The Business Owner Struggle

Working late nights? Weekends? According to a Gallup poll, 39% of small business owners work more than 60 hours a week.

Start tracking how much time you spend on bookkeeping and determine how much your time is worth. Compare your "salary" to that of hiring a professional bookkeeper. Depending on the complexity of your finances and the number of transactions you have, hiring Busy Bee could free up significant time for you to invest back into your business.  

The health of your business is reliant upon understanding your cash flow. If you find yourself updating your books once every few months, or just in time for your taxes, you may be finding it more difficult to know your profit, and even blind to what your company is making and what is needed to increase your income.

If you find yourself sending bank transcripts and expenses to your accountant at the end of the year, you may want to refer back to "Know your worth". CPA's generally charge more per hour than a bookkeeper.  An accountant won't necessarily provide you with the retroactive monthly financial reports which are pertinent in securing loans, growing the business, and understanding where your money is spent. 

Okay, this one is a tough one. Not all of us even LIKE finances, but we know there are small business tax deductions we may be eligible for. That's where a bookkeeper comes in. Our job is to routinely categorize every transaction, which your accountant can use at tax season to determine deductions which they otherwise may not be aware are there.