Small business owners have a lot on the go and often leave the bookkeeping until tax time. Balancing priorities is a way of life for any business owner and bookkeeping often does not make it to the top of the list.
Shifting from an employee CFO to a Virtual CFO allowed me to continue to do the work I love while balancing other priorities. Smaller organizations need the level of expertise that seasoned experts can deliver but they don’t require a full time role. This can open up some really interesting opportunities that provide a good fit both for the organization and for the virtual CFO.
The concept of delegating is well accepted but often difficult to implement in practice. To effectively delegate, consider outsourcing to an experienced, high quality resource.
A bookkeeper can take care of a number of core business tasks and these are easy to outsource.
Bookkeeping is well worth considering for outsourcing and has a well established history. The secret is in finding the right model for you and your business.
Sometimes, the best Christmas gift is something you don’t think you need. What should small business owners be asking for this holiday season?
Do you find it challenging to concentrate on the strategic aspects of your business?
There are no stupid questions when it comes to accounting. The best accountants are the ones that are approachable and part of the team.
How do you know that the accountant you hired is doing things right? We can’t be experts in all areas, but we do need to know whether the work is done well.
If there is one business issue that focuses attention on your accounting, it is the inability to pay all your financial obligations when they are due.