Having a small business with a limited amount of employees means that everyone has to wear
many hats. It also means that you most likely have limited resources. Not every function within
your organization requires having a full-time employee dedicated to that function. Bookkeeping
is one of those functions that should in most cases be outsourced to a professional firm. Here
are four great reasons why you should outsource your Bookkeeping?
It will save you money
Outsourcing your bookkeeping to a professional firm will actually save you money in the end.
Most bookkeepers depending on their skill level and what you need them to do will costs
anywhere from $15-$25.00 per hour. Having a full-time employee doing your bookkeeping will
costs you that and all the other hidden costs associated with having an employee. Costs such as payroll remittances, vacation pay, workplace safety insurance and sick days. In most cases you are paying an employee even when they are not there.
It provides flexibility
If your business is seasonal or goes through cycles when you are more busy than other times,
having an outsourced Bookkeeper will allow your firm to adjust your costs based on your cycles.
Which means that during your months where it is slow, you would not have as much billable
hours from your bookkeeper, giving you more flexible cash flow. If you have a dedicated
employee, you will have to pay them whether your business is slow or not.
It will save on professional development
When you have employees, you as the employer is responsible for their professional
development. Courses to ensure that they have the most updated government and tax
regulations. If you hire a professional bookkeeping firm, it becomes their costs and their
responsibility to ensure that they are current. Again, another way to save.
It will save on desk space
When you use an independent bookkeeper, you most likely will not have to create a dedicated
space for him or her. With the advancement of modern technology and the use of web based
accounting softwares, most bookkeeping can be done remotely. This means your bookkeeper
will have their own dedicated office space off site, which you will not be responsible for.
Most companies struggle with the idea of outsourcing vs in house. Deciding to outsource has to
make sense. Ask yourself, will it save me money in the end?With bookkeeping it is a no brainer.
Look for a firm that is progressive and communicates well with your organization and most
importantly knows what they are doing.
Are you looking to find out if our outsourced Bookkeeping services are right for you? Contact us
here today for a free evaluation.