Frequently Asked Questions
Listed below are some commonly asked questions:
Is bookkeeping an important part of a self storage business?
Why shouldn't I as a storage owner do my own bookkeeping?
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You are in the self storage business, not the bookkeeping
business. The more time you spend on bookkeeping, the less time you can
spend on management training and marketing, the revenue drivers of your
business.
Why shouldn't I have my managers do the bookkeeping?
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Once again, the more time your managers spend on
bookkeeping, the less time they can work on renting units. Also, it is a
good practice to have checks and balances by not giving your managers
complete control of your money.
How about hiring a bookkeeper?
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It can cost more to hire a bookkeeper than to outsource.
First you have to advertise to find a qualified individual, train them,
supply equipment, software and office space, and hope they don't quit on
you. Then there's additional payroll taxes, sick days, vacation time and
benefits you have to worry about.
What makes Self Storage Bookkeeping Services different from
a regular CPA firm?
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First, we specialize in the storage industry and therefore
know the ins and outs. From our knowledge of the industry, we can better
assist in helping increase profits. Second, CPAs can charge an expensive
hourly rate compared to our lower fixed monthly fee. And third, we provide
you with monthly information compared to CPAs end of year reports.
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