These are four ways using an outsourced company will reduce your company's operating costs:
Hiring an employee comes with all kinds of hidden costs. Along with the employee's hourly wage or salary, you'll be on the hook for taxes from the US government. You'll also be paying employees to go to meetings, sit through presentations, and do other tasks non-essential to the back office. With a contractor company, you'll only need to pay for essential work and file a 1099 at tax time.
Save money on training
New employees require paid training to get them off the ground, even when they're experienced. You still need to train them in your company's methods, both when they're new and after any company changes. It can take months to train staff in changes and new initiatives. Outsourced companies like ours can usually jump in much more quickly.
Grow other departments
With the cost savings you'll get from not paying a salary to a back office employee, you'll be able to redirect the money to work that immediately increases your company's income. Examples of this include increasing production volume, ramping up marketing, and starting new initiatives.
Hire high quality contractors
New companies often have limited budgets for employees, and experienced back office employees come at a high price. You'll end up with back office workers who are less experienced and take more time to train. When you outsource these tasks, it's easier to afford experienced book-keepers are a reduced rate.
Contact us to learn about how we can save your business money by providing expert, accurate financial and bookkeeping services.