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KYB Today

                                               

25 Jun Should a Startup Outsource Bookkeeping, Accounting and HR

Posted at 12:14h in

Business Tips, startups

by KYB Blog  •  0 Comments

Managing a business is quite demanding and even more so when it is a startup in its early days. Along with working consistently to improve the products or services on offer, you still can’t afford to neglect the other non-administrative aspects of day-to-day management.

Like HR services. Along with taking care of bookkeeping and payroll, you’d need to be on top of your game to ensure you aren’t consciously flouting government rules and regulations. You definitely don’t want to be slapped with brutal interests and penalties, do you?

 

Payroll calculations, on the other hand, may prove challenging. Different states have different laws but you’ll still need to get your account and finances in order. Nowadays, many startups, as well as established corporations, are turning towards outsourcing firms for their accounting and HR needs.

Does outsourcing make any sense in this case? Does it offer any kind of advantage as a startup? All of these and many more would be answered in this guide. As a startup, outsourcing your accounting and payroll services may turn out to be a very great idea. Below, we’ll explain the many reasons why it may benefit you as a startup in the early days.

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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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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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08 Feb Top 8 Mistakes That Your Bookkeeper Shouldn’t Be Making or Missing

Posted at 09:00h in

Business Tips, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

We cannot understate how critical it is to have a trained professional managing your company books. It’s equally important to ensure there are processes in place that hold them accountable for their work. The first step is knowing about the bookkeeping mistakes that can occur when someone without proper accounting experience is managing your books. We’ve put together a list of eight of the biggest mistakes that a professional bookkeeper should catch.

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