Why Small Businesses Should Outsource Their Bookkeeping in 2025

Why Small Businesses Should Outsource Their Bookkeeping

Bookkeeping might not be the most glamorous part of running a small business—but it’s definitely one of the most important. Your numbers don’t lie, and when your books are out of order, your entire operation can suffer.

Yet, for many entrepreneurs and small business owners, keeping up with receipts, invoices, and monthly reports becomes an overwhelming burden.

That’s where outsourced bookkeeping comes in.

At CheaperTeam, we help small businesses take control of their finances with virtual assistants trained in bookkeeping support, saving time, reducing stress, and improving accuracy.

Here’s why outsourcing your bookkeeping isn’t just smart—it’s essential.

📊 What is Bookkeeping (And Why It Matters)?

Bookkeeping is the process of recording, organizing, and maintaining your business’s financial transactions. It’s the foundation of solid financial health and includes tasks like:

  • Tracking income and expenses
  • Managing invoices and receipts
  • Recording payments and deposits
  • Reconciling bank and credit card statements
  • Preparing monthly or quarterly financial reports

For small business owners, accurate bookkeeping means:

  • Understanding where your money is going
  • Staying compliant with taxes and regulations
  • Making informed business decisions
  • Gaining clarity on profitability and cash flow

With CheaperTeam’s bookkeeping virtual assistants, you can get all of this—without spending hours buried in spreadsheets.

why small businesses hire remote teams

⏳ Problem: Bookkeeping Wastes Too Much Time for Small Business Owners

Let’s face it—bookkeeping takes time. Between running your business, managing clients, and handling marketing, your day is already packed.

Spending 5+ hours per week on financial admin is time you could spend:

  • Closing new deals
  • Launching new products
  • Engaging with customers
  • Growing your brand

With outsourced bookkeeping services from CheaperTeam, our VAs handle the back office, while you focus on front-line results.

💸 Mistake: DIY Bookkeeping Can Cost More Than You Think

A common misconception among small business owners is that doing your own books saves money. But in reality, DIY bookkeeping can be:

  • Inaccurate (leading to missed deductions or tax penalties)
  • Disorganized (especially when mixing personal and business expenses)
  • Stressful (especially around tax season)

By outsourcing bookkeeping to a virtual assistant from CheaperTeam, you avoid costly mistakes and keep your financial records audit-ready all year long.

🧾 What Tasks Can a Virtual Assistant for Bookkeeping Handle?

Our trained bookkeeping virtual assistants at CheaperTeam can take care of a wide range of financial tasks, including:

  • Daily or weekly transaction logging
  • Invoice creation and payment tracking
  • Expense categorization
  • Bank and credit card reconciliations
  • Profit and loss statement prep
  • Payroll support (non-certified tasks)
  • QuickBooks or Xero data entry
  • Organizing receipts for tax filing

You choose what to delegate—and we’ll match you with the right VA who understands your industry, tools, and workflow.

📈 Benefits of Outsourcing Bookkeeping for Small Businesses

Outsourced bookkeeping isn’t just a cost-saving move—it’s a strategic one. Here’s why more small businesses are turning to CheaperTeam for help:

  1. Accuracy: Our VAs are trained to spot inconsistencies and ensure clean books.
  2. Scalability: You can ramp up or reduce hours as your needs evolve.
  3. Affordability: You avoid the cost of hiring a full-time employee or accounting firm.
  4. Focus: With finances handled, you can spend time on growth activities.
  5. Flexibility: We work with your accounting software and follow your preferred reporting style.

🔐 Is Outsourcing Bookkeeping Safe?

Yes—and at CheaperTeam, we take data privacy seriously.

All our bookkeeping virtual assistants:

  • Work under strict non-disclosure agreements (NDAs)
  • Access your tools only through secured portals and logins
  • Follow encryption protocols for file sharing and password storage

Plus, we only assign assistants with experience in bookkeeping and a proven track record of accuracy and discretion.

🧠 Tools Our Bookkeeping Assistants Work With

Our team is trained on the platforms you already use:

  • QuickBooks (Online & Desktop)
  • Xero
  • FreshBooks
  • Wave
  • Zoho Books
  • Excel & Google Sheets
  • Expensify, Dext, and Hubdoc (for receipt tracking)
  • PayPal, Stripe, Square, Shopify (transaction records)

We’re flexible and happy to adapt to your existing systems—or help you migrate to better ones.

🚀 The CheaperTeam Advantage

When you partner with CheaperTeam, you’re not just hiring a virtual assistant—you’re gaining a strategic bookkeeping ally who:

  • Understands small business financials
  • Helps you stay organized month-to-month
  • Prepares clean data for your accountant or CPA
  • Lets you make smarter money moves in real time

We’ve helped ecommerce owners, coaches, consultants, and agencies take control of their books—and we can do the same for you.

👉 Ready to outsource your bookkeeping? Visit cheaperteam.com to get matched with a virtual assistant who’ll keep your finances in check—without the headaches.

❓ Frequently Asked Questions About Outsourced Bookkeeping

❓ What is outsourced bookkeeping?

Outsourced bookkeeping means hiring a third party, like CheaperTeam, to manage your financial records instead of handling it in-house. It’s cost-effective, efficient, and scalable.

❓ How does a virtual assistant help with bookkeeping?

A virtual assistant for bookkeeping can log transactions, manage invoices, reconcile accounts, and prepare reports—giving you more time and peace of mind.

❓ Is outsourced bookkeeping safe for sensitive financial data?

Yes. At CheaperTeam, we use secure software, file sharing, and access protocols to keep your data private and protected.

❓ What software does CheaperTeam use for bookkeeping?

We support tools like QuickBooks, Xero, FreshBooks, Wave, Excel, and Google Sheets—and we’re happy to integrate with your current system.

❓ Is outsourced bookkeeping only for large companies?

Not at all! Small businesses benefit the most—outsourcing gives them access to experienced bookkeeping help without the overhead of a full-time hire.

CheaperTeam is a European based outsourcing company with headquarters centrally located in the heart of Manhattan, NY. Our objective is to provide high-quality, motivated employees while maintaining cost efficiency for businesses. We offer a boutique style of doing business, allowing flexibility in vetting and sourcing employees for various industries. Our staff comprises data entry specialists, medical billers, interior designers, back-office employees, and virtually any position that can be executed remotely.

Jack Lamm

CEO / Cheaperteam
As the CEO of Cheaperteam, Jack is the driving force behind the company’s growth. He oversees all things in the life of the company, like management, operations, expansions to new countries, marketing, and so much more. Jack is a visionary leader who is highly skilled in managing company operations. He represents effective leadership and management skills by demonstrating composure and building strong relationships.

After graduating magna cum laude from Queens College, Jack spent three years as a Loan Officer where he helped close over $100M in financing. As a highly experienced BPO specialist, Jack led Cheaperteam to become a globally recognized outsourcing agency with offices in five countries.

Quote from Jack: “Find Solutions, Not Problems.”