1. Frees you up to focus on the growth of your business. More often than not, bookkeeping involves time-consuming tasks. Leaving these details to a professional partner allows you to spend more time on the bigger picture. 
2. Manages your cash flow and whether or not it means money in the bank. Bookkeepers manage your cash flow and determine it actually means money in the bank. They recognize patterns of your business cash flow especially when you’re scaling up.
3. Saves Professional Fees for Tax Prep and Financial Statement Prep. In addition to crossing the t's and dotting the i's of your finances, having your statements in tip-top shape can save you extra costs when tax time comes around. 
4. Spots suspicious transactions, fraud and embezzlement. The unbiased eye of an experienced bookkeeper knows to look for unusual financial activity that could be a sign of monkey business in your business. 
5. Watches your profits and losses…with a keen eye on both! As you take advantage of the extra hours you'll gain to focus on more global aspects of your business, a bookkeeper will keep you in the know when it comes to where you are gaining AND losing money.
6. Identifies and advises on money-making opportunities. Your bookkeeper is a specialist with your funds and understands when your business has a chance to reallocate capital. Bookkeepers have an eye for long-term wealth and keep the current company’s financial state in its best interest.
7. Ensures prompt payment of invoices. Whether it’s an outgoing or incoming invoice, clients expect to be billed with consistency. Not to mention, when the business has to pay others, prompt payments build trust in partnerships and will maintain credibility. 
8. Keeps the IRS smiling with timely filing and immaculate books. Ensuring smooth tax preparation means you won’t be sifting through disorganized filings and tax paperwork. You reduce your chance of an audit from the IRS and you also can get a clear snapshot of your company tax obligations. 
9. Saves you money with spot-on deductions. Every dollar that you claim is going to have a positive effect on your tax bill. Every deduction needs some sort of proof - no matter how big or small the expense - and your bookkeeper plays a major role in putting these details together.
10. Compliance, compliance, and more compliance. Having another set of eyes on your books keeps your business on the government’s good side. There are laws and regulations that your business has to follow, and bookkeepers know exactly what their capabilities are. They know when to give advice and when to pass it off to another professional, such as tax advice.
    

Count on WWS, CPA to Keep Your Books

At Wayne W. Stanforth, CPA, we offer a one-hour free initial consultation. We advise on the threshold of identifying, recording, and tagging assets and liabilities, which helps in business succession. Learn more about how we can help your business by contacting us today.