In the start-up phase of a business, most business owners work on the business during the day and on the books at night. Over time as the business grows you find yourself getting behind in your book work but you may not have enough work to hire an in-house bookkeeper or employee.
Time is one of the most important components as you can never replace it. Outsourced bookkeeping allows you to spend time working on your business and only paying for services you need.
The cost of software and office equipment can be a big outlay to any business when hiring an in-house bookkeeper. Outsourcing eliminates this cost completely.
Inaccurate bookkeeping severely effects business decisions and efficiency. If you try to do too much as business owner, the quality of your work can decrease due to spreading yourself too thin. Outsourced bookkeeping ensures your accounts are up to date, accurate and will help you see exactly where your business is at.
Employee entitlements is another cost associated with hiring an in-house bookkeeper. The rate per hour may be higher for an outsourced bookkeeper but you are not responsible for annual leave, sick leave,superannuation, work cover, payroll tax, long service leave, staff amenities and the facility you must uphold to have them. Outsourced bookkeepers can typically provide you a fixed monthly fee, so you know exactly how much you will be required to pay each month.
Employees don’t always stay in one workplace forever. If your in-house employee feels it is time to move on, you are then faced with hiring and training someone new. Again, costing you time you most likely don’t have.
Experienced bookkeepers provide vital knowledge. They can offer advice on how to improve your business and are always up to speed on the latest tax requirements, so you can be confident you are submitting accurate data to the tax office.
Outsourcing your bookkeeping services has never been easier!
Contact us today for more information. firstname.lastname@example.org OR call on 49573174.