Instead of a hire

Posted a bookkeeping or finance role? Compare it with this first.

A part-time bookkeeper or finance coordinator is a reasonable hire. Before you make it, it is worth comparing what that hire actually covers with a fixed monthly service, led by a Chartered Professional Accountant, scoped to the same work.

At a glance
By the hourFixed monthly fee
Rehire and retrainProcess stays
Know-how walksWritten checklist
Side by side

The hire, and the alternative.

A part-time hireWith Lunar
Paid by the hour, whether or not the month is busyA fixed monthly fee, quoted on the work
Turnover means rehiring and retrainingThe process is written down and stays
Work reviewed by whoever has timeReviewed and signed off by a CPA
Software, training and supervision are on youIncluded
When the person leaves, the know-how leaves with themA written close checklist anyone can follow
Payroll remittances depend on one person rememberingRemittance discipline built into the monthly cycle
Scope

What it usually covers

The same scope a posting describes: bookkeeping, bank and card reconciliations, payables and receivables, payroll and remittances, HST, month-end, and the schedules your accountant or auditor asks for at year-end. Office administration stays with your team; I take the finance.

Method

How to compare

Take the hours and rate in your posting, add the employer's share of CPP, EI and any benefits, and compare that with a fixed monthly quote for the same scope. A quote follows a thirty-minute call.

A recent engagement

A Hamilton charity moved off legacy desktop software to QuickBooks Online, with opening balances tied account by account to the prior system. Payroll, payables, a café's daily sales and HST were rebuilt into a monthly close with a written checklist, so the work no longer depends on one person.

Ready to compare it with a quote?

A thirty-minute call is enough to see the difference.

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