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  • Writer's pictureSteve Spiech

You May Be Able To Save Money By Outsourcing Your Bookkeeping or Your CFO

Let’s be honest, what business owner doesn’t love saving money? Especially, when it comes to things that have a good return on investment??


As business owners, we know one key to running a business is saving money in all the ways we can. Sometimes, it’s not so easy finding those gray areas, but don’t worry! This blog is here to help you find some savings in the way you handle your finance support. 


One area where businesses can save significantly is in outsourcing their bookkeeping and CFO services. 


Did you know that outsourcing these functions can not only be convenient, but also cheaper? Here are three key reasons why:


PAY ONLY FOR WHAT YOU NEED

Outsourcing allows businesses to pay only for the services they require. Whether it's reconciling your books or interpreting your financial statements, you can tailor your outsourcing arrangement to suit your specific needs. This flexibility means you're not paying for full-time employees before you have enough work for them or overpaying someone who is doing work someone else could do for less money. It's a cost-effective approach that optimizes your finance support by ensuring you get the services you need without unnecessary expenses.


AVOID HIRING AND TRAINING COSTS

Hiring and training in-house bookkeepers or CFOs can be a costly and time-consuming process. From recruitment expenses to onboarding and ongoing training, the costs can quickly add up. By outsourcing, you eliminate these expenses altogether. You gain access to a team of skilled professionals who are already trained and experienced in handling financial tasks efficiently. This not only saves money, but also ensures quality in your financial management.


SAVE BIG TIME ON COSTLY EMPLOYEE BENEFITS AND PAYROLL TAXES

Providing benefits such as healthcare, retirement plans, and other perks can significantly increase the overall cost of having full-time employees. You also have payroll taxes for Social Security, Medicare, Federal Unemployment, and State Unemployment. When you outsource your bookkeeping and CFO functions, you don't have to worry about these expenses. The outsourcing firm takes care of its employees' benefits and payroll taxes, allowing you to focus on your core business without the financial burden of covering these costs.


By outsourcing your bookkeeping and CFO services you pay only for what you need, avoid hiring and training costs, and don’t have to pay for employee benefits and payroll taxes. You also gain access to business experience and insights. It's a cost-effective choice that enables you to allocate resources where they matter most and drive your business forward.


Finance Burger can help optimize your finance function. Reach out to us today so you can start saving (317) 442-2869.



P.S. Tap the burger below



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