If you’re like many investors, you know keeping clean and up-to-date financial records is key to making good financial decisions, minimizing your tax liability, and growing your wealth.
Do you have the funds to put a down payment on the next property?
Are one or more of your properties underperforming?
How much tax will you owe?
All these questions can be answered when you have a good accounting system that is updated regularly. Without one, you’re taking educated guesses at best.
Many investors use spreadsheets and shoeboxes when just starting out...
It is tough to keep this system update-to-date and often leads you to spend dozens of hours playing catch up and trying to piece together the puzzle at the end of the year...
Or worse, dumping it on your CPAs desk to figure out, which often leads to delayed tax returns and increased preparation fees.
Even with a good accounting system in place, bookkeeping can be tedious, time-consuming, and repetitive. Staying on top of it on a regular basis is just a pain.
And with all of the different hats you wear as a real estate investor or business owner, who has time for that?
It needs to be delegated...But to who?
It all depends on the size of your business, but for many investors, it's hard to justify the cost of hiring an in-house bookkeeper.
And even when the cost can be justified, someone still has to supervise them. And if you’re trying to grow your portfolio or business, you have more important things to worry about.
That's why after helping over 600+ real estate investors and business owners, we’ve developed Outsourced Accounting services that help investors and business owners like yourself implement accounting systems that get you out of the accounting function so you can focus on growing your business and your wealth!