Hot take: the $85/hr offshore bookkeeper I hired in September does better work than the $210/hr firm I used for 2 years | Business Services - Talk Freely
Hot take: the $85/hr offshore bookkeeper I hired in September does better work than the $210/hr firm I used for 2 years
I ran my print shop in Denver for 2 years with a local accounting firm charging me $210 an hour, and every month there was some new surprise on the bill, like the $340 charge for 'quick questions' they answered over email. Last September my buddy who runs a landscaping crew told me he switched to a bookkeeper out of the Philippines he found through a referral, paying $85 an hour, so I gave it a shot. The guy caught a duplicate vendor payment in my QuickBooks within the first week that my old firm somehow missed for 2 years, and that alone was $1,900 back in my pocket. He answers Slack messages in like 10 minutes, works my time zone if I need him to, and no more mystery fees tacked on at the end of the month. I get that people worry about sending their books overseas, but honestly the local firm was the one I never actually talked to, I just got invoices from them. Anyone else made this switch, and did you keep a US accountant for taxes on top of it, or just hand everything to the offshore person?
A $340 charge for answering emails is nuts. That firm was billing you for breathing. My sister runs a bakery in Portland and had almost the same deal, local CPA nickel and dimed her for every little thing. She moved her books to a woman in Manila and saved about $1,200 a month. She still keeps a US CPA for the tax filing part only, since the rules here are a whole different ball game. That split makes the most sense to me. Let the offshore person do the day to day, keep a US pro for taxes.