There are a number of factors that you may wish to consider when looking to outsource a bookkeeping service.
Like many business operators, your time is very valuable, and finding opportunities to do your bookkeeping always seem to be overtaken by other tasks needed to run your business.
Benefits
The first benefit of having a professional bookkeeper come in and do the bookwork is that we won’t be distracted by other incidents that occur during the day in your business
Secondly, we do bookkeeping everyday, are skilled, well practiced, experienced and more than likely faster than you would be
Thirdly, we can most likely streamline the bookkeeping process for you, take away the stress and pressures of doing the bookwork, and free up your time to focus on what you do best in your business, and more importantly give you back some time that you can be spending with your family
Is Bookkeeping an expense or an investment for your business?
You ask about an hourly rate. We believe the question that you really want answered is “How much will it cost me to outsource my bookkeeping?” – that depends if you regard your bookwork, and having a handle on the financial side of your business, as an expense or an investment.
Our clients regard our bookkeeping service as an investment into their business for reasons mentioned above. You could be looking at anywhere from $150 per week, $300 per month or quarter, depending on the VOLUME of paperwork moving across your desk – an hourly rate really doesn’t answer your question.
We say that because we’ve come in behind bookkeepers at a third of the rate, taken four times as long, made heaps of errors, and ended up costing the client heaps – so cheapest isn’t necessarily the best
The easiest way we could give you a quote is to review your existing MYOB /Quickbooks file, and make an estimate based on your last year’s trading (not turnover, but number of transactions recorded)
We can have a chat, so that we can get a better idea of the amount of work involved in your bookkeeping, and therefore give you more of an idea of a budget for your bookkeeping
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