Why Outsourced Accounting Makes Sense
Key Benefits:
Key Benefits:
- Professional, experienced, accounting support
- Eliminates the need to hire personnel to manage growing accounting needs
- Control cost of accounting function and in many cases, substantially lower cost
- Focus on your business instead of worrying about accounting
- Pay only for the skill you need, when you need it
- Gain management insights through better financial data
Small business owners often find themselves at a point where they are busy enough to need a bookkeeper, but they are not yet to the point of needing someone full time. Hiring someone for just a few hours per week can be difficult - especially if you are looking for someone with adequate knowledge and experience.
Other small businesses are dealing with the down turn of the economy and are finding themselves looking for ways to streamline and cut costs.
That is where our Outsourced Accounting Service comes in. We offer a real time accounting solution that is handled by a team of experienced accounting professionals for less than the cost of a bookkeeper on payroll. Not only do you get assistance with your bookkeeping, but you also get an accountant overseeing your account that can assist with financial statement preparation and income tax planning. We can also handle the processing of payroll and sales tax reporting, so it is like having an accountant on staff at less cost than a part time bookkeeper.
- Outsourcing may significantly lower the cost of your accounting function
The cost of a competent bookkeeper in house will cost your business a minimum of $20.00 per hour including employer payroll tax costs and overhead expenses. A part time ( 20 hour /week) bookkeeper would cost your company $400 per week with a full time staff person costing your company $800 or more per week.
Our outsourced bookkeeping service lets you avoid the hassles of training, supplying work space and equipment, sick days, or employee turnover. (Statistics show 1 in 5 businesses will lose their bookkeeper each year.) You also get the additional expertise of a trained accountant to assist in areas that most bookkeepers are unfamiliar with such as tax filings and planning.
Our services at Liebentritt Group, Inc.are tailored to your specific needs. Your accounting department costs may be significantly less than staffing the positions internally, and the level of expertise you acquire with Liebentritt Consulting Group, Inc. is an added benefit to your company.
To find out if outsourced bookkeeping is right for your company, give us a call at (505) 395-7399.