Case Study: Dentist Office Saves A Ton of Money!

by bruce on September 2, 2010

CASE STUDY

Dentist Office in Erie County with about 14 employees.

Note: The 2 employees under the “old way” retired.

All figures are real and from the most recent history.

The Old Way

Part-time Bookkeeper (year before retiring)

1,022 hours @ $11.33/hr …….. $11,297.44 gross pay

(averaged 19.65 hours/week doing QuickBooks payroll and bookkeeping)

Full-time Receptionist (year before retiring)

Salary………………………………….$27,949.00

Total outlay…………………………………………………………………$39,246.44

The New Way

Van Cleve Payroll

Payroll Outsourced 52 pays x $45.50…………$2,366.00

Accounting- pays the bills, prepares

checks, reconciles bank statements, books the payroll, month-end and all year-end work needed for CPA to

prepare tax return…………………………………….$3,047.50

(average 1.3 hours/week, 5.64 hours/mo.)

Full-time Receptionist (new)

Enters bills, deposits into QuickBooks in around 1-2 hrs/week.

2,039.03 hours (average 39.21 hrs/wk)……..$21,686.71

Total outlay…………………………………………………………………$27,100.21

Total Savings……………………………………………………………………………….$12,146.23

Notes: Does not include the employer taxes for the employed individuals, does not include money saved on the CPA bill at year-end to clean up the books, does not include savings on QuickBooks tax table, and does not include the forced upgrades of QuickBooks every 3 years.

Previous post:

Next post: