LedgersOnline Blog

For all things accounting and bookkeeping.

Customer service has been a cornerstone of thriving businesses for a very long time. And in today's climate of on-demand everything, consumers are expecting to enjoy customized experiences in which their wishes are granted every step of the way. This sounds great — if you're the buyer. But if you're on the business side of the equation, this type of all-encompassing satisfaction can be difficult to deliver.

It doesn’t take long for bills to mount up when you’re running your own small business or startup. The good news is that this doesn’t have to be the case for your bookkeeping expenses. This month we’ve consulted with our top bookkeepers to bring you the below three tips on how you can reduce your bookkeeping costs so you can get back to spending money on growing your company.

For many small and medium sized businesses, the decision to relieve themselves of their bookkeeping tasks is a major milestone. The decision of when to outsource these tasks can be difficult, as hiring a freelance bookkeeper or a bookkeeping firm cuts into their revenues as an additional cost. On the other hand, allowing for a qualified professional to step in and take over these tasks gives the management team an opportunity to focus more on the day-to-ay activities, and more importantly, how to take their business to the next level.

Contrary to popular belief, small businesses do have decent success rates. The U.S. Bureau of Labor Statistics reports that nearly 50 percent of new businesses are still open after five years. To further your odds of being among them, avoid the three common pitfalls that cause small business owners to lose money:

It's been a year to remember for the LedgersOnline family. With significant growth for our LedgerDocs application along with continued growth on the services side 2015, has been a great year for us. Integral to this has been our fantastic team (you know who you are) and of course our clients and customers.

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Trusted bookkeeping and accounting services provider to businesses for over 10 years.

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