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KYB Today

                                               

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

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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

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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

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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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27 Mar Tips to Help You Cross the $5M Threshold Smoothly

Posted at 12:00h in

Remote Bookkeeping

by KYB Blog  •  0 Comments

More business comes with more responsibilities. While you might be able to handle your business as it is now, you might not be able to efficiently and profitably manage your business after exponential growth (which is the goal of course).

As you know, it’s smart to always be one step ahead and to be thinking about the long-term success of your business and the potential challenges that come with it, before they impact your ability to cross coveted revenue thresholds.

Explore these four challenges that your business will likely face as it grows, and strategies to help you navigate them smoothly.

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