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Bookkeeping: Outsource or In-house?

Discussion in 'Accounts and Finance' started by K, Mar 2, 2015.

Outsource or In-house?

  1. Outsource

  2. In-house

    0 vote(s)

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  1. K

    K Member

    Do you do your own bookkeeping or do you pay someone to do it for you?
  2. Enronitis

    Enronitis Member

    Do my own.
    Good to manage everything yourself though it can be overwhelming at times. Keeps you on top of what's really going on with your money.
  3. Purple

    Purple Member

    Outsource because I can't do it myself
    Tina Allen EA likes this.
  4. TyForest

    TyForest Member

    I take monthly ins and outs then send them over.
    Tina Allen EA likes this.
  5. zabac

    zabac Member

    I pay someone to do that for me, dont have time for that :rolleyes:
    Tina Allen EA likes this.
  6. Dandelion

    Dandelion Member

    Oursouce it. It's better if you outsource your bookkeeping. Because you can able to save a lot of time by this way. You know time is money.
    Tina Allen EA likes this.
  7. Roy Roger

    Roy Roger Member

    Over the long haul, your business could be influenced adversely by passing up a major opportunity even the smallest of records. You can take assistance from specialists in the field and let them deal with your business accounts without you needing to trouble in any capacity. You should go for Outsource services.
    Tina Allen EA likes this.
  8. Game Changer

    Game Changer Member

    I outsource it, don't have enough time to handle it myself.
    Tina Allen EA likes this.
  9. Jordan Weston

    Jordan Weston Member

    At first I do it myself but it cost too much time and right now outsource it.
    Tina Allen EA likes this.
  10. Twista Tom

    Twista Tom Member

    I decided to do it myself at first but after seeing a lot of recommendations here I decided to outsource it. Thank you guys
    Tina Allen EA likes this.
  11. Ryan Cameron

    Ryan Cameron Member

    No way..Outsourcing. Save lots of time.
    Tina Allen EA likes this.
  12. harpazo22

    harpazo22 Member

    It really depends. If you are capable of doing it yourself and are good at it, then you might as well do it from home. If not, then you should hire someone who's more skilled to do it for you.
    Tina Allen EA likes this.
  13. Half and half.

    I keep records and logs of all invoices and their status in a spreadsheet so I can keep ontop of who has paid and who hasn't. All the more complicated stuff is done by a professional.
    Tina Allen EA likes this.
  14. mtayp01

    mtayp01 Member

    Depends, really. If yours is a relatively small business, and you want to be hands-on with it, then you can do your own bookkeeping. Several Chinese businesspeople from where I am usually handle their businesses by themselves, and seeing how successful they are, I think there's some merit to it. But when your business becomes too large for you to handle by yourself, then of course outsourcing would be the most efficient way to go.
    Tina Allen EA likes this.
  15. William Clements

    William Clements Moderator Member

    I keep track of and record on a monthly basis for previous month. However, I have someone else filing my taxes for me.
  16. T J Tutor

    T J Tutor Member

    I outsource it all now, it's reasonably cheap and I know it's accurate!
    Tina Allen EA likes this.
  17. Marianne

    Marianne Member

    Outsource to someone who is reliable that you can trust. Best to find a professional who can not only do journal entries but analyze what is happening in your business and help you recognize opportunities. Outsource is better, but not helpful if you just hand over information and never strategize with the person looking at your numbers.

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