Oftentimes a small business does not have enough bookkeeping work to keep a bookkeeper busy on even a part-time basis. But those tasks still need to get done, so a typical business owner will add them to his or her to-do list. Instead of taking on this gargantuan task, outsourcing your small business bookkeeping spells peace of mind.
Is doing your own small business bookkeeping or accounting a smart strategy? Ask yourself:
- Do I enjoy keeping the books for my business?
- Is this the best use of my time?
- Am I current in my bookkeeping, or is there a stack of account statements to reconcile, bills to pay and invoices to send out?
- Do I know how much my business has in receivables, bills to pay and cash in the bank right now?
If the answer to any of those questions is “no,” consider outsourcing these tasks to Lakewood bookkeeping and accounting specialist Magical Bookkeeping Solutions LLC..
Outsourcing your bookkeeping is a simple, cost-effective way for a small business owner to maintain accurate accounting records without having to employ a more costly CPA. It also ensures that smaller accounting tasks get completed as they need to be done and not allowed to pile up.
Freelance bookkeepers offer a variety of services to the business owner, including:
- Customer invoicing and statements, monthly or as needed
- Handling receivables, cash and bank deposits
- Processing accounts payable
- Preparing Form 1099 and year end Form W-2′s
- Payroll services, including calculating and filing payroll taxes
- Preparing monthly, quarterly and annual financial statements
- Bank account reconciliations
Quality freelance bookkeeping services will often provide any forms you may need and will help you purchase, set up and learn to use accounting software, such as QuickBooks.
By outsourcing bookkeeping duties, a business owner can focus on the core tasks of your business – customer service, marketing, growing sales and managing people. Besides improving the business owner’s productivity, a freelance bookkeeper can save you as much as 40 percent of the cost of keeping a bookkeeper on staff.
Freelance bookkeepers are often trained by CPAs or have a college degree in accounting. Bookkeepers are often qualified to complete tax returns, but the preparation and filing of annual tax returns is typically the responsibility of your CPA or financial advisor. Additionally, most bookkeepers do not offer a review of the financial statements they prepare.
At Magical Bookkeeping Solutions LLC, we realize that businesses come in all sizes. We can handle the needs of companies from sole proprietorships to many employees in different departments.
Call Joy Phelan at 303-376-6305 or email joy@mbsllc.biz to discuss your bookkeeping needs. The opportunities and benefits of outsourcing are endless, but the most important is peace of mind. You will know that necessary tasks are being completed on schedule and accurately.
Visit our office at:
Magical Bookkeeping Solutions LLC
1767 Denver West Blvd., Ste A
Golden, CO 80401
303-376-6305
fax 303-827-2479
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