We are all good in handling some areas of our business, while others, not so much. However, critical parts of any business are cash flow, bookkeeping and keeping records straight, and this is an area you must learn to handle well.
If you juggle many projects at once, being a solo entrepreneur or freelancer, you can`t keep up with handling your financial books, as well as the rest of your business. Plus, tax season is right around the corner.
Working with numbers can be overwhelming, as it can take a lot of time and give you a couple of headaches. On the other hand, there are companies, like Sighted, that offer free, online bookkeeping services. The best part is that you will have your invoicing tool and bookkeeping services all in one place.
I personally don`t adapt to changes very well, but if I see an opportunity that will make my life easier, and will sort out all of my financial records and taxes ─ count me in.
Below are three reasons, all from personal experience, why I think having an online bookkeeping service will help you in running your business:
1. It Saves Time
How many times were you unprepared for tax season? I was in that situation at least two times. My books were not ready, my taxes were not in place, and I had no idea who I billed and for what.
As you can imagine, I spent a lot of time sorting things out, and in the end, I missed my deadline.
From that moment on, I started to use bookkeeping services once per month. Online bookkeeping saves me time, keeps my financial books in order, and I can focus on my work.
The change of giving someone else the job of handling my financial records was new, but in the end, it was much more efficient.
2. It Saves Money
I guess you are wondering how hiring someone for bookkeeping services can save you money? That’s a good question.
However, I imagine that you have several clients and you probably have deadlines with each of them, and on top of that, the end of the year is getting close, and you need to handle your financial records fast.
The best solution for this process is, as I said, to hire a bookkeeping service to handle things for you. This way, you can focus on working with your clients and meeting deadlines, while not becoming frustrated because you don’t have time to get everything done.
The small cost is worth it, and it enables you to make more money by freeing up your time.
3. It’s Error Free
If you are in a position to fix your bookkeeping records by yourself, you probably realize how long the process will take, and on top of that, you might make several errors because you are not a professional bookkeeper.
Financial records need to be up to date as they are showing you what path your company is heading in. It shows you if we are receiving enough cash flow and where your money is going. Having a professional that will help you to keep that under control, error-free, is extremely valuable.
Final Thoughts with Sighted
Today, as a freelancer, you are juggling projects ─ many at the same time ─ all the while looking for that next client. It`s a busy world, and if you are a small business owner or freelancer, you are your own boss and know that one of the most valuable assets is having a service to handle bookkeeping records for you, as it gives you back valuable time each day.
Thankfully, with bookkeeping companies, such as ours here at Sighted, you will have an invoicing tool and bookkeeping service that will help you to stay on top of your obligations, and keep all of your records in one place.