Businesses have two options when it comes to fulfilling their bookkeeping needs. Many employ in-house while others rely on a contract bookkeeper depending on which is more sensible to the company. The in-house option may be more desirable for larger businesses with full-time bookkeeping needs or for smaller businesses with part-time or multiple positions available that can be filled by one employee. Securing a contract bookkeeper eliminates a significant portion of the responsibility and expense that is connected to an employee. Some of the expense and responsibility savings are listed here:

 

• You will only pay a contract bookkeeper for time spent on your bookkeeping duties

• No payroll liabilities (social security, medicaid, federal and state unemployment, workers compensation)

• No pressure to offer health care and retirement benefits

• No expenses for licensing

• Not responsible for training an employee or related expenses

• No wages for time spent on training or research unless required by only your business

• Fewer office supplies and equipment purchases

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You may also find value in theses additional benefits:

 

• A trusted resource keeping you "in the know" with ever-changing business operations requirements and regulations

• Develop structure and organizational habits in your regular financial practices

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