While proper bookkeeping is vital for running your business, having good bookkeeping processes in place lets you benefit from much more.
Faster payment collection
We can help small businesses invoice clients and collect payments to speed the cash collection process.Maximize tax deductions
We can help small businesses track expenses so they can take advantage of the most favorable tax deductions for things such as business mileage.Capture and organize receipts
We can scan receipts so small businesses can eliminate paper receipts and stay organized for tax season. Avoid penalties
Proper bookkeeping helps you avoid incomplete or errors on tax returns that you'll have to amend, sometimes resulting in interest and penalties even.Save Time On Cumbersome Tasks
Bookkeeping will cost you time! In fact, most business owners will end up spending roughly seven hours on bookkeeping tasks. Let's face it: you have more important things on your plate.
In its simplest sense, bookkeeping involves recording and organizing financial transactions for a business. It entails reviewing source documents and recording basic accounting information.
Bookkeepers are in charge of maintaining your books closely day in and day out. They generally do all data entry into accounting ledgers or software.Other responsibilities include:
Bookkeeping can be a difficult task for someone who isn't exposed to accounting principles. So consider getting outside help by hiring one of our certified bookkeeper partners. Our complete bookkeeping solutions include bank reconciliations, bill payment, credit card management, invoicing and collections, and more.
If staying on top of your finances is a top priority, and you don't have the time to do admin work, it's time to get bookkeeping help. There are several cost-effective bookkeeping solutions available to small business owners.
According to GlassDoor
, the current salary for a full-time bookkeeper varies between $22,000 to $45,000 nationally, with larger cities commanding upwards of $65,000. You'll also need to consider overhead and benefits on top.
A full-time bookkeeper will handle the daily accounting functions in your office. Daily tasks may include paying bills, billing clients, managing time-sheets and payroll, and processing financial statements at month-end.
The average hourly rate for a part-time bookkeeper hovers around $20/hour. Still, it can vary depending on the region and scope of work.
Typically, they perform essential bookkeeping duties such as entering receipts and tracking employee time-sheets, accounts receivable, and accounts payable.
An outsourced small business bookkeeping service can range from $500 to $2,500 a month, depending on your transaction volume and needs. With rapid technological advancement in the accounting space, outsourcing has never been easier.
One of the benefits of outsourcing bookkeeping is that it allows you to tailor your services to meet your needs.
For example, you can outsource more advanced management accounting functions only. Plus, the pricing packages are endless, ranging from project-based, hourly rates, fixed rates, recurring monthly to a la carte. If you're a growing business, outsourced bookkeeping can scale with your business's needs over time.
Both in-house options are pretty expensive, but since they handle most bookkeeping tasks, they save you a lot of time, effort, and headache.
If you need a more cost-effective solution without sacrificing quality, consider outsourcing bookkeeping to a small business bookkeeping service firm that can scale with your business.
Ready to hand off your bookkeeping to a local pro? To get started, fill out a quick form
or give us a call. From there, we'll reach out to you to find out more about your business and needs.
Your business's financial insights are just a short tap or click away. We'll help you cross bookkeeping off your to-do list, saving you hours each month!