Save Money

Save Money with Virtual Bookkeeping by Kandis

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.

Here’s a typical breakdown of the costs of hiring a traditional, in-office bookkeeper:

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.”

Take a look at this breakdown to see the difference in savings when you use the services of a virtual bookkeeper:

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

That’s a total annual savings of $17,700 that can be re-invested in the growth of your business! If you are ready to save on professional bookkeeping services, contact us today!