How much is your time worth? Have you ever sat down to consider and calculate the hourly cost that you are spending by doing your own accounting and bookkeeping? Here is an easy and quick way to make that estimate. On an average day in your business how much revenue can you and or your employee(s) generate? Now, take that number and divide it by the number of hours that were spent to generate that revenue. That is the true cost to you when you are doing your own accounting and bookkeeping. Every hour that you spend on accounting and bookkeeping is an hour that you could be spending on generating revenue within your company.
How much do you know about accounting? You may have had some business classes or grown up in the family business and be familiar with accounting and bookkeeping, but if it is not your full-time occupation you may be missing out on some of the finer details that could help save you money in the long run. Tracking and allocating correctly are essential when understanding how your small business is doing. We are a family of professionals that have done accounting and bookkeeping for many years. This is what we do and we do it well. We keep up-to-date on the latest technology and tax information so that we can save you money and time.
Lack of Interest: Why spend hours doing something that you dread or just don’t want to do? Preparing financial statements, entering invoices, calling on accounts past due, entering bills, and preparing checks; are these things that excite you and drive your day? If not, then you should turn them over to someone who loves doing this and yes, we are out here. We love being able to organize your accounting information so that it is timely, accurate, and relevant.
Timeliness: Monthly or Quarterly Financial Statements, paying your bills on time and getting invoices paid to you quickly can have an immense impact on your small business. You should rely on timely financial statements to evaluate and determine the direction of your business. Your suppliers rely on getting paid in a timely manner so that they can continue to meet your needs for services and products. You rely on your customers or clients to pay their invoices in a timely manner so that you can continue operations and be profitable. We can help with all of these aspects. We do this through quick and accurate entry of your financial information, your payables, your receivables, etc. and the production of reports that you can utilize.