Accounting is an integral part of any business, so it is important to find an accountant or bookkeeper that fits your company’s financial needs. The concept of outsourcing has various apprehensions, and every small business owner poses this one thought “How much does it cost?” or the cost-effective breakdown.
The bottom line is COST and PRECISION.
The cost has always been a consequential aspect in the decision-making process. The worldwide trend now focuses on having reliable, accurate and cost-effective business operations.
Outsourcing companies these days, have no fixed pricing table. Moreover, pricing matrix depends on the level of complexity and time of the work needed. BUT accounting and bookkeeping service providers are genuinely lower at price compared to in-house accountants.
Imagine This Offer
When you decide to outsource, there are no absolute hidden costs! In fact, there is no need for the client to allocate benefits, devote extra time or pay overhead costs. Outsourcing may cost between $1,000 a month to $5,000, depending on the extent of the plan. It’s worth noting that there are clear, upfront costs that will not be altered by unexpected variables.
There Are 4 Types Of Bookkeeping Service Fees
In every business model, there is a fit outsourcing bookkeeping fee service. Here is a guide for you to maximize the solutions these firms can provide.
- Fixed Fee Service
OZ Tax PTY. LTD. is an example of a fixed-fee service but may offer customized fee services. They are not your ordinary bookkeepers but real accountants. In this model, you work out a set monthly pay – the accountant fees vary based on the requests of your company. The benefit here is for every email and phone call you make to your accountant, bills are not present.
- Hourly Fee
Some business owners like this model. “You pay for what you use” system and bookkeeping services cost less in low-volume months. The thing you cannot justify is when an accountant claimed to have spent excess hours worked but took only 30 minutes.
- One-off Project Fee
Ideal for a QuickBooks problems or you needs to get your books caught up and then wants them back over. In this situation, you are hiring an accountant to do a one-off project.
- Startup Price Matrix
If you have a small business, you look for a company that specializes in basic support. The con is you might need to transfer your accounting support in future to a more advanced provider once you grow.
(Additional Pitch)
We at OZ Tax PTD are not mediocre bookkeeping leads, all of our staff are certified, accountants. Not your ordinary personnel - we consider ourselves your personal business advisors. Our vision goes beyond accuracy in spreadsheet and bookkeeping needs; but ideas, strategies, actions and plans.- for comment
