You’re a business owner with a small team that goes above and beyond to move mountains. But when a spot opens up on your in-house accounting team, you wonder whether it’s worth keeping the position in-house or outsourcing the role.
New clients come to us with this question all the time. What is the benefit of outsourcing some or even all of your team’s accounting responsibilities?
It comes down to the money you can save—money that can be invested in growing your business.
Save money by outsourcing your accounting
If you have an in-house accounting team with a bookkeeper making $20/hour plus benefits, their annual salary could be close to $50K. If your team has a full-time controller—at $35/hour with benefits, their salary could be almost $90K. Plus—don’t forget overtime, overhead, and office space!
By outsourcing, you save money by hiring a team of highly skilled CPA’s and accounting specialists, with agreed upon deliverables—decreasing your human resources costs that would have gone to salary. You pay no employee benefits, no administrative overhead, and free up valuable office space.
Take your accounting online for additional savings
At Blueprint Accounting we’re focused on leveraging technology and cloud-based apps to make your accounting more efficient. We’re virtual accountants, which means you aren’t paying for unnecessary meeting costs and travel time. By staying online we can support any business in Canada and pass on the savings to you.
Whether you need to manage a team on the go, need to forecast your cash flow more effectively, or get your clients to pay on time—we can help implement a solution to help you save time and money.
Yes, we agree—having a team member who knows your business inside and out is important when dealing with your finances. That’s why we make sure to spend time with you at the beginning to understand your pressure points, figure out what process that can help take the frustration out of accounting—and check in with you to make sure we’re all on the right track.
And you have direct access to our team of CPA’s who are dedicated to seeing your business succeed.
Whether you are thinking about outsourcing just one role like controller—or your entire accounting team—consider your current costs and possible savings. Having an in-house accounting team can affect your bottom line, and even more so if your accounting staff are not the right fit or have reached the top end of their skills and can’t help your business grow.
We understand running a small business is complicated. Your financials shouldn’t be. Take the guess work out of the accounting and let us help you build your blueprint for success.
Contact us today for your free assessment to find out how Blueprint Accounting can support your business.