A brief YouTube short in which Bob Gauvreau explains why small-business owners should outsource bookkeeping and accounting. He emphasizes reduced disruption from staff turnover, faster transitions because outsourcing teams retain institutional knowledge, and reclaimed owner time — often for a nominal fee — so owners can focus on core business activities.
Chapters
One of the challenges that we see in our business, we work with about a thousand different business owners. When we bring a bookkeeper in and we hire a bookkeeper in a particular business, there's sometimes turnover, right? Especially as a small business, when someone comes in, they start learning the systems, how all of the bookkeeping works, and then they decide they're going to move on. It takes a long time to train somebody and get them up to speed. If you were to outsource your bookkeeping function instead, the organization has that knowledge. So even if someone within the organization were to transition, someone else can come in quickly and fill that void so that there's no lost time, no lost information. And that training and that ability to keep everything up to date happens instantaneously. And it's not your issue as a business owner, it's for the outsourcing agency. For us, we have about 30 to 40 bookkeepers on staff. If we have a client, we've documented how it works and how we can come in and bring another team member in should a transition need to happen. Other reasons why we want to look at outsourcing efficiency for you as a business owner. If you outsource this, you're going to get a lot of your time back. A lot of times we see business owners spending a significant amount of time doing their own bookkeeping and really not knowing what they're doing. They spend a lot of time trying to figure it out when they could outsource it for what I'm going to refer to as a nominal amount, because really, that's buying back your time to be able to focus on the important things inside your business.
