Naples Bookkeeping Expert on the Money Leaks Your Business Should Plug Right Now

Your business may be small, but there’s nothing small about its contributions to the economy. According to the Small Business Administration, companies like yours represent 99.7 of all employer firms. And since 1995, small businesses have generated 64% of all new jobs in the country, and accounts for 44% of private payroll salaries paid.

Of course, a small business is a lot like a small ship — for it to stay afloat in the market, it can’t afford to have leaks. Unlike mega-corporations, you don’t have as big a buffer and any money lost or wasted can hurt your firm’s future. What are the common money leaks you need to plug?

Manpower

Yes, human resources are the most important asset of a company, but they are also one of the costliest. Take a look at your manpower and ask if the right people are assigned to the right tasks. Are there functions that you can outsource in order to save money? On the flip side, should you hire more people so you can increase productivity and profits? Read more from this blog: http://bit.ly/2hZYMr3

Why Your Business Should Have Its Own Bookkeeper for Better Efficiency

A lot of new business owners tend to think that they can do away with a bookkeeper when running their business, particularly because they’re just starting anyway. When it comes to your company’s financial matters, however, there’s nothing more important than being up to date and properly accounted for right from the start.

Understandably, there are other costs and expenses to deal with, especially with new operations. However, the hiring the services of a professional bookkeeper is definitely not something that you would want to miss out on, particularly because of the benefits you can glean from it. Read more from this blog. http://bit.ly/2vibztu