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Solopreneur Bookkeeping: DIY or Outsource?
Outsourcing bookkeeping is a business strategy.
If you’re like me, you started your solo business doing your own bookkeeping. Even if you didn’t exactly know what you were doing, it was manageable at first. A few clients, a handful of expenses, maybe a spreadsheet or a simple accounting app.
As a former banker, I was comfortable with the money part of solopreneur bookkeeping. I set up my own budget, and did my own bookkeeping for years. I even prepared my own business tax return.
Then I hired a bookkeeper. Not because I couldn’t do it, but because the mental energy it took was costing me more than a bookkeeper would. Every receipt I needed to forward, every transaction I needed to categorize, every statement I needed to reconcile — it all lived in my head as one more thing to keep track of.
Most solopreneurs don’t manage their own books forever. Even if you start out with a DIY setup, eventually you’ll need help because of the amount of time or complexity involved.
If you’ve reached that point, here’s how to prepare to outsource your solopreneur bookkeeping.
