Running a small business is no easy feat. There is never enough time to put all aspects of the business in the right direction. From making short and long-term business decisions, managing day-to-day operations, settling bills, coordinating employees, and dealing with the cost of operation.
It’s difficult to run a small business without some external expertise in areas that are not your core competency. That’s where we come in.
Outsourced Bookkeeping Services
Bookkeeping is an integral part of any small business. Solid and meaningful bookkeeping is the first step to really grasping your business’s finances. And that information is the key to long term growth and expansion. Small businesses with the right bookkeeping and accounting practices achieve their goals and expand at an exciting pace.
Without prior accounting knowledge and background, small business owners may find it difficult to manage bookkeeping. But it is possible to have a financial expert manage the bookkeeping functions of a small business with Financial Optics. Here are some of the key benefits when you outsource bookkeeping to us.
Time is your valuable asset, whether that’s your time or someone on your team’s time. The main benefit of outsourcing your bookkeeping as a small business owner is you’ll gain by valuable time not having to organize paperwork and financial information. Logging financial transactions and balancing a ledger can be a large time commitment for those not intimately familiar with bookkeeping.
Hiring Financial Optics to oversee your bookkeeping gives you back valuable time you focus on the most important parts of your business. You can use this time to check and improve operation processes, and customer service. Not to mention, a certified professional can likely run your paperwork in the portion of the time.
With the extra hard work and piles of paperwork gone, you can pay attention to customer-facing side of your small business, like sales and operations, and invest more time into your growth.
It is more cost effective to outsource bookkeeping functions to an expert than hiring an in-house bookkeeper to handle the process. Having an in-house bookkeeper means extra payroll costs you would have to pay, including hourly or annual wages, benefits, and time spent managing another employee.
But outsourcing bookkeeping functions saves operational costs that could go into the growth of the business. You can increase the number of your sales staff, get more equipment, or even expand the physical facility of your business.
Outsourcing the bookkeeping of a business to Financial Optics will ultimately earn small business owners more time and financial freedom. You, the business owner, are no longer spending time trying to manage a core business process for which you don’t have the expertise. And to no fault of your own, you didn’t start your business because you have an accounting degree or vast financial management experience.
Hiring an in-house bookkeeper involves a lot of training – everything from onboarding to getting your bookkeeper familiar with your industry and your business. Even more training and potential risk are involved when business owners delegate their bookkeeping functions to family members who do bookkeeping on the side.
Family bookkeepers come with many hidden expenses, like the time needed for oversight or costly errors that an expert would not make. A lack of formal training can lead to compliance issues, and there are sure to be missed opportunities from not having an expert with decades of experience performing the bookkeeping for you. And you have to ask yourself, do you have the expertise to manage this process in the first place?
The experience is completely different when you outsource your bookkeeping functions to Financial Optics. In-house and family bookkeepers need a certain marginal time to “adapt” to the nature of your business and this could lead to errors that have an impact on operational costs. And most “bookkeepers” are transactional based workers and don’t really have the financial analytical skills you need. We have decades of experience working with many different types of businesses, so we’ve seen and handled it all.
We can offer accuracy from the start. We use automated systems and models to track and keep financial records in order. We have processes for double and triple-checking transactions and records for accuracy. With us, the chance of errors or oversight is almost non-existent.
Unlike most traditional accountants and CPA firms, we take a modern and virtual approach to bookkeeping. This means we’re not using outdated manual processes to record all your financial transactions.
The use of our financial portal for bookkeeping and accounting has so many benefits. It offers increased accuracy and stores financial records in a centralized cloud storage platform.
Small business owners will have live access to QuickBooks Online. You’ll have access to your business financial records from any location, 24 hours per day and 365 days per year.
You can access your finances, track your transactions, and get information on your business performance with a simple mouse click or phone tap. Our online portal keeps your information safe, organized, and fully accessible to anyone with permission (and only who you give permission to) even as our team updates the daily financial activities.
“Tim Sernett has been our accountant since 1993 and has met and exceeded all of our needs during our relationship. Easy access and quick answers makes my job easier and allows me to stay focused on our core business.”
Vincent Woska, President, Scantek
We use the numbers from your business to paint you a picture of your progress and growth curve. We offer weekly reports with detailed reports on a current cash balance and cash flow management. This information will help you run your business, and sleep better at night knowing your current financial position. The weekly reports also give insight into how your day-to-day business decisions affect your business. Thus, it’s easy to see where you are going against profits and how to make improvements.
At Financial Optics we don’t just crunch numbers and spit out reports. We provide accurate financial data and help you understand how to use the data to grow a healthier business.
Why not book a free 1-hour consultation session with our experts and let’s discuss your business? Let’s show you how you can improve your business by outsourcing bookkeeping to the right team.
Are you searching for an accounting team that cares about your business and wants the best for you?
Our financial services are tailored to your business so you can experience measurable growth. It all starts with a conversation.
