What It Really Costs To Have A Bookkeeper On Your Payroll
Are You Thinking About Hiring A Bookkeeper?
You May Think Otherwise - After reading this because it is not as good an idea as it seems. In addition to the costs of advertising, reading a lot of fiction stories (resume's), 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 Have Interviewed - Hundreds of candidates for Construction Bookkeeping positions and 90% of them said they could do the job...IF WE TRAINED THEM!
Training And Education - Is something that is sold at colleges and universities. I know because I have invested many tens of thousands of dollars and several years of hard work on training and education. And I continue to invest thousands of dollars and even more hours to maintain all of the certifications I have acquired in several areas of expertise.
When A Job Seeker - Suggests we could provide them with a professional accountant that costs our firm between $75.00 and $125.00 an hour including overhead and PAY THE TRAINEE to learn a skill they should have before submitting a resume makes me wonder what color is the sky in their world?
Human Resources - Is an area I will not even discuss here. For the smaller firms with annual sales volumes under $5,000,000.00 I strongly suggest you work with an employment attorney to develop your employment agreements.
Fully Burdened Bookkeeper Cost - Simply 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. The example below shows a part-time in-house bookkeeper at $15.00 an hour working 20 hours a week. Notice this poor soul does has very fee benefits and they still cost the company $39.40 per hour!
Input Your Numbers To Get The Big Picture Now
Fill In The Boxes By Scrolling To The Bottom And Click Finish
To Send Yourself A PDF Report And Repeat As Often As You Like
Your Fully Burdened - Labor rate will not be the same as the example shown above. Simply change the numbers in the Light Blue Boxes to match your numbers and scroll to the bottom to get all your numbers in and if you want a PDF report sent to you click on the Green "Finish" Button. Do not get caught trying to track down the exact numbers, just get in the numbers you know for now. You can always come back later and do more calculations. This is a tool to help you get on track.
See The Nine Steps for a recap of what can happen to you!
The Two Happiest Days - In a boat owners life is the day he buys a boat and the day he sells it! In between he learns that B.OA.T. means Bring Out Another Thousand
The Two Happiest Days - In a construction company owner's life is the day he hires a bookkeeper and the day he outsources his bookkeeping.
In Between He Learns How To Identify Bad Bookkeepers The Hard Way!
In The End - Bad Bookkeepers will leave you wide-eyed, stupid, mouth open, standing in the middle of the highway, gasping for air, upset, with tear stained checks, staring at what remains of your business, crashed, rolled over, upside down, in the ditch, on fire, with flames belching from all sides with no hope in sight.
And then things get real ugly as you recall reading The General Contractor And The River Of Construction Commerce and realize all of this could have been avoided!
I have seen bad bookkeepers ruin many businesses, especially construction businesses. In most cases it was incompetence and in other cases it appears to have been deliberate. All I know for sure is that I have witnessed business failures that have led to divorce, families destroyed, finances wiped out and people living on the streets. In a few extreme cases I know of contractors that have taken their own lives.
Replace Your Wealth Prevention Tool Before It Is Too Late!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or email@example.com and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Thinking About Outsourcing Your Contractors Bookkeeping Services?
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We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+