Bookkeepers provide priceless services to any business, but how much does it really cost your company to add another employee to the team? When you hire a traditional, in-office bookkeeper, you don’t just commit to paying a base salary amount — there are other expenses associated with hiring an employee as well. You’ll also shell out for employee taxes, benefits, time off, increased overhead and other expenses. These costs can quickly add up to more than you anticipated.
Expenses | Annual Cost for Part Time Work (20hr/week) |
---|---|
Base salary ($14.75/hour) | $15,000 |
Benefits (15% of salary) | $2,250 |
Payment for sick days, holidays, etc… | $1,950 |
Payroll Taxes | $1,800 |
Administrative costs | $1,350 |
Supplies and equipment | $3,900 |
Rental of space for in-office employee | $2,250 |
Annual Total: $28,500 |
There has to be a better way — and there is! When you hire Virtual Bookkeeping by Kandis, you get the same professional services provided by a traditional in-office bookkeeper at a fraction of the cost. Your virtual bookkeeper may cost more per hour when it comes to salary, but he or she can do the same amount of work in a fraction of the time and will cost you far less in the long run due to no benefit expenses, paid time off or other necessary “extras.”
Expenses | Annual Cost for Part Time Work (20 hrs/mo) |
---|---|
20 hours/month ($50/hour) | $10,800 |
Benefits | $0 |
Payment for sick days, holidays, etc… | $0 |
Payroll costs | $0 |
Administrative costs | $0 |
Equipment and supplies | $0 |
Rental of space for in-office employee | $0 |
Annual Total: $10,800 |