Outsource Your Bookkeeping and Fire Your Bookkeeper! | ShoreAgents

Outsource your Bookkeeping and Fire your Bookkeeper!

When running any business, you need to make careful decisions around expenses. It is important to watch and know where every dollar is going. You must be like a hawk as expense creep can really suffocate a business. It is always like a few dollars here, oh yeah, an extra subscription that’s on $29/month however they all add up.

There are other expenses that are a little larger than your $29/month subscription that I would like to talk about. This one is kind of strange as the person who should be helping you to watch like a hawk I am going to say to FIRE. That’s right, your hawkeye in the sky you must say a polite goodbye. That was my attempt at rhyming, sorry Grammarly if I have confused you again.

Let’s recap, “FIRE your bookkeeper”.

Now I am not saying walk into your office and tap Jenny on the shoulder and say your services are now no longer required. You will need to plan this one out and before even taking my advice, hear me out on why.

  • Bookkeepers charge $70/per hour on average
  • Online programs now do a lot of the grunt work
  • A bookkeeper is not an accountant, so the role is really redundant

It is a pretty simple reason when you look at it. They are expensive and the work that they do is not overly difficult, however, it is very important. Prior to looking for a replacement, you will need to do some research on what an outsourced accountant or bookkeeper may cost you. You will find that a junior will cost you between $15 and $20/per hour. A senior accountant will cost about $25 to $30per hour. These figures are AUD, so if you are in another country just do your conversions. If you are running a larger business and you need yourself a full-time senior finance officer or accountant, you will need to use a provider like ours. For a full-time accountant with all fees included you would pay about $2500/month. I hope this saves you doing some research and really helps you see the difference in your outlay.

Getting back to what I said before, don’t just walk into the office and say goodbye to Jenny. The reason I say this is that if you are taking your accounts offshore then you really need to consider how you are positioned for the move. Here are some quick bullet points on some tasks you must complete prior to employing an outsourced bookkeeper.

  • Make sure you have a cloud accounting program
  • Your books must be neat or as close to neat as possible
  • Set up a clear process for what goes in what chart of account
  • Set some expectations around what reporting you would like completed
  • Have everything documented
  • Simple one, have a microphone and camera on your PC

If you follow all of these things you will have success with taking your accounts offshore. I have been down this path myself with my Real Estate Business and know what it is like to hand over your accounts. The reason in my list of things to do is I mention do not hand them over in a mess is I did exactly that. When hiring Real Estate Virtual assistants for all areas of my Real Estate business I did everything wrong and that’s why now I consider myself an expert. If you would like to learn more about Offshore staffing, feel free to head over to Offshore Tipping Point and grab my free e-book.

Thanks for taking the time if you got all the way to the bottom. If you like my clear tip on one way you can reduce your overheads, please share with your friends. If your friend is a bookkeeper share it with them not to upset them but to help them. Maybe they can hire some staff with us and get off the tools. Have a great day.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

seven − seven =

    Fight Fomo! Subscribe Now!

    We are addicted to all things Real Estate! In our newsletter you will receive FREE tips on how to generate more leads, cut costs and automate your business.


    Guest Experts

    CIPS, TRC, Founder and Managing Director of property management business solutions company ireviloution is an international real estate identity who has coached, mentored and trained over a thousand of property management teams and business to success and thousands of individual property management business owners and property managers worldwide.

     
    Jo-Anne Oliveri

    A co-founder of LockedOn – a powerful, easy-to-use real estate CRM platform that makes listing and selling simple. With over 15 years in software development experience in the real estate industry, Iain has helped create software solutions that have enabled thousands of agents create lasting relationships with their customers.

     
    Iain French

    He is the Founder of the hugely successful Offer Management Platform, Market Buy, and a career real estate agent spanning 22 years. He has worked in all facets of real estate and has won many awards over the years for Innovation, Sales volume, and office performance. Dave is dedicated to improving the real estate industry and providing agents with the tools they need to survive and thrive in an ever-evolving business environment.

     
    Dave Stewart

    She is the founder of Rent Roll Starter and specialises in helping independent real estate agents to start and build their own Rent Rolls, using affordable (and sometimes free) marketing and growth strategies.

