As for the majority of small and medium sized businesses, hiring an in house bookkeeper is not really a necessity. Most of the time, many part time bookkeepers that such businesses hire often choose to leave the company in just a short period of time. Because of such, the left behind company would then get the assistance from a reliable bookkeeping company.
A usual bookkeeping service offers two types of services. It includes the onsite bookkeeping and off-site bookkeeping. These two will be distinguished below as well as its advantages and disadvantages.
This service takes place when the bookkeeper will personally go to the company in need of the assistance. This is very much like in-house bookkeeping. The difference is, the bookkeeping firm is the one who hires the person and will be the one to send out for the other company which happens to be the office of the client.
There are quite a few advantages of onsite bookkeeping. One great advantage that most company can benefit from it is to save money rather than having in house bookkeeper.
If this is the type of service that you wish to have, there is no need to keep the same bookkeeper if you feel that one who was sent the first time is not the one that you need. All you need is to ask for another person the next time. Then, once you worked with the one that you think can adhere to exactly what you need, you can ask the firm to ask the same person. This system cannot be possible when you have the in-house staff for bookkeeping because you need to stick with the contract.
The other benefit is getting rid of the employee benefit. No need to worry of sick leave and vacation leave and there is no paycheck involve because you will directly pay the firm.
This service means that bookkeeping will not take place in the actual office of the client. Instead, the documents needed for the service will just be sent by the client through email of fax and the bookkeeping firm will process the work from their end. Once done, or after the allotted time to finish the work, the documents will also be sent electronically.
When compared with onsite bookkeeping, choosing to go with off-site bookkeeping is surprisingly a lot economical. The price can be as much as half less than the amount of onsite bookkeeping. You can just imagine how much money can be saved when compared with in-house bookkeeping.
No matter which service that you will end up having, onsite or offsite bookkeeping, it is completely dependent on your company’s need and the amount that your company can afford. Both of such would offer great benefits. At the end of the day, you will get what you need and that is to have a tedious job such as bookkeeping successfully performed for your company’s need. Your company will save money that you can allocate on more important matters.