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       #Post#: 46--------------------------------------------------
       Things they don't need to do when the latter
       By: Shovo Ray Date: September 2, 2023, 11:48 pm
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       I'd look into hiring a developer to fill those productivity
       gaps with automation. We're already seeing the benefits of
       making our team's life easier. In the meantime - don't try and
       reinvent the wheel. There are tons of great tools out there that
       can make your team more productive. From Raven Tools to Ontolo
       to HighRise to tons of other services - there is likely someone,
       somewhere with a tool to make your specific team's job easier.
       Seek them out. Then hire someone to build what ISN'T available
       as you grow. The Books My opinion? Never do the books yourself.
       EVER. Because.
       Saving yourself a few hundred to a few thousand in accounting
       fees could cost you BIG BUCKS down the road. We use FreshBooks
       for our invoicing and have an accountant who then downloads the
       FreshBooks data into Quickbooks. I find FreshBooks easier
       (though I used Quickbooks until recently) and she Phone Number
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       prefers Quickbooks. Our
       accountant provides us with a Profit and Loss (P&L) statement
       every month and keeps track of our invoicing and cash flow. This
       allows us to ask her any information we need to know financially
       while keeping our eyes focused on the business growth and day to
       day operations. For now, we outsource accounting, but we know
       that at some point we will need to take it in house as we grow.
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       We also utilize the payroll services at our bank (Wells Fargo)
       because it's easy and they pay all the required taxes for us.
       Our accountant still runs our payroll, but through their
       service. Additionally, most payroll companies offer you a
       guarantee that if you're ever hit for them improperly accounting
       for taxes, that's on them and not you. To me, it's worth the
       (what I consider) small fee to utilize the payroll services. I'm
       Still Learning I'm by no means the definitive source on making
       the move from an individual consultant to an agency. I can't
       offer advice on financing or funding because we've bootstrapped
       ourselves the whole way. But I hope the above let's you know
       some of what to prepare for and what you'll need, at the very
       minimum.
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