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Bookkeeping Saving Calculator
BOOKKEEPING OPPORTUNITY COST CALCULATOR
What is your average hourly rate when doing 'profitable activities'?
How many hours would you spend doing your bookkeeping per month?
Plus factor in time spent missing family activities, sleepless nights worrying if you got it right, and extra visits to the accountant to sort out your tax returns at end of year.
How it is now…
This is the average cost of your DIY bookkeeping per month
This is the amount claimable in your tax return as a business deduction
How it could be…
Hours saved per month by using a Professional Bookkeeper
Amount able to be earned by using your time profitably
The estimated number of hours a professional bookkeeper takes to perform the same duties
The amount paid monthly to a Bookkeeper if charged at the same rate as you
The amount claimable in your tax return as a business deduction
The potential extra revenue you could be earning per month by using a Bookkeeper
Potential Extra Earned Revenue Per Year
Then also consider the hidden extras such as:
Discounts received by payments being made on time
Savings made by having cashflow available to take advantage of sales and special deals
Savings made by reducing time charged by accountant to complete tax returns
Savings made by being able to make more profitable decisions for your business based on accurate numbers and reports you can understand.