In-House Bookkeeping Employee or Business Accounting Team

While an in-office bookkeeper is the traditional way to manage business finance, having a business accounting team can bring a real, tangible benefit to a business’s bottom line.

1. A Business Accounting Team Means Less Risk

Hiring the right employee is always a challenge. Not only will they need the right skill set, but they will also have to fit into a unique working environment. If something doesn’t work out, then all of the time and money invested in that employee will be left by the wayside while the owner looks for a different in-office bookkeeper.

Plus, when a business grows, having a fixed employee skillset instead of something flexible can be a hindrance.

With Controllership Focus Online, business owners have a fixed cost like an employee’s salary, but instead of one person, there is a whole organization of people working to get the job done. Business owners only spend their money on what they actually use for accounting and bookkeeping.

Some might say that having someone in the office is important so that they’re always available to answer questions. Controllership Focus Online keeps regular business hours, just like an in-office bookkeeper would. It’s like having an experienced accountant in your office, down the hall. Just, without the hall.

On our system, business owners can phone or email the specific professional accountant (CMA, CGA, or CA) assigned to them whenever they have a question or concern. Some CFO clients have said the mix of phone, email, and online connectivity is more convenient than an in-house employee.

It’s a business accounting system with less risk, but the same benefits of having someone in-house.

2. Fixed Overhead Costs with a Business Accounting Team

When hiring an in-office bookkeeper, business owners are paying for more than just accounting. A bookkeeping employee requires:

• A benefits package

• Computer costs

• Accounting software costs

• Office rent

• Pension

• Non-chargeable time

• Training to stay up-do-date on tax rules and government regulations

Controllership Focus Online handles the employee side of things so that the business owner only needs to buy the actual accounting and bookkeeping needed. When times are tight, having a lower overhead for a business can make all the difference.

3. Easier to Manage Than In-Office Bookkeeping Staff

Having an employee in-office means managing that employee in-office. Business owners will have to handle scheduling, vacation time, sick time, and coffee breaks. If the goal is to always have someone available to answer questions and get things done, that can’t happen when your bookkeeper is taking time off, or sick.

What’s the First Step with Controllership Focus Online?

Contact us by phone or email. Once we have done a professional needs assessment, we can make recommendations. We outline only the most fitting bookkeeping and accounting options.
Contact Controllership Focus Online Now

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