Benefits of Outsourcing Bookkeeping

Outsourcing your bookkeeping services for accounts payable, accounts receivable, and payroll brings a multitude of benefits to your business.

Cost Savings

Most businesses will choose to hire someone, on a full time or part time basis, to handle their bookkeeping needs. However, this comes with significant costs. To hire an employee part time, paying $15 per hour, at 20 hours per week, is a weekly cost of $300, and an annual cost of over $15,000! This figure doesn't account for the additional expenses of hiring employees including unemployment insurance and workers compensation insurance. Outsourcing your bookkeeping ensures the same quality bookkeeping services without the added expenses of payroll and insurance, among others. 

Training and Consistency

If you do hire an employee to handle your bookkeeping needs, how long will it take to train them on your accounting software? Do they already know Quickbooks Online? The workforce is trending away from employer loyalty, what if your new employee gets a better offer in a few weeks or months, or a year later, will you have to train another new employee? We are QuickBooks Online Certified and a certified QuickBooks ProAdvisor, meaning we know Quickbooks Online inside and out and how it will best fit your accounting needs.

Increase Efficiency

Bookkeeping can be time-consuming and can divert your attention from core business activities. By outsourcing these tasks, you free up valuable time and resources, allowing you to concentrate on strategic business initiatives, customer service, and growth opportunities. Outsourcing bookkeeping enables you to focus on what you do best and leave the financial management to the experts.

Overall, outsourcing bookkeeping services allows businesses to save costs, access specialized expertise, improve efficiency, and focus on their core operations. It provides peace of mind, knowing that financial management is in the hands of professionals, and allows businesses to make informed decisions based on accurate and up-to-date financial data.