When you’re building your business, it’s inevitable that you’ll hit growing pains along the way. For example, it can be hard to make the leap from a handful of employees to a bigger team, expand to a larger building, or start to outsource some of the work you currently do in-house. However, depending on the size of your business and the talent available to you, you might hit a point where it makes sense to outsource your accounting. If your first thought is, “Why outsource accounting?” this is the blog for you. We’ve outlined some common pain points that outsourced accounting can help address, and how our clients have used these services to continue to grow their businesses.
You’re missing that month-end piece
The most common scenario we see with our clients is that they are missing regular month-end processes. Whether you’re struggling with doing month-end closing, don’t get to it in a timely manner, or you don’t get around to it at all, we can help. Playing catch-up at the end of the year without properly closing each month can mean you’re missing out on important information along the way that could help you better run your business. Don’t leave it all to the end, or leave yourself open to unpleasant surprises.
You need to give your bank confidence in your numbers
One of the other things we see often is clients who need to gather reporting and information for their bank. We can help keep your bank up-to-date on the health and prospective future of your business. The more your bank has confidence in your numbers, the more they’ll support the growth of your business. We’ve got you covered.
You’re looking for direction or a leader
Think of your company like a football team. It’s great to have members of your team that can block and tackle for you, but without a quarterback to chart a good course, you won’t be successful. Outsourced accounting can serve as your quarterback, even to the degree of having an outsourced CFO. Having an outside perspective on the financial performance and potential paths to success for your company can provide invaluable insight.
So why outsource accounting? If you’re looking to take your business to the next level, you can’t afford not to. If you want to learn more, contact us today!