Accounting Bookkeeping Services

Bookkeeping: A small business owner’s nightmare

noreply@blogger.com (Anonymous) — Thu, 13 Jun 2013 05:26:00 -0700

If you are a small business owner and you take care of your books of accounts yourself, you are probably living a nightmare out there.

While it is important for business owners to keep track of the finer financial details, there are a lot of other important decisions to be made, tasks to be done that only a business owner can do. There are people waiting for your final word on things, and if you keep them waiting, it could affect your business. So, that is why many business owners take to doing their books of accounts all night. Of course, this leads to more problems, affecting their health, and general well being.

Is there a way out of this nightmare? Well, there are many.

Of course there are solutions to this, but they may not be tailor-made. Hiring a bookkeeper is the first thing that comes to head, but is it cost-effective? Not always.

Especially, for small businesses, a full time bookkeeper would mean a huge expense.

Another option is to use some good bookkeeping software instead of spreadsheets to keep a track of the expenses, but then again, most applications these days are programmed for professional bookkeepers and accountants.

If the business owner is not familiar with the accounting lingo, there is no way he can take care of accounts with some peace of mind. On the one hand, not being familiar with accounts is a problem, and on the other hand, the tough accounting lingo makes it even harder to decipher all the jargon. So, things are only becoming more complicated here.

However, there is another better, easier, cost-effective solution: that is outsourcing.

With outsourcing, you would have hit two birds with one stone. You would have a lot of free time and you would have bookkeeping done at very affordable rates because of the difference in currency across the countries in question. When you find a reliable outsourcing partner for your office bookkeeping services, this could be the best option you could ever ask for.

Sleepy red eyes staring at pages of numbers and statements?

noreply@blogger.com (Anonymous) — Thu, 17 Jan 2013 03:18:00 -0800

There are several businesses that have a tough time managing these bookkeeping tasks. In most cases, the owners take care of the accounts themselves, and end up spending sleepless nights. That is because they have several responsibilities as a business owner – such as meeting with clients, attending to the requirements of the staff along with addressing bookkeeping and tax concerns. This tiring and frustrating experience of dealing with too many things a day not only affects their personal life but also their business. Imagine a sleepyhead staring at a page full of numbers and statements – the chances of screwing up with it big. That means they are more likely to make mistakes than otherwise.

How do you deal with this? There are many people who do the bookkeeping themselves in order to try and save costs. Sure that is a good intention, something that you can understand and expect of a business owner, but he is still paying in the form of risks involved if not in the form of currency.

So, by not appointing a bookkeeper, the owner is saving a few bucks, but instead of money he is paying in terms of his own time and sleep. Nothing is free in this world, as they say. If he makes mistakes with his books, chances are the business might be facing penalty for incomplete or inaccurate books as it will affect tax.

In order to avoid this sorry situation, a business owner can outsource bookkeeping to companies in India online bookkeeping services. It is very cost-effective. The difference in currency helps you save costs. The difference in time is an added advantage as they would finish the work ahead of time. So all you have to do is find a reliable, quality outsourcing firm and you should be good. This results in saved time, efforts and more importantly, peaceful nights when you can sleep well!

Looking for affordable bookkeeping service for your accounting firm?

noreply@blogger.com (Anonymous) — Wed, 12 Dec 2012 03:24:00 -0800

Bookkeeping and accounting, tax related calculations etc can be very time consuming and face it, boring. Also some business owners many also not know accounts well enough to manage their own books. These are reasons why some businesses approach accounting firms.

So, what does an accounting firm do? Take care of the books of every other business – but what of their own! As the firm expands, so does their own accounting needs. They either have to expand their in-house accounts team or reduce the intake of business. Nobody in their right mind would refuse business – it brings an income. Whereas an in-house accounting team does not bring revenue, it only brings in more cost to the company. They might as well find alternatives to take care of their accounts rather than refuse new businesses.

So what could be these alternatives? How can these CPAs conveniently have their accounts managed without expanding their in-house team? They cannot very well look for another accounting firm because then they would be working with competitors. Or the owner of the firm must stay up nights and take care of his business accounts. Well, that is not much of a solution is it?

Here is a less expensive, yet effective alternative – outsourcing. Yes, a remote bookkeeper can solve your troubles. If you need separate bookkeepers for accounting firms who would not demand an arm and a leg, you can check out outsourcing firms in countries such as China and India. The difference in the dollar value and rupee value gives you cost benefits. At the same time, people out there are efficient and trustworthy, so you do not have to worry. Outsourcing firms in the finance industry train their staff in accounts of other countries and the work is outsourced. It is quite a common practice, you can try this for your business, too.

