Are you still doing your own payroll accounting?*
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Here is a comparison emphasising the advantages of outsourcing your accounting.
A) A company with 15 staff members prepares its own payroll accounting with a standard payroll accounting programme:
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The monthly costs amount to:
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Payroll accounting programme:
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30,-- €
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pro rata |
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Working hours (approx. 3 hours)
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0,-- €
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However, if you take into consideration that an entire day of your valuable time is lost, the calculation looks somewhat different:
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Plus lost turnover:
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250,-- €
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Total:
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280,-- €
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x 12 months
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3.360,-- €
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total expenses |
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Then our client didn’t have time to deal with the current amendments to payroll accounting laws. This leads to comprehensive adjustment activities in the course of the preparation of the financial statements and calculation of provisions for staff expenses.
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Adjustment activities provisions for salaries and staff expenses:
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300,-- €
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Annual expenses total:
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3.660,-- €
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B) However, if our firm prepares the payroll accounting, this would approximate the following costs:
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Payroll accounting programme
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0,-- €
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Working hours payroll accountant:
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200,-- €
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A payroll expert in our firm settles the accounts for several hundred employees every month, which is only possible due to our experienced specialists as well as our perfect infrastructure.
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Adjustment activities: YES
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0,-- €
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Total:
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200,-- €
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x 12 months
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2.400,-- €
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total expenses |
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Due to standardised checklists and audits, we optimised the transition to the balance sheet preparation and no additional costs arise for any adjustment activities. Provisions for staff expenses are calculated automatically with our professional BMD payroll software. |
In accordance with this example, total savings would amount to € 1.260,--!
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 payroll costs analysis. No additional costs arise for annual analyses and monthly reports to the authorities!
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However, should you wish to do your own payroll 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 payroll accounting. |
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