Outsourcing is a scary word for some business owners, especially small business owners who are very hands-on with their companies. We don’t blame people for being skeptical of outsourcing services; however, we believe that this uncertainty stems from a lack of understanding of how to best utilize outsourced services. TheOfficeSquad specializes in providing small business support to companies across a spectrum of industries. The truth is that outsourcing specific services, such as bookkeeping, to a reliable team of professionals can save you time and money. Let’s consider a few areas where you may be draining the clock and your budget.
How Outsourcing Bookkeeping Saves Time & Money
Some business owners insist that time is money, and although they are definitely linked, we prefer to think of them as separate yet equal resources. Managing these resources properly with respect to your bottom line is vital, especially when it comes to employing bookkeeping services. A great bookkeeper can prevent you from spending more time and money; an individual who isn’t well-versed in bookkeeping can cost you time and money. If you’re considering hiring an employee for bookkeeping services, consider what this expense entails:
- Wages or Salary
- Incentives or Bonuses
- Fringe Benefits
- Company Resources (Computers, Furniture, Etc.)
- Facility Fees
Now, let’s look at what time commitments hiring an employee for bookkeeping services includes:
- Interviewing, Hiring & On-Boarding Processes
- Additional Training as Needed
- All of the Above for Another Employee to Cover for Bookkeeper’s Vacation, Sick Leave & Days Off
When you add all of the time and financial responsibilities involved in hiring an in-house bookkeeper, you’ll notice that they’re quite costly. You’re devoting two vital resources to this one position, two resources that could be better suited to serve other aspects of your business. Now let’s take a look at how outsourcing could reduce these expenses:
- You pay for a service, not for an employee.
- You don’t have to manage the employee beyond their bookkeeping work.
- You still pay the same rate even if your outsourced bookkeeper quits and is replaced.
- You do not need to invest extra time and money into the development of the bookkeeper.
- You have full control over your payroll, one of the most important line items to manage.
Save Time & Money with Bookkeeping Services from TheOfficeSquad
Outsourcing is actually a huge advantage for small businesses when employed properly. Let TheOfficeSquad show you why outsourced bookkeeping services can instantly save you time and money. We’ll handle everything from accounts payable and receivable to invoicing and generating monthly financial reports. We’ll even take care of your payroll, too. With more time and budget to allocate to other areas of your business, you can focus on healthy growth while we make sure your finances are all in order. Let TheOfficeSquad make your bookkeeping a breeze. Contact us to learn more about our small business services including accounting, bookkeeping and QuickBooks hosting. Call 702-649-3495 today.