     
    Ellen Bathgate

    He is the Co-Founder and CEO of the Melbourne-based proptech start-up Rental Heroes. He is passionate about applying innovative digital solutions to help people connect better. Like many Australians, Ben and his co-founder Dom, have been both tenants and landlords. They founded Rental Heroes because they saw an opportunity to speed up issue resolution and automatically handle common tenant requests 24/7 (everything from a broken dishwasher a to pet requests!). Rental Heroes have launched their AI-chatbot “Alex” - who helps property managers by liaising directly with tenants to handle everyday requests and issues.

     
    Ben Burton

    With more than 15 years experience as a professional real estate photographer, Brad has a deep understanding of what it takes to showcase a home in its best light. After photographing homes all day and editing them all night, Brad decided to create BoxBrownie.com, which has become the ultimate photo editing portal for everyone from professional photographers, real estate agents, to property managers.

     
    Brad Filliponi

    With extensive digital experience spanning over 30 years, He is a full-service mobile marketing business specialist and chatbot ninja. Mike helps empower small business owners and real estate agents to achieve marketing success on Facebook by generating leads through conversation.

    Mike has built the marketing platform and designed the Facebook strategy using old school systems so that Real Estate Agency owners can build the most effective marketing lists as well as own the data from advertising and marketing. Following Mike’s vendor paid 12-point strategy over 12 weeks will build a list of over 1,000 prospects segmented into Buyers and Sellers that teaches Facebook who should see your ads in the future.

     
    Mike Hillsdon

    Sarah has emerged as a highly sought after speaker and panelist on the intersection of artificial intelligence and human systems in real estate. Sarah is passionate about helping agents and organisations to understand this new technology, simply, so they can make confident and informed decisions about how to adapt to a future of work where human and digital resources collaborate.

     
    Sarah Bell

    Joel is the founder of Property TV and has worked with some of the most innovative companies in Australia, USA and Europe. He is the former CEO of Californian PropTech entity Transmit Data and former CIO for a Silicon Valley technology incubator, Joel has been at the forefront of property marketing and technology for the past 15 years. Joel is also the former CIO of the Australian Property Institute and former Head of Technology for real estate franchise group, Raine & Horne.

     
    Joel Leslie

    He is a mental skills & mindset coach, and founder of  Jet Xavier Consulting Agency. Jet Xavier has conducted over 4000 elite human performance coaching and training sessions with various real estate agents and major agencies across Australia and overseasHe is a pioneer in the Real Estate industry as his training and coaching techniques bring the latest neuroscience, positive psychology, and elite human performance models to agents and principals helping them to create success at every level.

     

    Jet Xavier

    He is the founder & CEO of Properti.ai. Craig has spent the last 25 years at the forefront of technology, marketing, and business building in Australia and around the world. He has built and sold 2 technology companies to NYSE listed US companies.
    Having worked with Google, Amazon, Telstra as a technology provider to some of the largest Industry brands including REA, Corelogic, LJ Hooker, REIQ, and many others in the Real Estate industry.
    What separates him from most is a rare mix of technology innovation that can be applied to business growth and marketing strategies.

     

    Craig Deveson

    He is a dynamic and seasoned leader and expert in the world of both technology and property. For over 20 years, Josh has been using his expertise in strategy, product, technology, and marketing to make significant notable transformations in Fintech, PropTech, and the interplay of technology and humans. Josh now leads PropTech start-up company Little Hinges, a world leader in digitising space.

     

    Josh Callaghan

    He enjoys using construction principles to help businesses grow. He studied Civil Engineering and worked in construction for over a decade. Jarren founded Harvey PM Services to help business owners discover their foundations and turn their blueprints into reality. He is currently working with partners in Australia to shake up the property management world.

     

    Jarren Harvey

    He is the Chief Digital Strategist at Market Buy – Online Offer Management, he’s a Facebook Certified Professional and has spent the last 30 years working in tech, the last 10 specifically in prop tech. While John spends most of his time building out Market Buy’s digital strategy, he’s also responsible for Check My House Price and has generated over $1.6billion worth of commission leads for agents throughout Australia and New Zealand.

     

    John Hellaby
    Flussos

    Still want to know more about our services?