Small businesses, however, can choose to reduce operating costs within their finance team by hiring a fractional or outsourced bookkeeper. With an experienced and qualified bookkeeper at $50-$70 per hour, the cost of bookkeeping services at 10 to 20 hours per month is much lower than a full-time hire.

Outsourced bookkeeping firms ensure the precision and timeliness of the financial records, eliminating the need to maintain a full-fledged in-house team. This leads to substantial cost savings, allows scalability, and frees up essential resources.

Typically, there are a few signs that it's time to leave the DIY behind and bring on a professional. It may be time to outsource your bookkeeping if: DIY bookkeeping is taking up more time than you can afford. Your books are never up to date.

You can commit more time, effort, and resources to create your business strategy by outsourcing administrative tasks like outsourced bookkeeping for accountants. As a result, it will help you earn more money while also enabling you to interact with your customers.