What are the advantages of outsourcing bookkeeping services?

Should you outsource your bookkeeping or do it yourself? What are the pros and cons of each?

Top voted answer
Lisa Ormenyessy

Lisa Ormenyessy, Business Coach and Marketing Specialist at

What I love about outsourcing to a good bookkeeper is that I don't have to do it!

I can focus on what I am good at and leave what I consider arduous work to someone who loves it.

Steven Freeman

Steven Freeman at

Top 10% Web Development

Can free up a lot of your time, so you can spend your brain power on more direct profitable areas. They can also help catch and fix up accounting mistakes early, which could otherwise blow-out and cost of lot more to sort out down the track.

Tim Hoopmann

Tim Hoopmann, CEO & Founder at Cornerstone Group

Outsourcing your Bookkeeping

Within Australia, outsourcing your books has become the business norm – you’re running the risk of falling behind if you choose not to outsource, regardless of the industry you are in.

There are a number of benefits, with the key being:

1. If you choose a cloud bookkeeper they will not only move your business to a cloud accounting platform they will often help you move form manual to automated processes.

2. You have access to quality, real-time, accurate data because you are leaving it up to the experts

3. You have time to focus on the core objectives of your business.As you have one less thing to worry about

4. You are saving money as you don’t have to pay as much as you would with an in-house bookkeeper

5. Outsourcing provides flexibility that in-house bookkeepers cannot provide – it is completely scalable allowing for you to cut back/add hours when necessary

6. You can have peace of mind knowing that the experts are ensuring your books are up to date while also remaining 100% ATO compliant

7. And finally, a motto which I live by, you have more time to live the life that you deserve