As I approach 90 days since acquiring my first business I'm reevaluating our financial management structure. Currently, we have a controller on staff who handles our bookkeeping, but I believe this might be overkill for the volume of transactions in our business. Revenues near $4MM and a staff of 12.

I'm considering whether we could save a significant amount of money by outsourcing our bookkeeping to an accountant's office or even offshoring it. However, I want to ensure we don't upset our company culture or lose efficiencies in the process.

I'd love to hear from others about their experiences and thresholds for making these decisions:

  • At what revenue or transaction volume do you see the need for an internal controller vs. outsourced bookkeeping?
  • Have you transitioned from internal to outsourced bookkeeping or vice versa?
  • What impact did it have on your company's culture and efficiency?
  • Are there specific challenges or benefits you've encountered with outsourced or offshore bookkeeping?
    Your insights and experiences would be greatly appreciated as I navigate this decision.

Thank you in advance for your input!