Have you ever "put a pencil" to what your accounting function costs you each year? While outsourcing all or a portion of your finance operation is the way of the future, most businesses still do that work in house.
So the question is how much does it cost you to keep it in house?
Here is a quick way to get a big-picture idea of your total spend in that area. Drop the annual cost for each item in the blanks below.
You are going to see more and more professional services firms and CPAs providing a complete finance function service in the coming months and years. A service that goes way past what CPAs and bookkeepers currently provide.
The convergence of new technology, together with seasoned financial professionals, is about to change how entrepreneurs and CEOs think about the financial side of their business.
Knowing your costs will help you evaluate whether the new trend could help you save money while at the same time providing you more insightful and timely financial information.
Click here to get my blog posts delivered right to your email inbox. I publish one new post each week.