Outsourcing vs Hiring a Bookkeeper

As a small business owner, you probably have plenty of reasons why you’ve never considered the outsourcing vs hiring question. Perhaps you believe your operation is too small. Maybe you think of outsourcing as sending work overseas to get a cheaper labor rate. Could it be that you always envisioned yourself as the boss in control of a loyal staff?

These are all good reasons, but the outsourcing vs hiring issue isn’t quite that complicated. Outsourcing’s bottom line is that you can get professional tasks done by a trained expert and save money. Consider the following benefits to determine if outsourcing can work for your company.

Outsourcing Reduces Employee Costs

Outsourcing remains a viable business option because it helps minimize the expenses traditionally associated with full-time employees. When a company hires workers to perform every job, it usually means paying a salary and offering a benefits package. It also means providing insurance, sick pay, vacation pay and more. These costs can be particularly hard on a small business where funds are often limited.

You Get a Full-time Professional For a Part-time Investment

When you outsource, you pay the cost of the services provided. Period! If you need a professional to do certain tasks, bookkeeping, for instance, you find a bookkeeper who meets your requirements. If you need someone to do 10 hours of bookkeeping each week, you won’t have to pay a 40-hour salary plus benefits. You simply pay for the actual work your bookkeeper does.

Non-Employees Don’t Need Office Space

Another positive aspect of outsourcing vs hiring is the money you save on traditional office costs. If you hire a full-time employee, you’ll have to provide a workspace and supply the tools they need to do their job. Minimally, an office employee needs a desk, computer, phone, chair, cubicle or office, and office supplies.

You Won’t Have to do the Work Yourself

If you’re like many small to medium business owners, you spend many hours running your operations. Then you spend additional hours doing your own bookkeeping and many other tasks. Or perhaps you add the additional duties to another employee’s workload, which might make them unhappy.

Either way, you or your employee are putting in overtime hours doing a job that requires professional training and expertise. When you outsource professional tasks to experienced professionals, you get expert results. You can devote your time to running your company and your employees can stick to their regular job duties.

Of Course, there are a few Negatives

Just like any business choice, outsourcing has its drawbacks. The Forbes article, “The Pros and Cons of Outsourcing,” lists a few.

• Worker Control
• Communication (time zones, language, etc.)
• Quality control

You can usually work through any negative issues during your selection process. As with a traditional employee, you can ask for professional references to help you make your decision. You can also check Google customer reviews and other online feedback resources.

Outsource Your Bookkeeping to a Connecticut Professional

When you outsource your bookkeeping, you don’t have to work with an overseas company or even a company that’s located across the country. At Goode Bookkeeping & Consulting, we provide professional bookkeeping, invoice management, payroll, and other small business services. We work remotely but we’re right here in Glastonbury, Connecticut.

To learn more, call us at (860) 968-2345 or complete our contact form.