Source: ProductivityLand.com | Repost 10/24/2019 –
Running a business is rewarding, but also insanely time-consuming.
According to a 2015 Constant Contact survey, over 40% of small business owners say they don’t take vacations, while another 40% say they don’t have enough time to spend with their friends and family.
Despite this, an overwhelming 84% of the same business owners say given a second chance, they would make the same choices again.
And this begs the question: How do you save time while handling all the accounting and management tasks of your business? In this article, we’ll explore 5 small business accounting tips that will help you save time.
1. Consider Hiring a CPA, Even If It’s Temporary
When it comes to running a business, time management is critical.
According to Oberlo, creating a plan of action is necessary to prioritize your resources, and ensure optimal time management, especially if you run an e-commerce store. As such, you may want to hire a professional to handle your accounting so you can focus more on strategic tasks.
Hiring a CPA can make a huge difference in your business performance and time-saving. Sure, you can hire a bookkeeper at a fraction of the cost of hiring a CPA. But CPAs are more adept in handling tax and complex business accounting tasks.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com
Certified Public Accountant (CPA)
Certified Bookkeeper (CB)
Advanced Certified ProAdvisor for QuickBooks Desktop
Advanced Certified ProAdvisor for QuickBooks Online
Certified ProAdvisor for QuickBooks Enterprise
Certified ProAdvisor for QuickBooks Point Of Sale