The Three Signs It Is Time to Stop Doing Your Own Books
Three practical signs your own bookkeeping has stopped working: a yearly extension, no answers about last month, and bookkeeping late on Sunday night.
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How do you know it is time?
How do you know when doing your own books is no longer serving the business? Look for three practical signs.
Do you file an extension every year?
The first is filing an extension every year because the books are not ready when you need them.
Can you answer questions about last month?
The second is being unable to answer a basic question about last month's financial numbers. If someone asks what happened recently and you have to guess, the books are not giving you useful visibility.
Are you doing the books late at night?
The third is doing bookkeeping at 11 o'clock on Sunday night. That may keep the task technically checked off, but it also means financial organization is competing with your rest, your family, and the work that only you
Does needing help mean you failed?
can do. None of these signs means you failed. They mean the business may have outgrown the way the books are being handled. The goal is not to hire help simply because someone says every owner needs a bookkeeper. The goal is to recognize when the current process creates delays, leaves you without clear answers, or repeatedly takes time away from running the business.
Who can help?
Need help getting your books cleaned up? Ta-Da Accounting can help you get back on track.
Need help getting your books cleaned up? Call (310) 800-4494 or send us a note.