Running a profitable business involves more than just selling products at a higher price than what you pay for them. There are a variety of overhead costs which can be cut by outsourcing when you are trying to improve your profits. Bookkeeping and payroll are two internal business functions that can be outsourced to produce huge cost and productivity efficiencies. Outsourcing non-core activities will permit you to spend more time in the areas of your business that drive higher profits. For a simple effective way to cut your overhead, consider outsourcing your bookkeeping and payroll.
If you have been doing your own bookkeeping, you are probably spending more time on that process than you need to. Doing the books cuts into the time you could be spending on operations and sales improvements. An option for reducing overhead is to outsource the books to a Professional Ocean County Bookkeeping and Payroll Service. The efficiencies created will lower costs and free up time to manage and grow your business.
Outsourcing your bookkeeping to a professional will allow you to clearly see where you may be spending more money than you should in your business. The Pareto Principle Theory is that 20% of the money you spend should generate 80% of your profits. If your numbers are not close to that you need to make adjustments. A professional bookkeeper will have the expertise to get your overhead in line with where it needs to be.
If your CPA is handling your books you are probably spending $150+ per hour just for basic bookkeeping. A far more affordable option is to hire an Ocean County Bookkeeping and Payroll Service that is QuickBooks Certified at a fraction of the price. This firm should be able to handle all of your bookkeeping and provide the information you need to cut costs and improve profits.
The author: Dawn Contardi ,owner of Sharp Bookkeeping Service, a Certified QuickBooks ProAdvisor and a member of the American Institute of Professional Bookkeepers with 25 years of experience can be reached at 732-458-3800 or www.sharpbz.com.