In-house bookkeeping when not completed by a qualified bookkeeper can contain errors and costly mistakes, after all we are all human. When someone in the office is handling the business bookkeeping as a side job so that your company can save money, it can end up being an expensive lesson.
If you have found that your errors are becoming costly, it may be time to look at outsourcing your bookkeeping. The Internet offers a variety of virtual resources from all over the world with many outsourcing companies more competitive than employing a full time qualified member of staff.
Why should I keep my bookkeeping in-house?
Keeping your bookkeeping in-house allows you a level of control, you can input your own details and figures and basically the buck stops with you. You can ensure all of your tax returns and payments are made on time, in-house bookkeeping is a good option if you have lots of employees and can afford to have an entire department dedicated to looking after your financial interests. Your accounting needs may be complex or specialized, if this sounds like your business then outsourcing can be costly. Keeping your bookkeeping in-house also allows you to set daily or weekly tasks for your staff members, or arrange meetings to keep everyone in the loop with regards to company matters. An in-house bookkeeper or accountant will be loyal to your business as well, whereas someone brought in on a … Continue reading....