There are times in process of growing a business where you need help with certain tasks but not enough help to hire another person fulltime. In those situations you have a few different options. You can continue to try and do it all yourself, you can hire someone on a contractor basis, or hire part time help. In some situations the solution seems obvious, such as hiring part-time help in a retail store. There are other situations, however, where the best option seems unclear.
For example, what is the best option if the accounting responsibilities for your business are becoming more than you can handle on your own? If you cannot keep up with the accounting responsibilities then continuing to do the on your own is not a good option. If you fall behind you will have a mess on your hands when tax time comes or when you want to look at the financials for your business.
Contracting out some of your accounting responsibilities is an option that could work for the short term. Over the long term, however, it is better to have someone working on your accounting that is familiar with the goals you have for your business. A contractor is simply completing a task for you and not helping you develop the best accounting plan for your business.
Hiring part time accounting help is a viable option for many small business owners. You can hire an independent accountant or a virtual accounting firm to work on your bookkeeping needs part time. The better option of the two for part time accounting help is a virtual accounting firm, for a couple of different reasons.
- You can create a customized plan with a virtual accounting firm. The fact that you only need part time help with your accounting is usually not a problem for virtual accounting firms. You can work with the virtual accounting firm to develop a customized plan to take care of your bookkeeping needs. Once your plan is in place, the accounting professionals at the firm will have the necessary information to give you the part time help you need.
- Your accounting services can grow along with your business at a virtual accounting firm. Currently, you only need part time help with accounting but that may not always be the case. As your business grows you will need to add on more services through the virtual accounting firm. In addition, the professionals at the firm will spend more time working on your accounting needs as your business grows. As your business grows you can work with the virtual accounting firm to make the necessary adjustments to your customized plan. No need to go through the process of finding and hiring additional help-the virtual accounting firm will already have the staff in place.
It may seem like overkill to hire a virtual accounting firm for part time accounting help, but it is actually the perfect fit. You can start out with a few services and add to your plan over time as your business continues to grow and expand.