Let's say you're a small business owner running a landscaping service.

Here's some information about your average week:

• 40 hours spent providing landscaping services

• 5 hours spent on administrative tasks (answering emails, taking calls, and scheduling appointments)

• 3 hours spent on bookkeeping

• 48 hours total worked per week

• $60 hourly rate for landscaping services

Based on this information, we can calculate your hourly wage:

40 x $60 = $2,400 earned on landscaping services per week $2,400 / 48 = $50 average wage per hour

It's important to note that the amount you earn during the week is applied across all 48 hours worked, not just the ones spent providing landscaping services.

This means that your hourly wage may be lower than your hourly rate for landscaping services if you spend a significant amount of time on administrative tasks or bookkeeping.

As a small business owner, it's important to keep track of your time and expenses so that you can accurately calculate your hourly wage and make informed decisions about pricing and profitability.

Consider using a bookkeeping service like Simmplifi Bookkeeping to help you stay organized and on top of your finances. With the right tools and support, you can grow your business and achieve financial success.

Now that we have calculated your hourly wage, we can determine how much you're spending on bookkeeping if you choose to handle it yourself. Let's say you spend 3 hours per week on bookkeeping tasks for your landscaping service, which would be valued at:

$50 x 3 hours = $150 per week spent on bookkeeping

That's $7,800 per year spent on bookkeeping tasks if you continue to handle it yourself.

Compare that to the cost of hiring a professional bookkeeping service like Tifones Bookkeeping Services. With their expert help starting at $200 per month or $2,400 per year, you could potentially save $5,400 per year.

By outsourcing your bookkeeping, you can free up your time to focus on other important aspects of running your landscaping business, while ensuring that your financial records are accurate and up-to-date.

Investing in a bookkeeping service can ultimately save you time and money in the long run, allowing you to focus on growing your business and maximizing your profitability.

Consider hiring a professional bookkeeping team to handle your finances and help you achieve financial success.