Many business owners are aware of the key impact their accounting and bookkeeping activities have on the business. These activities can be extremely time-consuming, however, which is why it may be beneficial to engage a freelance bookkeeper. In case you are a start-up entrepreneur, then the option to hire a freelance bookkeeper could be one of the best steps you take in your business. Let us examine five good reasons why.
1. Cost-Effectiveness

Freelance bookkeepers cost less than employing someone as a full-time staff. For what reason? With regards to full-time employment, the employer will be responsible for regular salaries and additional benefits such as insurance or in some instances the employee’s education. This is not the case with a freelance bookkeeper, you only pay for the services rendered. You need help only for a few hours every week or month, this helps you avoid a headache of having to add someone on your payroll.
For instance, one of the small businesses I covered while working for Rudra Consultancy managed to slash their bookkeeping costs by fifty percent by engaging a freelance bookkeeper as opposed to hiring someone on a full-time basis. That is a sure way of ensuring that your organization is cost-effective especially in cases when every cent matters.
2. Outsourcing

Another wonderful advantage of hiring a freelance on-call bookkeeper is flexibility. When your business has a peak and off-peak season, most freelancers will be able to tailor their working hours to suit your needs. There is no concern that a full-time salary will be necessary for non-busy months.
Freelancers can also come on board at hours that suit your business. You may want them to do the books over the weekend when non-core business activities are few or even late in the evenings whichever is convenient for you and your business!
3. Factual Knowledge

Outsource bookkeeping services may be offered by highly skilled specialist bookkeepers who have graced many businesses and various industries. Most possess skills drawn over several decades of practice which means they are very competent. You are able to use their proficiency with little or no need for orientations.
At Rudra Consultancy, we often employ fresh and talented bookkeepers who update their skills with the current accounting software, UK tax regulations and even virtual bookkeeping tools. So even when you are a novice in the business, there is a qualified bookkeeper within your reach who will spare you the trouble of such mistakes.
4. E-Book Keeping

Due to the advancement of technology, a freelance bookkeeper need not be physically present in your office. With virtual bookkeeping, these will be done from any location within reach. This means they are able to utilize software that is web based to run your books, thus enhancing your convenience as far as management of your finances on day to day basis is concerned.
Also, virtual bookkeeping is time saving. Rather than meeting in person there is always the option of correspondence followed by the necessary paperwork and everything else in between, they do everything else. This is especially useful to small enterprises which may have scant office space for additional personnel or to those who prefer these personnel to work off site.
5. No Long-Term Commitment

One of the primary advantages of employing a freelance bookkeeper is that you are not bound to a long-term contract with them. They can be engaged on a project basis or for a limited time only when the services are needed. This is particularly beneficial to fledgling firms or small enterprises that are still in the process of delineating their financial strategy.
I’ve once supported a startup in the peak of their tax season through freelance book keeping services, once the season passed and their growth subdued, they did not require constant services. The approach worked for the company because they managed to reduce expenses and bring in help only when there was need which is one of the most prominent benefits of using freelancers.
Expert Advice
Collect basic information about a prospective person to engage as a bookkeeper; ask if his or her experiences account for similar businesses as yours. An understanding of the small business environment in the UK, for instance, enables a freelance bookkeeper to grasp crucial aspects such as tax submission periods, value-added tax (V.A.T) requirements. If possible, seek to know whether they have experience with the accounting package that you are using, for instance Xero, quick books among others and this will ease the transition.
At Rudra Consultancy, we have witnessed the utter necessity of having inexpensive, experienced, and easily adaptable bookkeeping services for most owners of small businesses who have such needs. Since they can get all the financial assistance they require without an engagement of a full-time employee, it is understandable why there are so many businesses that tap into freelance bookkeepers.
Summary
Small businesses can get the catering assistance they deserve by retaining a freelance bookkeeper which has the advantages of avoiding costs as well as the commitment associated with a full time employee. There are other benefits including reducing costs, and obtaining specialized skills, which make freelance bookkeeping appealing to businesses that wish to be flexible and productive. Employing virtual bookkeeping services can prove to be helpful in terms of easing the process of managing finances related to the business.
Whether you are an entrepreneur starting a new venture or an already functioning small business, Rudra Consultancy will match you with a freelancer bookkeeper of your preference who will ensure best records for your firm.
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