Why a Virtual Bookkeeper?
The Virtual Assistant is NOT an employee, therefore, they are not a financial burden from a; employee tax, and benefits standpoint. The U.S. Government has estimated that a fully-burdened employee will cost an additional 40% in addition to their annualized salary. A full-time employee has an associated productivity factor assigned to them. For our examples, we will use National Average (Use U.S. national averge of 19.5%, per U.S. Government)
The variables that comprise the 40% to fully burden are;
Health benefits,
Work-place tools; computer, phone, printer, desk, space
Training required of a FTE to be fully competent in environment
Attrition rate.
** Example: Full-time bookeeper
U.S. Median salary in 2007 = $34,760
Divided by 2080 hours = $16.71 per hour
Fully burdened: 40% = $23.39 per hour
Productivity factor: National average on full-time employees in U.S. = 19.5% of UNPRODUCTIVE TIME or WASTE. This add an additional hourly cost = $6.25 per hour
Total Cost of a full-time bookkeeper = $29.64
We can make the business case for literally each task and expertise that a Virtual Assistant would provide to your firm.
If you combine our "bookkeeper" rates and add-in a sales/marketing/coaching program at NO extra cost, our Return on Investment could very well be measure in weeks vs. months.