Why You Should Outsource Your Bookkeeping and Accounting – LNK Tax Group
Unless you have more than $5M in annual revenues (more likely, less than $10M) it will be more cost effective to outsource your bookkeeping and accounting needs. Outsourcing is more flexible, which will allow you to scale your services up or down as your business needs change and you do not have to pay a salary plus expensive benefits.
In most cases, outsourcing bookkeeping and accounting will cost you anywhere from $500 to $2,000 per month. Within that range, your costs will vary depending on the support you need. Things like the number of transactions, cash vs accrual basis, chart of accounts, and overall complexity will affect the price. The more complex your situations, the higher the bookkeeping and accounting costs will be and the more likely you are to need a great bookkeeper and accountant.
Maintaining accurate and complete books are must for every business. Most small business owners will spend lots of valuable time managing the books but at the expense of growing their business. If bookkeeping and accounting are taking up time you could be spending on growing your business, it is worth the investment to outsource those needs.
At LNK Tax Group, we have a team of the top bookkeepers and accountants. Book a free 20 minute consultation with LNK Tax Group and let us take the bookkeeping and accounting off your plate.
At LNK Tax Group, you will have a dedicated Senior Account manager that it available to support and answer any questions you may have, whether it’s about your monthly financial statements or any other bookkeeping and accounting questions you might have along the way. At the end of each month, we send over clean and accurate financial statements which you can rely on for growth and planning of your business.