Should you outsource the bookkeeping or do it in house? Join me, behind the scenes, as I explain what we've done and how we've done it. We used to have the full-time bookkeeping folks toiling away with their green eyeshades. Not anymore. By outsourcing the bookkeeping, we've: cut costs, including payroll and benefits; made expenses variable (costs increase and decrease in correlation to revenue); and substantially reduced managerial tasks. When we first outsourced the bookkeeping, we took things slow. We didn't have well-documented systems, but if you've already got thorough documentation, there's no reason to take baby steps. To get a feel for what's possible, here's some of what our bookkeeper handles: incoming invoices, recording deposits, invoice payments, reimbursements, payroll, revenue reports (daily, weekly, monthly, annual), reconciliation, vendor issues, and client billing/account issues. We've been using this system for years with great success. Once you get your system in place, outsourced bookkeeping can be a wonderful relief---mentally and financially. Listen in Browser | Download MP3 | Subscribe in iTunes