We’ve seen many small business owners who operate like this: handle everything themselves > grow their business a little > hire a payroll service > grow some more > hire an accounting service. That’s when they come to us!
Since they began with a payroll service, they feel loyal to it – even if their accounting service also provides payroll. This isn’t necessarily wrong, but it’s missing out on some advantages.
At CSI Accounting & Payroll, we’ve worked with small business finances for nearly 60 years. That means we’ve talked to thousands of small business owners about the benefits of adding payroll to your accounting service.
5 Advantages of Bundling Accounting & Payroll
You should want your accounting service to handle your payroll. Some accounting firms believe in the benefits so much that they won’t accept new clients unless they bundle payroll.
Here are the top 5 reasons why you should bundle accounting and payroll with one provider:
- Shared information.
- Shared advice.
- Longer relationships.
- Audit support.
- Discounts for bundling.
1.) Shared Information
Payroll is a big part of your accounting. Your accountant needs your payroll information every month to prepare your financial statements.
If you use two different providers, you are ultimately responsible for controlling the flow of information between them. However, if your accountant and payroll specialist work just one room apart, they can communicate quickly and easily.
2.) Shared Advice
Communication goes beyond just sharing data; it also means sharing advice to benefit your business. Your accountant can advise you and your payroll specialist on things like:
- Improving the accuracy of withholdings.
- Adjusting owner wages to minimize tax liabilities.
- How much you should be spending on payroll.
3.) Longer Relationships
Payroll providers often have poor staffing and high turnover, leaving many small business owners unsure of who they should contact if they have a question.
Small-scale accounting services like CSI Accounting & Payroll have significantly better staffing consistency than payroll providers. Our clients can typically expect to have the same dedicated payroll specialist for years!
Better yet? They can contact them directly instead of waiting in a phone queue or being redirected.
4.) Audit Support
For most businesses, payroll is the largest expense. If you’re hiring an accounting service to handle the rest of your finances, why wouldn’t you want them to handle the biggest number on your Profit & Loss Statement?
Not only that, but the amount spent on payroll is one of the most frequently audited numbers. If you have a separate payroll provider, your accounting firm can’t vouch that the number is correct.
However, if you bundle accounting and payroll with CSI Accounting & Payroll, we’re able to support your payroll data in the case of an audit – at no additional cost to you.
5.) Discounts for Bundling
Finally, due to the reasons above that streamline our processes, CSI Accounting & Payroll passes the savings on to you!
We offer our clients a discount for bundling our services – and it’s a pretty good one, if we do say so ourselves.
Bundle for Peace of Mind, Expertise, & Discounts!
Now that you know five reasons to bundle accounting and payroll, are you ready to check out these bundled services?
If so, please consider CSI Accounting & Payroll! To see if we can be a good fit for your business, click the button below for a free consultation:
Not ready to talk? That’s okay! First, learn more about the pricing of our accounting, payroll, and tax services.
