Ask This Before Outsourcing Bookkeeping Services
Business owners today are getting busier, and they have started offloading some of their day-to-day responsibilities. Outsourcing a variety of jobs has been on the rise for the past few years. The market size for global outsourcing reached $92.5 billion before the pandemic . By devoting more valuable time to other critical activities, they can grow their business much faster. One such business activity that you as a small business can outsource is bookkeeping services. However, before you go ahead and finalize someone for the job, you should have clarity and hence should have answers to the below-mentioned questions: 1.What is better – a flat fee or hourly wages? It would be best if you evaluated which option will be cost-effective for you. With a flat fee, you have an advantage – you know how much funds you need to have at the end of the month to pay for bookkeeping. On the other hand, hourly wages are helpful if your monthly transactions vary a lot. When transactions are low, y...