Are you the eleventh hour businessman?

noreply@blogger.com (Anonymous) — Fri, 7 Dec 2012 03:10:00 -0800

A lot of businesses mess up their books of accounts – before the tax season, they struggle to get the right records. They rush to an accountant and pay him the asking price so that the books can be fixed before the tax season. Such instances have always happened to a lot of businesses. Are you one of those eleventh-hour doers?

Several businesses, in an attempt to reduce costs involved in hiring an accountant, they either manage their accounts themselves or get a friend or a family member to record the transactions every day. They don’t even check if they are trained in accounts. In such a case, it does not come as a surprise at all if the books are messed up.

It is always better to have trained people take care of your accounts. It cannot be taken for granted. Your records are crucial when it comes to the tax season. So always make sure that a trained eye watches over your books.

True, it may be expensive to hire an in-house bookkeeper, considering the hiring and training costs, the office space and infrastructure, installation of software etc. It may also be expensive to approach an accounting firm. If you do not have that kind of a budget, you can take a look at the remote bookkeeper option. He is someone who would work for you either from home or another country like India. Yes, it’s about outsourcing your work. It provides great cost benefits if you choose the right company.

The major advantages with a remote bookkeeper from a country like India are the cost benefits and the time difference. The costs are less. And they are ahead of the US by about 10 -12 hours. So the work would be complete by the time the business owner in the US begins his day. So consider using this option – it would save you a lot of time, money and efforts. And you would be far from being called a eleventh hour doer – may be now someone who does things before 11 hours!

When accounting firms need help with their accounts books!

noreply@blogger.com (Anonymous) — Thu, 22 Nov 2012 02:55:00 -0800

Who does the accounts for an accounting firm?

From the outside, this question might seem a little paradoxical.
Something like what would the doctor do if he gets ill?
Where does the tailor stitch his clothes?

It’s a little bit silly but when you think about it, it’s actually hard for an accounting firm to manage its own accounts. The accountants are so held up with their clients’ books that they hardly have the time to manage their own accounts. Yes, they would have an accountant to handle their company’s finances but as the firm expands, it gets tougher to hire more people as it is more expensive.

In that case, they are facing a dilemma. Should they hire more accountants? Well, they can if it is affordable.

What about finding another accounts firm to do this? Well, that would just not make sense as they would simply be paying competitors. Not to mention the costs involved, besides the reputation.

So, is there another option? A less damaging one and less expensive?

Well, with the outsourcing options, you do have alternatives that hurt less!

When you outsource your accounting to outsourcing firms, you get exclusive teams to work on your books at easily affordable rates. Your problem is solved.

They are not your competitors. They charge lesser than your local accountants would. You also save on overhead costs. You get professional service. And you would be saving a lot of time besides money.

So you have nothing to lose. There are several firms that provide bookkeepers for accounting firms such as yours. All you have to do is find the right firm. Check their data security measures – such as 128 –bit encryption, privacy policies with employees, 24/7 surveillance etc. Once you get the right firm, it would work in your favor.

Do you run into bookkeeping troubles often?

noreply@blogger.com (Anonymous) — Fri, 9 Nov 2012 03:35:00 -0800

Small business bookkeeping can be tiring for owners if they are managing it themselves. They spend endless nights on bookkeeping and accounting. They also do not find enough time to focus on other core business activities.

If you are one of them, you have come to the right place. There are several options that are open to small businesses and freelancers that could solve their troubles. Some of them are hiring an in-house bookkeeper, or using some simpler accounting software. But these options mostly do not solve the problem entirely– it depends largely on the unique factors of the small business.

As in, if the owner does not mind spending a fortune, the in-house bookkeeper option may work. Because that’s what it usually costs – a fortune. There would be a lot of overhead costs such as hiring and training accountants, installation of the software and so on. It’s often not possible for a small business owner to meet all these costs.

On the other hand, if you are opting for some better software, that also depends on the knowledge you possess on accounting software. If you hate working with spreadsheets, rows and columns, and you do not understand complex accounting language, you will hate accounting software too.

