As a small business owner, your time is better spent focusing on your core business instead of balancing your books.  Time spent languishing over your books is time you could have spent with your clients – and it’s also time you can’t bill for.  To make the most efficient use of your time, you should be focusing on growing your business and leave your accounting to an expert. The name you can trust is Latitude 33, LLC.

WHY OUTSOURCE YOUR ACCOUNTING?

Most all small businesses start with an idea.  That idea is founded in what the business owners knows well.  Most small businesses owners know what they know. They are skilled in their profession. They're Plumbers, Contractors, Resturant and Store Owners and Doctors.  They're not Accountants.

So then, why outsource your Accounting? 

The lack of sound financial management is cited as a major reason for many small business failures. Accounting/Bookkeeping is a core function of all business.  Without competent accounting skills, many businesses struggle to make ends meet.  Many even fail. It is hard enough to run a business, its even harder when you dont know if your making money. 

Often the business owner wears many hats.  He/she is involved in Sales, Management, Purchasing, Service, Administration and Bookkeeping.  Typically, the owner is not well versed in accounting and spends many hours trying to figure it all out.  Effectively taking him away from what he does best, generate revenue.  Owners are afraid that outsourcing the accounting would be too expensive or lose control of their business. What they don’t realize is that outsourcing is a useful management tool that can save a business both time and money while preventing potential failure. Outsourcing to the right accountant can bring peace of mind and be the difference between just getting by and profitable success.

BENEFITS:

Cost Savings:

Outsourcing your accounting will save you additional money by NOT paying for:

• Employee Benefits (Medical insurance, retirement plans, bonuses, and time off)
• Matching Social Security & Medicare taxes
• Federal nad State Unemployment insurance
• Worker's Compensation insurance

Consider that the average small business owner spends approximately 15 hours a month accounting for the activities of his business.  Your standard billing rate is $60/hr.  You are spending  $900 a month for your accounting function. Chance are you can find a professional Accountant for less to handle your accounting needs.

Focus on Core Business:

Understanding your financials:

All business owners should understand the financial health of their business and the key indicators that make that business successful. Our staff will advise and teach you on the basics of understanding the financial state of your business as reflected by your income statement, balance sheet, cash flows and other appropriate financial statements.

Accounting Expertise: 

You gain the expertise by outsourcing with a professional accountant. You will save money and gain advise on how to make your business more profitable. They will use their resources to your advantage, and save you the time and headache of doing it yourself.