The Smart Cost Efficiency Move That's Saving Swiss Directors 50% on Bookkeeping Fees
Over the past year, Claire Houston and I have spoken with many founders, directors, and managing partners. One message came through loud and clear: cost efficiency is now a priority.
With this renewed focus on reducing expenses, even well-established processes are being reviewed for potential improvements. One, in particular, stands out.
Traditionally, Swiss companies have relied on Treuhand firms for everything from bookkeeping and invoicing to VAT and expense management. While these firms provide valuable expertise, they also come with high costs. Some of the less technical financial tasks can be completed just as effectively for a fraction of the price.
The Challenge
Most companies continue to trust their Treuhand for complex financial tasks such as year-end closing and compliance. This approach makes sense, and we would never suggest otherwise. In fact, we follow the same practice.
However, paying a Treuhand CHF 120 per hour for routine tasks like booking, invoicing, VAT management, expense tracking, and payroll is an unnecessary expense. The process can also be slow, as firms tend to operate within rigid structures that limit flexibility.
The Shift
The question is, can companies maintain quality while lowering costs? The answer is yes.
Over the past year, more companies have turned to experienced freelance bookkeepers with expertise in Swiss accounting and local software like Bexio AG. These professionals charge between CHF 50 and CHF 70 per hour, significantly reducing costs without compromising accuracy.
The Result
This shift is not just about saving money, although cutting costs by 50% is a major benefit. More importantly, it improves efficiency.
Treuhand firms often work within rigid structures, which can lead to slower turnaround times and a lack of transparency in how hours are billed. Freelance bookkeepers, on the other hand, offer flexibility. They adapt to a company’s schedule, align with its internal processes, and provide greater visibility into their work.
As businesses reevaluate their expenses, financial administration is a logical place to start. Keeping high-value work with the Treuhand makes sense. However, paying premium rates for routine financial tasks no longer does.
Curious How This Could Work for You?
Over the past five years, we have helped multiple Swiss companies connect with top-tier freelance bookkeepers. Our network includes financial professionals who understand Swiss regulations, work seamlessly with Bexio and other accounting tools, and provide expert financial support at a fraction of the cost.
If you are looking for ways to optimize your bookkeeping expenses, let’s talk. A short conversation could reveal significant opportunities to improve efficiency while maintaining quality.
If you want to stretch your staffing budget without dropping any balls, reach out, and we’ll help you fill gaps in your staffing.
What we wanted to tell you is that the grass is not greener on the other side, it’s just different grass and your own experience will depend on what you value in life. For us?
We wouldn’t have it any other way.