Many of those day trading for a living started in the business working for themselves and by themselves, so it can be difficult for many to make the leap into hiring another firm to deal with bookkeeping or accounting. But making that move may be a positive step for many companies, Entrepreneur Magazine states.

While there are some basic accounting software programs available, many of them fall short of what many business owners need. In fact, the magazine says many small business owners who bring in outside help say they find out the company isn't doing as well as previously thought.

The source says both accountants and bookkeepers can be very useful for small business owners to take advantage of. An accountant can help with the "big picture" scenarios, such as tax strategy and other accounting tips, and may be able to come up with a strategy to better position the company.

By comparison, a bookkeeper can remove the strain of many of the day-to-day financial duties, such as invoicing, which may not be terribly difficult, but can be time consuming.

"Knowledge is power," business owner Aaron Sylvan told the source. "If you don't have a bookkeeper, you're probably not being as strategic as you could be in how you spend your money."

In addition to their expertise and knowledge, day trading companies that send out their bookkeeping and accounting work can find they have more time open for other endeavors, making it easier for them to focus on the job at hand.