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.
Certifications include: 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