9 Signs You Need a Bookkeeper

At Wishup, we have served 250+ Bookkeeping clients, and nearly all business owners had these three challenges in common

• I am not able to make time for important business activities as bookkeeping takes a chunk of it
• I have someone, but they can't handle everything
• We need regular and accurate financial reports.

It's easy to feel like you've got things under control until the accounting numbers tell a different story.

And here's the deal: you don't have to do it all yourself.?

Many successful businesses outsource their bookkeeping to a virtual expert.?

If you're not sure about your need, here are 9 signs that it might be time to make the decision:

You're Spending Too Much Time on Accounting Tasks

As a business owner, your time is money.?

According to a survey by SCORE, 40% of small business owners spend more than 80 hours a year managing their accounting tasks.?

That's two full workweeks of lost productivity!

If you find yourself buried in spreadsheets, it's probably time to offload those tasks to a professional.

You're Behind on Invoicing

Late invoices lead to late payments, affecting your cash flow.?

According to a study from the U.S. Bank Study, 82% of small businesses that fail cite cash flow problems as the primary reason.

When you're juggling everything else, it's easy for invoicing to slip through the cracks.

A virtual bookkeeper ensures your invoices go out on time, every time.

Your Books Are Always Behind

If your books are never up to date, you're flying blind.?

According to Xero, 60% of small business owners don't feel they have a good handle on their finances because their records are always behind.

You could be missing critical opportunities to improve your financial health without real-time insights.

Tax Season is a Nightmare

Every year, it sneaks up on you.

By the time tax season hits, you're running to gather documents, make sense of your finances, and avoid costly mistakes.?

A National Small Business Association survey found that 44% of small business owners spend over 40 hours annually dealing with federal taxes alone.

If tax time feels like a yearly disaster, it's a clear sign you need help staying organized year-round.

Your Financial Reports Are Letting You Down

You feel like your current bookkeeping is just a numbers game??

Many business owners that Wishup speaks to rely on bookkeepers who churn out generic reports that don't provide actionable insights.

A good bookkeeper doesn't just hand you numbers; they help you understand them and guide you toward better financial decisions.?

That's where virtual bookkeepers can step in, offering personalized reports and recommendations.

You're Not Sure How Profitable You Are

You know the sales are coming in, but where's the money going??

According to the Small Business Report by Intuit, 61% of small businesses struggle with cash flow, and many don't have a clear picture of their profitability.

A virtual bookkeeper provides accurate profit-and-loss tracking so you know where your business stands financially.

Your Payroll is a Mess

Managing payroll can be complicated and stressful, especially considering tax laws, benefits, and deductions.?

According to a QuickBooks Payroll survey, 33% of business owners make payroll mistakes that result in penalties.

Outsourcing payroll to a virtual bookkeeper can save you from those costly errors and free up your time.

You Don't Have a Budget in Place

Surprisingly, 61% of small businesses don't have a formal budget (Clutch Report).?

Running a business without a budget is like trying to drive across the country without a map. It's not impossible, but it's not ideal.

A virtual bookkeeper can help you set realistic financial goals and track your progress.

You Don't Have Time to Focus on Growth

Ultimately, your role as a business owner is to grow your company, not spend all your time in the weeds of bookkeeping.

If you're too busy managing your books to focus on scaling, you're limiting your potential.

A virtual bookkeeper takes the burden off your shoulders so you can dedicate your time to expanding your business.

Final Thoughts

Managing your finances shouldn't be something that keeps you up at night.

If any of these signs sound familiar, it's a clear indicator that it's time to rethink how you handle your bookkeeping.

So, why wait until the next financial crisis or tax season panic?

Take action today and see the difference a dedicated virtual bookkeeper can make.

Your business deserves it.

Ready to take the leap?

Let's discuss how Wishup's virtual bookkeepers can help you streamline your finances and set your business up for long-term success.

?? Contact us at +1 929-356-7029 for a free consultation.