Outsourcing Accounting – How to know when it is time

Outsourcing accounting is how savvy contractors grow their businesses.

Outsourcing Accounting – How to know when it is time

Outsourcing accounting too soon

If you:

  1. Are an average (non-construction related) small business owner who factors in the time needed for administrative and accounting tasks you can probably wait to outsource until such time as you become quite busy.
  • Can’t identify the business result you want to see (an actual benefit to you or your business) perhaps you should wait. You must be clear in your own head about what you’re paying for and what you expect as a result. If you think of an accounting specialist as a cost generator rather than a business and profitability advisor, it is likely you’re not yet ready.
  • Are hell-bent on having your fingers in every piece of the pie. If you’re an (as yet) unconverted micro-manager who has a low trust level, it is probably better that you wait.

Outsourcing accounting when it is too late

If you:

See that your books and therefore your business is so messed up, so in debt, so unorganized, as to be on the brink of bankruptcy – it is probably too late.  

Outsourcing accounting just in time

If you:

  1. And your office staff are constantly feeling as if you have too much to do and not enough time to get it all done, it is a prime time to begin looking for an outsourced accounting provider.
  • Understand outsourcing your accounting duties can be a total game-changer for your construction contracting business, then finding a virtual accounting firm should be your next move.
  • Know you’re ready to delegate the accounting operational tasks so you can focus on tasks of a business owner designed to grow your business, it is time to pick up the phone.

Outsourcing accounting pays off

For example, you have time for networking, meeting with in-progress clients, selling your services, and developing more ways to serve both your clients and your employees.

As independent contractors, virtual accounting specialists are part of your team without the “headache” of extras. Extras such as benefits, taxes, sick pay, and so on. This article from Entrepreneur tells why outsourcing certain functions can mean better talent at lower costs.

Outsourcing accounting with the Schulte and Schulte team means:

You get the best of our extensive construction contracting accounting knowledge and acumen.

Here are a few things we are good at dealing with for you:

  • Job costing
  • Audit readiness for high-risk workman’s comp companies
  • Complicated sales tax issues
  • Payroll
  • Inventory tracking
  • Systems development and deployment
  • Financial planning

Quick checklist

This quick checklist will be of help when you’re trying to decide if you’re seeking an outsourced accounting firm just in time.

Your business is growing.

You or your staff find you’re spending more time learning than doing.

You’re drowning in administrative tasks.

Your office staff is fraught with overwhelm.

You’re running out of time to focus on what makes you money.

Your personal life is taking a toll.

 

Wondering if now is the time to outsource your accounting and back office needs? Get in touch here and we’ll talk.

Thanksgiving and Virtual Accounting and More

Thanksgiving is incomplete without pumpkin pie and giving of thanks.

Thanksgiving and Virtual Accounting and More

Thanksgiving and the presidents

Speaking of Thanksgiving, what kind of content creator misses the opportunity to wax poetic about a seasonal holiday? I mean, it is on the calendar and all, right? Pretty hard to miss a day that has been set aside by two very popular American presidents.

Two? you ask. Yep, two!

Thanksgiving and tradition

Then, of course there is all the jazz about food and family, food and football, food and festivities. Who would pass up the opportunity to grab some attention concerning one’s business and how it relates to turkey, stuffing, potatoes, gravy, dinner rolls, veggies, pumpkin pie and . . . uh, you know Pilgrims? Or, was that Puritans? 

Thanksgiving and content

Not to mention, there is all this talk about “evergreen content.” And, if you don’t happen to see this article until sometime in . . . say . . . I don’t know, maybe August of 2019 there is a very real possibility you won’t be all that enthralled about turning on the oven to cook up some fancy (and secret) accounting specialist’s audacious turkey recipe. Uh-huh! You know I’m right!

“So,” ye asks yourself, “how is she going to pull this one off? What is she going to do about the fact that the weekly blog post is scheduled to fall the day before Thanksgiving in the year 2018?” Read on, dear one, read on.

Thanksgiving and virtual accounting

We’ve already covered the “Thanksgiving and More” part of what this post is about. So, now we’re getting to the part about “Virtual Accounting.”

That is what we do.

We do the accounting for our clients in that all so important way – virtually.

And, if you’ve been around for a while, you may have seen or heard us mention that we have virtual morning meetings weekdays with our Schulte and Schulte team.

What you may not have known (until now) is that we open our meetings with prayer.

Yep, each morning one of us offers up a brief prayer. And, almost without exception the prayer begins with Thanksgiving. We thank God that we are part of a great accounting firm called Schulte and Schulte. Our thanks giving varies, yet it can include the means we have for meeting, our families and homes and so on. And, we often offer thanks for our vendors, or our clients, and the clients of our clients. Is that considered trickle-down praying? 🙏

Thanksgiving and our accounting clients

The gratefulness we have concerning our clients is part and parcel of who we are. If you are one of our clients, of if you’ve come across our radar as a potential client we give thanks for you, plus we ask for a blessing on you.

It is actually rather heady. We pray in gratitude for our chance to be a small part of the construction contracting industry. We watch how contractors shape the buildings, roads, bridges and more where we reside, work, shop, travel, heal, worship, and play and we are astonished by their accomplishments.

And, we are always thankful for our clients!

Schulte and Schulte is a virtual accounting firm which specializes in meeting the back office needs of  commercial construction subcontractors. From bookkeeping to company-wide systems building and a few things in between, we give our clients services that improve their businesses.

Plus, we are grateful for them and we pray for them. Want to learn more? Get in touch here.