"Delegate" is such a buzz word these days. I personally love the word and the idea of only doing the stuff I love (or have time for) and letting an expert do the rest. I have 5 kids so I delegate ALL. THE.TIME. Washing dishes, vacuuming, packing lunches, mowing the grass, cleaning the bathroom, folding the laundry...ahhh delegation is a beautiful thing.
As a business owner, your main strength probably lies in providing the actual service or product you're selling. You are likely extremely talented and have other skills and strengths as well. But as you list out all of the tasks in your business, my guess is that you've already identified the ones that somebody else could do.
Delegating the bookkeeping for your business can have a big impact on your time and finances. And thanks to secure, cloud-based software, these days a bookkeeper can be located anywhere and still work with your business.
Here's what it looks like to successfully outsource the accounting/bookkeeping for your business to Tidy Books.
1) Setup: We set up a simple yet comprehensive accounting system so that you be as hands off as you want to be.
Through cloud-based software, we set up and organize your finances in a way that's easy to understand and maintain. Typically this involves starting at the beginning of the current year and making sure everything is 100% accurate and up-to-date.
You will connect your banks accounts to the secure software so that your transactions are automatically downloaded each day. We can also create a receipt management system to make things really easy in case of an audit. Many client management softwares also integrate really well with programs like Quickbooks and Xero to make sure everything matches.
2) Ongoing bookkeeping: We keep a close eye on your finances by tracking and categorizing all of your income and expenses.
In the beginning there is A LOT of communication about transactions. For example, we might ask if the expense from Amazon was equipment, office supplies, etc. As we get to know your business, our list of questions will get shorter every month. You'll also be able to forward your receipts for us to attach directly to your transaction.
3) Reporting and Meeting: Know exactly where your business is at financially, stay on target with financial goals, and pay yourself well.
Once we have the numbers 100% up-to-date and accurate, we put it all together and have monthly video calls to walk you through exactly where your business is at. We also talk about goals and look ahead to what's coming for the rest of the year.
This is a breath of fresh air as it empowers you to see the big picture of your business and make confident business decisions. We also prepare everything you need for taxes and can work directly with your CPA at tax time.
Tanya is a photographer-turned-bookkeeper who loves helping small businesses by taking on their least favorite task so they can do more of what they love.
While she specifically serves photography business owners, she also partners with any type of business to help them get clarity around their numbers. To get more details, click here.