Do I need a CPA to handle my bookkeeping & accounting
In the accounting world a CPA is like a doctor and a bookkeeping accountant is like a nurse practitioner. While CPA’s are talented in many aspects of accounting, they are not required for most businesses needs. CPA’s are very useful for many large complex businesses & corporations, but for the majority of businesses a bookkeeping accountant can handle all your needs without the premium CPA price tag.
How much does bookkeeping & accounting services cost on average?
Research has shown that the average bookkeeping & accounting service cost less than 1% of gross revenue. For more larger or more complex businesses in can cost 1.5%-2% of gross revenue.
How much money can a professional bookkeeping & accountant service save me?
The amount of money professional bookkeeping & accounting services saves businesses varies depending on size of the business and the industry it is in. However studies have shown that businesses can save anywhere from a few thousand to tens of thousands annually by outsourcing their bookkeeping to professionals who can streamline processes, identify cost-saving opportunities, and prevent costly errors. Compounded with the valuable time saved for business owners, a good bookkeeping accountant can be invaluable.