Outsource Your Acounting and You Will See Larger Profit Ahead
Accounting is the foundation of any business and clients benefit when this work is done by a professional deeply entrenched in the entire process from source document to financial statement analysis. The accountant must be deeply entrenched with the transactions to correctly classify, be current, consistent and compliant.
There are significant advantages for clients who decide to outsource starting with cost efficiency. According to a survey conducted by Northwest Staffing Resources, an employee can cost approximately 57 percent more than the stated wage due to the cost of benefits and the amount of time they are actually focused and on task.
For example, a $50,000 employee could actually cost the company almost $78,500 a year. An outsourced firm, however, can provide complete accounting services for roughly $3,000 per month or $36,000 per year.
That is just an illustration. Adding outsourced bookkeeping and accounting to your firm’s menu of services can result in a new year-round revenue stream. So why wait? Outsource your accounting for larger profit.