You’ve been business for a few years now and have employees doing accounting work. It can be tough as the years go by to really know if what has become a full time job for one or more employees should really be a full time job with the available technology today.
Have you looked at your accounting workflow and really studied how many employees or how many hours a week you need to get your accounting work completed? If not, you should. Outsourcing your accounting needs is actually a great way to save on salaries and wages and the additional costs that come with W2 employees.
Look into outsourcing even just the accounts payable function and you could see real savings. Accounting firms have streamlined, automated services that can take your accounting functions and perform them for less than a salaried or full time employee.
Accounting services offered by forward thinking, tech driven firms can provide all the services you need for as little as 25% to 33% of a full time accounting employee. Significant savings can be had by outsourcing your accounting needs.