Facts & figures
Are you still doing your own payroll accounting? We prepared a cost account.
Are you still doing your own accounting? Here is an overview of the outsourcing costs.


Are you still doing your own accounting?*
Here is a comparison emphasising the advantages of outsourcing your accounting.

A) A freelancer prepares the monthly books himself with a standard financial accounting programme:

Accounting programme
10,-- €
   pro rata
Working hours (approx. 8 hours)
0,-- €

However, if you take into consideration that an entire day of your valuable time is lost, the calculation looks somewhat different:

plus lost turnover
500,-- €
Total:
510,-- €
  x 12 months
6.120,-- €
   total expenses

Then our client didn’t have time to deal with the current amendments to accounting laws. This leads to comprehensive adjustment activities in the course of the preparation of the financial statements.
Adjustment activities financial accounting:
400,-- €
Annual expenses total:
6.520,-- €
  

B) However, if our firm prepares the books, this would approximate the following costs:

Financial accounting programme
0,-- €
Working hours accountant
300,-- €

An accounting expert in our firm prepares around 60 accounting records per hour, which is only possible due to our experienced specialists as well as our perfect infrastructure.

Adjustment activities: YES
0,-- €
Total:
300,-- €
  x 12 months
3.600,-- €
   total expenses

Due to standardised checklists and audits, we optimised the transition to the balance sheet preparation and no additional costs arise for any adjustment activities.
In accordance with this example, total savings would amount
to € 2.520,--! Furthermore, the client can concentrate on its specialised fields and is informed at all times of the situation of his company due to the monthly managerial analysis.
However, should you wish to do your own accounting or should you have your own accountant, we recommend our product “BMD client financial accounting”.

*Please note: the calculations do not necessarily correspond with the actual situation, they are only intended to demonstrate the advantages of outsourcing your accounting.