When to move in-house?

Simple answer — it depends. I know, not what you wanted to hear. Your industry, staff size, and operational complexity are determining factors.

Some industries, such as construction, bring in large revenue but also carry heavy expenses. Others bring in less cash and have fewer bills to manage.

All in all, if gross revenue exceeds $25 million, you’re probably looking at an in-house bookkeeper regardless of industry. Below that, a relationship with a contracted bookkeeper could be more appropriate.

It’s also worth noting your style as a business owner. Some care very little about face-to-face contact, while others take a more “hands-on” financial approach. How does my firm operate? I try to bring both into the picture. I’ll often pop in from time to time just to say hi. It’s not always necessary, but relationships are half the reason I’m here.

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