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Unlocking Business Success: The Benefits of Outsourcing Your Bookkeeping

Monday, February 12, 2024

If you found yourself neglecting your bookkeeping duties throughout 2023, allowing your financial records to fall behind and leaving you in the dark about crucial metrics like profit margins, cash flow, and expenses, it's high time to consider outsourcing your bookkeeping services. Ignoring the financial health of your business is a risky move, so why not take action now? What are the benefits of entrusting your bookkeeping to professionals?

1. Cost Savings on Staffing and Payroll:

Hiring an in-house bookkeeper might seem like a convenient solution, but it often comes with hidden costs. Beyond the salary, you'll be shouldering expenses like insurance, benefits, and training. Even a part-time in-house bookkeeper doesn't escape the high payroll costs, including employment taxes. Outsourcing your bookkeeping not only eliminates these additional expenses but also ensures you get expert services without the hefty price tag.

2. Access to a Wealth of Expertise and Resources:

In-house bookkeepers may find themselves isolated when facing unexpected challenges, lacking the resources to seek assistance. Their expertise might be limited, hindering their ability to adapt bookkeeping systems to accommodate your business changes and expansions. On the other hand, outsourcing to professional bookkeepers provides access to a diverse pool of financial experts with a breadth of experience. Managing books for various clients, they stay abreast of state and federal regulations, offering proactive compliance measures for your business.

3. Time Liberation for Business Focus:

Bookkeeping is often a time-consuming and monotonous task, with the average small business owner spending a full day's worth of work (eight hours) each month on these activities. By outsourcing this responsibility, you free up valuable time that can be directed toward growing and enhancing your business.

4.Stress-Free Tax Season:

An outsourced bookkeeper becomes a valuable asset during tax season. Timely and accurate financials are crucial for filing taxes, and your bookkeeper can provide the necessary information swiftly to you or your accountant. This not only streamlines the tax preparation process but also ensures compliance with tax regulations.

In summary, outsourcing your bookkeeping not only helps you cut costs and tap into a broader knowledge base but also grants you the freedom to concentrate on what matters most—expanding and nurturing your business. Make the smart move and relieve yourself of the bookkeeping burden, allowing your business to thrive with efficiency and financial clarity.

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About J&S Accounting

J&S Accounting offers full-service bookkeeping, payroll, and consulting services. Our team understands that well-organized financial records help your business run more efficiently. We are a woman and minority-owned accounting practice improving the financial management of small businesses and nonprofits in Savannah, GA and nationwide.

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"...Janel has patiently worked with me to get my books organized exactly how I need to see them..."

We could not be happier with the services J&S Accounting provides our company. Janel and her team seamlessly migrated all of our companies financials to QuickBooks without any disruption to our day to day operations and they continue to support us with our bookkeeping and payroll needs. Janel has been an absolute pleasure to work with and I highly recommend them to anyone looking for help with business accounting and QuickBooks!

"Janel and her team seamlessly migrated all of our companies financials to QuickBooks..."

Janel has been a lifesaver! My husband and I have owned our small business since 2016 and I can honestly say I have never felt more confident in my books since I started working with J&S. We have multiple locations, channels of revenue and POS systems and Janel has patiently worked with me to get my books organized exactly how I need to see them, which was no easy feat! Businesses function on well built systems and our bookkeeping system needed a lot of help. Janel worked with me to rebuild, fine tune, and is assisting me in maintaining our bookkeeping system and I am forever grateful!

"We highly recommend her to anyone who needs help with bookkeeping!"

Janel has helped us navigate our bookkeeping and tax prep for several years now, and we'd be lost without her! We highly recommend her to anyone who needs help with bookkeeping!

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Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.