Computing the Cost
Naturally, you want to know what this will cost. Time after time our clients have discovered that it is more cost efficient to outsource than to take time away from their business of earning money or pay employees and related overhead. We charge an hourly rate which is based on the type and amount of work you require and according to the level of expertise that work needs. In addition, for your budgeting convenience, we estimate the monthly average and charge that as our base fee each month. Additional time spent over that average is invoiced.
In some cases, it is advisable or preferable to only use hourly billing, especially when work load will vary significantly or cash flow does not permit regular use of our services.
According to Businessweek Magazine, employers can save up to 30 percent by hiring an independent contractor because they avoid paying payroll taxes, unemployment insurance, workers’ compensation and disability, as well as benefits that include pensions, sick days, health insurance and vacation time. Classifying regular employees as contractors also gives businesses the freedom to evade minimum wage requirements and overtime mandates as well.
What does this mean for you? Decide which services you would need: Starting up or re-vamping your whole bookkeeping system? Need to invoice your clients? Having trouble keeping up with paying the bills? Coordinating your payroll? Filing your sales tax?
People always ask me for a “ballpark figure.” Bookkeeping is transaction-driven and every business is different. Some businesses require very little bookkeeping because they only sell a few, high-ticket items in a month. Others have large numbers of transactions even on a daily basis. Everyone is different. Now that I’ve given you that caveat, I will reveal that our average clients spend about $300 a month. Are you an average client?
Do a little brainstorming about all the financially-related activities that go into your business. Estimate the time you think it takes you to perform those services. Then figure out how much money you lost in that same amount of time by not working your business, or how much having some time for your family or other interests is worth!
If you would like a ballpark quote, please click on the link below, which opens into an excel spreadsheet. Fill out the questionnaire the best you can, and email it to us. (info@YourBookkeeperNJ.com)
Please include your contact information in your email so that we can get back to you with the quote.
Then call us.