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The above data are rough estimates basis the information filled during search. But it throws an overall idea of how much it would cost to employ someone to handle your bookkeeping and accounting. Sure was an eye opener. Such high expenses might be out of reach for a small sized firm, but bookkeeping & accounting is too crucial an area to be ignored without detrimental repercussions.
Here’s a smart alternative. Hire Finance and Accounting Outsourcing (FAO) provider. They can be a great cost-saving resource right from your basic bookkeeping, accounting to even financial reporting, tax preparation and audit. You can even hire them as your part time CFO services whenever required. It is important to scrutinize all options available and select the best plan for the success of your business.