SPONSORED: Think Twice Before Being Your Own Bookkeeper

Being a small business owner these days is tough. Entrepreneurs face challenges at every turn and it requires personal investment of time, talent and treasure to be successful. Not the least of these challenges is stretching available resources by taking on operational tasks personally. It’s no secret entrepreneurs wear many hats; many times they are the marketing department, the HR department, the purchasing department and the cleaning crew all rolled into one. Even those businesspeople who have grown past the stage where they have to do everything themselves still feel that tug to stay connected to many of these functions in the name of retaining tight controls. Bookkeeping is one of those business functions that’s often an afterthought for small business owners, something to be done on weekends or passed off to one’s spouse, in order to save money. That works in theory, but with everything else that can pop up, bookkeeping tasks are also easy targets to be pushed to the side. With everything that can come along unexpectedly in a typical day, it’s altogether too easy to save updating the books for another time. One big negative of postponing your bookkeeping tasks, maybe because a machine broke or a client moved up a deadline, is such tasks have a tendency to snowball, putting you constantly in catch-up mode and increasing the chance for errors. Moreover, bookkeeping is more than keeping an up-to-date ledger, it’s a roadmap for how your company...
Source: Arkansas Business - Health Care - Category: American Health Source Type: news