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KYB Today

                                               

01 May 6 Inexpensive Tools for Agencies That Will Improve Your Bookkeeping

Posted at 09:00h in

Business Tips, For Agencies

by KYB Blog  •  0 Comments

Marketing, advertising and PR agencies have unique financial and bookkeeping needs, and it can be a challenge to keep records organized, responsibilities covered, and information security risks at bay. Are you struggling to manage your books and keep accounts balanced at your agency?

To help you overcome some of the challenges agencies commonly face, explore these six affordable bookkeeping tools. 

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25 Apr Are You Spending More Than $60,000 a Year on Your Back Office Support Person?

Posted at 01:00h in

Business Tips, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

Did you know that a back office support employee can cost a startup or small to mid-size business upwards of $60,000 each year? While that figure may vary, this is a lot of money to fill a role that doesn’t necessarily require a full-time salaried position — not to mention the benefits that go along with that salary, resources necessary to train them, equipment to help them do their job, and so forth.

Here’s another important question. Did you know you could be getting the same amount of support that a full-time employee provides by outsourcing to a remote accounting or bookkeeping partner… at a fraction of the cost?

Explore what’s possible when back office support is taken off your plate and managed by a remote provider like Keeping Your Balance. 

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11 Apr Meet the bookkeeper SPOTLIGHT: Kristan Anderson

Posted at 12:00h in

Meet the Bookkeeper

by KYB Blog  •  0 Comments

Welcome to the fourth edition of our Meet the Bookkeeper series. In this series, we highlight members of our bookkeeping team, so you can get an idea of the expertise and knowledge that's available to serve you and your business, day in and day out. 

Our 100% U.S.-based team is made up of experienced and passionate accounting experts. They help our clients grow their businesses by providing reliable support for their bookkeeping, accounting, payroll and HR administration needs. 

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04 Apr The Cost of Turnover at Agencies and How This is Impacting Your Growth

Posted at 12:00h in

For Agencies

by KYB Blog  •  0 Comments

Every company faces employee turnover at one point or another. But you might not recognize how much it costs your company every time an employee leaves. Between offboarding, filling the gap, hiring a replacement, and training them, you could be facing tens of thousands of dollars in employee turnover costs. And high costs in turnover mean fewer funds to help your business grow.

According to one study from Employee Benefit News, it costs 33% of an employee’s salary to hire their replacement. So, if an employee makes $45,000 per year, your company could face $15,000 or more in employee turnover costs. That’s money many businesses can’t afford to throw away.

Explore these four different areas associated with employee turnover, and learn how each one costs your company money. 

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03 Apr Back Office Turnover: When Enough is Enough

Posted at 12:00h in

Business Tips

by KYB Blog  •  0 Comments

Do you feel like you’re constantly trying to fill back office positions vacated by employees? Or, even if it hasn’t been that often, you likely know the pains caused by losing someone unexpectedly on your team. Back office turnover can lead to some negative consequences, like a loss in productivity and low morale.

It can also come at a heavy price. When a Millennial employee quits today, it’s estimated to cost companies between $15,000 and $25,000. This number can be more or less, depending on the time it takes to hire, increase in the new employee’s salary, training time, and more.

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