When you’re the owner or manager of a small business, accurate bookkeeping is a constant concern. You probably don’t have the time or skills to do it yourself, but do you need a full-time accounting professional, or even a complete accounting staff? In order to answer that question, you should consider two factors: the needs and budget of your business.
First, what does your business need? Available accounting-related services include audit services, bookkeeping, managerial accounting, financial reporting, payroll services, and more. Further, how often will your business need these services? If your accounting needs are limited, you may only have to hire a professional for a few days every month. If that’s the case, you’ll find that outsourcing your accounting to the professionals at Denver Accounting Services, Inc. is a great solution to your business needs.
Once you’ve determined what accounting services your small business requires, think about how much you can afford to spend on accounting services. On the surface, it may appear less costly to hire a person – maybe even just part-time. But can you be sure that a part-time bookkeeper really knows what they’re doing? And don’t just consider salary; the full cost of employment includes payroll taxes, health insurance, and employee benefits, not to mention hours spent introducing a new employee to the way your business runs. Outsourcing your bookkeeping service in Colorado is less costly, and it’s actually quite commonly done. According to surveys, over 60 percent of all small businesses in the country use the services of an outside accountant. You’ll be pleasantly surprised by how much money your company will save by outsourcing its accounting needs to a reputable, professional firm like Denver Accounting Services, Inc.