Accurate bookkeeping that produces insightful reports is important for any business and especially for small businesses that are just starting out. Because bookkeeping for small business is so important, many choose to outsource the job to get better results as well as to save money. For many small business owners, bookkeeping is a challenge because their skills are in their profession or trade and not in keeping the books. Thus they not only don’t do bookkeeping well, but they also do not get reports that benefit their businesses. This is one of the major reasons why many small business owners choose online bookkeeping services from folks like Exigo Business Solutions in the Kansas City area.
There are two common reasons why businesses outsource their bookkeeping. The first is that the job is not being done very well and that is causing problems in the company. The other is that the business owner finds that online bookkeeping services are more affordable than having a bookkeeper in house. But, there is another reason why outsourcing bookkeeping for small business makes sense. When you outsource to a trusted company like Exigo Business Solutions you gain access to experience and skills far beyond those provided by your in house bookkeeper.
When you outsource your bookkeeping to a company like Exigo Business Solutions the work gets done more quickly, errors disappear, your cost of bookkeeping generally goes down, and you benefit from business intelligence solutions and increased efficiency. Simple things like how you handle paper receipts can slow down your business and cause problems or be handled efficiently with savings that improve every year. When you work with Exigo Business Solutions we typically recommend that you use a tool called Receipt Bank where you take a digital image of each receipt and upload to software that converts the information to digital and puts it in your bookkeeping software. This allows you to access old data more easily and gets rid of the problem of storing paper receipts for years and years.
Payroll can be a chore and it becomes a nightmare when you do not do it correctly. By outsourcing to this chore with the rest of your bookkeeping for small business you get the job done right, without errors, on time, and affordably. This is a job, like doing your taxes that can be handled by an outside expert and result in savings.
As we mentioned at the start, when you outsource your small business bookkeeping to the experts at Exigo Business Solutions you benefit from experience and insights that you previously did not have and could not afford to employ in house. Two of these have to do with solving business dilemmas and make profit a habit in your business. The other has do to with giving you the sort of high quality financial advice that only Fortune 500 companies usually get.
At Exigo Business Solutions we are not only the top accounting firm in the Kansas City area but Fix This Next coaches as well. Fix This Next is an efficient way to identify and resolve nagging and costly business issues. It goes to the heart of things by identifying problems in the business hierarchy of needs. These are the problems that commonly remain unidentified and keep causing trouble. And, these are the problems which rob you of time and money because they never get fixed. With a Fix This Next coach like Exigo Business Solutions at your side you will be able to track down those problems, devise solutions, and set up efficient tracking systems that keep the problems from returning. The result is that have more time to devote to your business and generally see an increased profit.
Too many small businesses struggle to make a profit each month and are constantly having cash flow problems. The Profit First method comes to the rescue of many small businesses with this dilemma. At Exigo Business Solutions we are certified Profit First professionals and can guide your business in making profit a habit. The system works because it manages cash flow and budgeting in such a way that you take a profit with each pay cycle. Then you track down the problems that are robbing you of profit over the long term and deal with them. We advise the use of Profit First for our clients because we dedicate ourselves to maximizing your profit and not just providing you with reports of profit and loss.
As a small business, you cannot afford to hire a full time CFO or chief financial officer even though you would benefit from that sort of expertise. However, you can outsource your bookkeeping and accounting chores to someone with that skill set. At Exigo Business Solutions we provide CFO-quality financial advice at outsourced accounting rates. Many times a suggestion or two from an outsourced CFO can make the difference between a normal business and one that grows, succeeds, and dominates its niche.
For more information about how we help with bookkeeping for small business, contact us at Exigo Business Solutions in the Kansas City area.