Benefits of Outsourced Bookkeeping
Business owners often underestimate the true cost of maintaining an in-house bookkeeper. The cost of a full-time, in-house bookkeeper is more than just a salary. It includes the cost of hiring, training as well as benefits, taxes, equipment, office space and software.
By outsourcing your finance position(s), your company will no longer have to endure the hiring process and lose valuable time and money training bookkeepers or controllers. Or, if you have been doing the bookkeeping yourself, you can finally free up your time to focus on things more important to you and your business. You’ll be able to make informed decisions based on more than just your cash balance at the bank.
An outsourced Finance Department gives your company accurate financial data so you can determine what customers and/or products are the most successful. You can concentrate more time on the more profitable aspects of your company. This capability allows a business owner to become truly savvy in investing energy and resources in the right places. The door is left open for you to do the tasks that are most important to your company’s well being. Using Simply Bookkeeping Houston, you gain resources for your business to draw on that had been unavailable to you. You maintain full, round-the-clock control of and access to your information, while Simply Bookkeeping Houston performs all of your bookkeeping tasks and updates your business financial records. Truly the best of both worlds.
Benefits:
- It saves time and money
- It eliminates the need to hire, train and supervise an internal bookkeeper
- There are added tax savings
- Less paper means a greener, environmentally-friendly office.
| Benefits of Outsourced Bookkeeping | |||
| Comparison | In-house Bookkeeper | SIMPLY-BOOKKEEPING | |
| Payment | You are forced to pay a salary and benefits even when there is no work to be done. | You pay only for work done. Typically, a full-time bookkeeper earns an average of $40,000 per year. We can commonly complete this work in 25 billable hours. This means you are essentially paying $133 per hour for a full-time bookkeeper. Our fees average $55 per hour i.e. a savings of well over 50%. | |
| Skill | You have to rely on one employee who may not have the skills to keep your books and financials in order. | We are a full service bookkeeping, tax and financials firm with a wealth of expertise | |
| Availability | If you are relying on one person to manage your bookkeeping and they get sick or need to take a long leave of absence your entire business could suffer. | Simply-Bookkeeping has someone available to keep your books up-to-date at all times | |
| Turnover | There is always the risk that your bookkeeper resigns and leaves you having to go through the recruitment, selection and training process again. | We aren’t going anywhere and we will continually work hard to keep your business. | |
| Resources & Accessibility | An internal bookkeeper needs an office, furniture, computer and software. Most often, your important accounting data is locked up in their computer with only the bookkeeper having access to it. | Simply-Bookkeeping has all the resources and technology in place to manage your accounting function. We make use of a private secure server to store your documents. Your bookkeeping information is available 24/7 via the internet. | |
| Security | Rely on computers and on-site back-ups. | Off-site back-ups are included in our service | |
Let our bookkeeper team organize your financial records and bookkeeping for you. To find out more CALL 713.360.6408 or fill out the our contact form here.
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Business Financial Reporting |
Audit Ready Bookkeeping |
Business & Personal Tax |
Controller and CFO Services |
Bookkeeping and Tax Referrals |
