Some small businesses are still hesitant about outsourcing their bookkeeping needs but more and more are beginning to lean this way. This is due to more business owners becoming aware of the cost advantages of outsourcing their bookkeeping.
Here are some of the ways that working with WebWise Bookkeeping will save your business money:
Salary & Other Benefits
Often, small business owners are on the fence as to whether they need to hire a bookkeeper to start handling the day to day financial operations. Would they need someone part-time or full-time? What if that is not enough or too many hours to complete the tasks? Should we, the business owners, just continue to handle the bookkeeping, so we can save/use the money elsewhere? By entrusting your bookkeeping needs to WebWise, you immediately cut the cost of paying salaries, holiday pay, sick leave pay, employment taxes, benefits, and other direct costs attached to having an employee. You also no longer need to worry about how many hours it takes to complete the bookkeeping for the business.
Technology & Infrastructure
An employee also has numerous indirect costs attached to them as well. For example, there will be the technology and infrastructure costs required when you do hire an employee to handle your bookkeeping. You will need a space for the employee, a computer, a scanner, and other office supplies/equipment. When working with WebWise, none of these expenses occur.
Hiring a new employee to do your bookkeeping means putting in extra time to train the new person about your specific business process and accounting system. Even after a successful interview and background check, there is still a risk of the new employee being capable of your business’s specific bookkeeping needs. This is avoided if you work with WebWise. We take great pride in our efficiency and expertise which ultimately means time savings for you. We all know, time has a monetary value. People are paid based on the time put into the work. The more time is wasted the greater the cost. Opportunity lost has a cost now too and imagine the opportunity slipping through your fingers because you must sit and train a new employee.
Focus on Value Adding Activities
By removing your attention from bookkeeping operations, you can now focus solely on growing your business, building your brand, and expanding your market which all lead to an increase in revenue.
Hiring Skilled Resources
There is much time saved by working with WebWise. An efficient accounting system is only reliable if the person using the system is accurately processing your financial transactions. Working with us gives you a level of assurance that the financial information is accurately processed and therefore, any and all reports can be used as a trusted source for decision making.
Call us today to find out how working with WebWise will provide you with cost savings all while providing you with the assurance that your business’s financial data is accurate and up to date.