense when you could be spending those hours serving your clients, closing deals, and growing your business.

2. Are you confident your books are accurate? Does it keep you up at night?

You did not start your business to be an accountant, it’s not your expertise. When you look at those financial reports do you know what they mean? If I had to guess I would say that you probably keep some kind of spreadsheet or even a mental note of the health of your business, wouldn’t it be nice to have it translated and in black and white?

3. As your business grows, so will your financial needs, are you setting yourself up to scale up or fail?

The hard truth is that only 50% of small businesses will make it to their 5th anniversary, and many of those failures are directly tied to poor cash flow, bad record keeping and tax surprises. Growth in any business means the complexity of the business will also grow, systems you have in place may work on the small scale but will they work later?

Not sure if it’s time to hand off your books? Let’s chat. I offer a no-pressure, free consultation to help you figure out what’s best for your business—whether that’s working with me or not.”