Maximize Your Business Efficiency by Outsourcing Your Bookkeeping

What is the Role of an Bookkeeper in Your Company?

Bookkeepers maintain complete, up-to-date, and accurate records of accounts and financial transactions. They also manage schedules, prepare reports, and handle invoices. These tasks are essential across all industries and come under various titles like accounts payable clerk, accounts receivable clerk, or assistant accountant.

Cost of a Bookkeeper:

The cost of hiring a bookkeeper varies based on experience, skills, responsibilities, and location. Entry-level bookkeepers may earn from minimum wage up to $25 per hour, while experienced bookkeepers can make up to $75 per hour. After three years with the same company, a bookkeeper can earn $75 per hour. Bookkeepers typically work 40 hours a week, with occasional overtime. Some employers offer benefits like paid holidays, sick leave, life and medical insurance, and profit-sharing plans.

The Benefits of Outsourcing Bookkeeping to a Professional:

Outsourcing your bookkeeping has several significant advantages, primarily saving money. By outsourcing, you avoid costs related to payroll taxes, workers’ compensation, liability insurance, vacation time, sick leave, health insurance, and other benefits that a full-time bookkeeper would expect. While these costs are factored into a consultant’s hourly rate, a professional bookkeeper who understands these expenses is crucial for your business.

How Outsourcing Saves Money:

1. No Recruitment Costs: Avoid expenses related to recruiting, interviewing, and training a new employee.
2. Flexibility: If you’re not satisfied with the services, switching bookkeepers is simpler and less costly.
3. Reduced Legal Risks: Outsourcing eliminates concerns about lawsuits related to employment issues like sexual harassment or wrongful termination.
4. No Extra Benefits: You won’t need to provide workers’ compensation, liability insurance, or additional benefits.
5. Office Space Savings: Many professional bookkeepers have their own offices or offer remote services, saving you office space.

Efficiency and Control:

Outsourcing your bookkeeping means you only pay for the hours worked. Your outsourced bookkeeper will focus solely on bookkeeping tasks without the distractions of a busy office environment. This results in more efficient and accurate work. You can start with just a few hours a month and adjust as needed, ensuring you only pay for what you use.

Contact Us Today:

Don’t let bookkeeping tasks overwhelm you. Focus on growing your business and leave the bookkeeping to us. Contact us today to learn more about how our professional bookkeeping services can benefit your business. Let’s streamline your bookkeeping and get your QuickBooks in order.

Contact us for more details and take the first step towards efficient bookkeeping.