Hiring Vs. Outsourcing   Are you thinking of hiring a bookkeeper? After reading this, you may think it is not as good an idea as it seems. In addition to the costs of advertising, reading many fiction stories (resumes), interviewing candidates (like a brand new car on the showroom floor), job-seekers are the best they will ever be during the interview. After that, it is all downhill, and the only question is how fast.   We interviewed hundreds of candidates for Construction Bookkeeping positions, and 90% of them said they could do the job - if we trained them.   What does it cost to have a bookkeeper on your payroll?   Fully Burdened Bookkeeper cost means what it will cost you to hire someone, including the company portion of the payroll taxes and all those little costs that only an accountant like me would think about.   Unlike hiring employees, when outsourcing your bookkeeping (to us), you don't pay for any 'down time' or office chatter, excessively long breaks, cell phone calls, surfing the web. You are charged only for our professional bookkeepers' time doing your construction bookkeeping work. Our people have the knowledge, skill and we have systems in place to work fast, saving you time and money. We pride ourselves on employing the most competent construction bookkeeping professionals and ProAdvisors in the business. Our employees have passed our extensive test, a thorough background check, and a personality screening process. Most of our employees have over 10,000 hours of bookkeeping experience. This level of expertise is tough to find when seeking a part-time employee.  Having said that, competent bookkeepers can be highly beneficial for businesses of any size. They offer expertise and insight into areas you may not have experience in. They can also take some tasks off your to-do list, freeing up your time and energy to focus on other matters.  Here are four benefits to outsourcing bookkeepers to help you manage your construction business. Expertise A bookkeeper is an expert at managing, sorting, and recording your business's financial transactions. They've spent time developing their skills and experience. They've also seen and resolved bookkeeping-related issues that you may come up against during that time. Their expertise makes them more efficient at managing those issues.  Beyond that, they understand business trends and challenges others in your industry face and can help you move through those as well. They also know what questions to ask to help you make important decisions and share best practices with you.  Guidance Your bookkeeper not only helps you maintain accurate records, they understand your financial circumstances. They allow you to assess how to make critical business decisions, such as whether now is an excellent time to grow or when you should hold back. They can also identify trends in your industry and help you take advantage of those opportunities. Finally, they can assist you with budgeting and sticking to your budget. They'll help you develop a realistic financial plan that enables your business to grow while achieving short- and long-term goals.    Time savings As a construction business owner, you likely have many activities to focus on. In bookkeeping alone, there are numerous tasks to be responsible for, such as: Collecting and recording transaction data Sorting receipts Classifying expenses Invoicing customers Paying vendors Managing payroll Bookkeepers take on those tasks, so you don't have to. It's not just about the energy you put into them; it's about the fact that unless you're a construction bookkeeping expert, it'll likely take you longer to complete these activities than it would take a bookkeeper.  Think of the time you spend during an average week managing your books, then think of the time you spend during a high-pressure week, such as during tax season. That can add up to a lot of extra hours. ...