Small businesses and startups are often founded by people with unique talents and vision—and bookkeeping and payroll duties may not be on that list. Many founders and sole proprietors take on these duties to keep costs low in the beginning. As the business grows, bookkeeping and payroll take more time. This can take time away from the business’s core purpose and lead to costly errors.
Outsourcing your bookkeeping and payroll duties is a great way to keep the focus on what you do best while keeping costs down. Here’s why you should consider outsourcing these tasks to MCG Solutions.
How it works
Outsourcing your bookkeeping and payroll is simple. Once you choose a third-party provider, like MCG Solutions, you’ll simply share your business records at an agreed-upon interval. Your bookkeeper and payroll expert will handle wages, keep up with legal documentation, ensure the data is secure and reconcile your business records.
Why outsourcing is the best solution
- Work with the experts: Unless you have previous experience in HR tasks, you may not have the expertise to handle them. Even if you are skilled in QuickBooks and Excel, it’s still smart to work with a third-party provider. Outsourcing to MCG Solutions turns your bookkeeping and payroll duties over to experts. Our team is well-versed in common bookkeeping and payroll issues, the constant changes to the law, and how to keep detailed records. Since small businesses are far more likely to make tax, payroll, and record errors, outsourcing can help you avoid costly penalties.
- Devote time to your skill set: Whether running a booming Etsy craft business or an independent bookshop, founders and proprietors often find themselves devoting countless hours to bookkeeping and payroll. Outsourcing allows you to spend your time on your unique skill set—and your overall vision for the company. Dividing your time between all the administrative duties that come with running a business can cause you to overlook small errors. With MCG Solutions, you can trust that your records will be given the attention to detail they require.
- Keep costs down: Some businesses hire in-house bookkeeping and payroll staff, which frees up time. However, even a part-time employee can be expensive, especially if your business is just getting off the ground. Outsourcing is a cost-effective way to ensure that your financial records and payroll are in expert hands before you’re ready to hire an in-house team.
- Protect your financial data: In our digital age, financial, employee, and customer data is especially vulnerable. Trustworthy third-party providers know how to keep your financial data and other sensitive information safe.
Outsourcing is a great way to maintain a growth mindset, and take time-consuming, detail-oriented duties off your plate. Many small businesses are in a gray area, where they’re not profitable enough to justify an in-house team, yet the current staff can’t handle the bookkeeping and payroll demand.
If you’re in the same position, talk to the team at MCG Solutions. We’re happy to handle your records, so you can focus on what you do best. Call us today to get started.