Therefore, what is a way out? One option you can resort to, is outsourcing. This is inexpensive, easy and at the same time saves your time and efforts. Outsourcing is the trend these days. Small and medium businesses outsource their books to companies in places like India and China where there is a win-win situation. These
companies provide professional bookkeeping services for small business from their country. It is more or less like having your own bookkeeping team but one that operates from a different country. Once you choose the right firm, the benefits are enormous. So check out bookkeeping outsourcing and manage your business with a peace of mind.

Are you an accountant looking for efficient bookkeepers at cost effective rates?

noreply@blogger.com (Anonymous) — Wed, 31 Oct 2012 04:51:00 -0700

Of late finding a bookkeeper has become really difficult. This is because there aren’t many people entering the bookkeeping line. The young crowd is seen pursuing other professions like Literature, Arts and even Accounting; none seem to be interested in the bookkeeping line. It is understandable since there is more money in accounting and these other professions. But this thing has led to a real ‘bookkeeper scarcity’.

While the big accounting firms are able to cope with it; it has taken its toll on accountants practicing individually. The problem of bookkeeper scarcity has led to a situation where existing bookkeepers have begun charging high prices which accountants are finding hard to afford. They also have to pay high prices for trainees and rookie bookkeepers.

Now you may ask if the work is worth the price

Well sadly, no. Trainees and rookie bookkeepers are prone to making mistakes; moreover they also seem to need constant guidance. This eats up a lot of hours. Eventually accountants send away the bookkeepers and do the bookkeeping themselves. They only take in clients whose bookkeeping and accounting is of manageable size. Sad isn’t it?

Very much indeed; accountants are meant do accounting not bookkeeping. Accounting is the task that their qualification demands that they do. Imagine a doctor who is resigned to doing the work of a nurse instead of consulting; such is the plight of the accountant today.

But just when you are beginning to sympathize thinking there is no other way; there is a solution.

It lies in outsourcing. The great BPO world which made call centers and customer support affordable has now begun providing accounting bookkeeping services. The same benefits of low cost and having to pay only for the executive’s time are applicable here as well. With this service in place accountants don’t have to hunt for people to do CPA bookkeeping for affordable rates. It is right here!

When Accounting Firms Need help With Accounts…

noreply@blogger.com (Anonymous) — Mon, 15 Oct 2012 03:15:00 -0700

As I am into the accounting and bookkeeping industry I participate in a lot of accounts related forums and discussions. One of the topics was related to the most pressing issues faced by accountants and accountancy firms. Turns out that most of them stop taking new business projects only because they do not have the time and resources to manage their own accounting.

Now it is kind of odd to hear that accountancy firms do not have enough resources to manage their accounts but the truth is they also run a business. They are also subject to difficulties such as lack of time and other resources. So like other businesses they can get help, too, when it comes to bookkeeping and accounting.

It does not make sense to get another bookkeeping firm to manage their tasks, basically their competitor. Also, it’s going to cost them a fortune. Alternatively they can approach outsourcing firms outside the country that provide accounting bookkeeping services. That’s called off-shoring. The main advantage of doing this is the reduction in cost and the time saved.

The overhead costs are reduced and bookkeeping is done by professionals. The deal is great – you get great service at affordable costs. So, what’s the catch? There is nothing, the fact they are operating from a different country and the difference in currency value contributes to the low prices. Apart from that, there is just one thing you need to be careful about – data security. Ensure that they have measures such as 128-bit encryption, privacy policies, 24/7 surveillance and so on. But once you are sure that they are a reliable company, you can relax and take care of your client’s accounts while this outsourcing company would take care of yours.

Incidentally if you are one of those bookkeeping firms looking for a reliable outsourcing partner, you are at the right place. Check out Integra Bookkeepers, who are located at India. They are professional bookkeepers for accounting firms.

Are you investing too much time and money on bookkeeping?

noreply@blogger.com (Anonymous) — Mon, 8 Oct 2012 22:21:00 -0700

If you run a small business, you are very likely to be doing your bookkeeping yourself. Although this looks like a fairly manageable task in the beginning, it can become a burden as your business grows. Think about it, a business owner already takes on a a lot of work , and to have to keep the books up to date by the end of the day can become a horribly tedious task. So would hiring a bookkeeper solve the problem?

It would, but at a cost

Business owners at a desperate state, go on to hire a bookkeeper even if the rates are unreasonable. It only takes a few months for them to realize that its begun to burn a whole in their pockets.

So this makes you wonder if there is a painless and cost effective way to get bookkeeping done.

Well there is in fact a perfect solution!

This not surprisingly, lies in outsourcing. BPO's which became popular through call center and customer support services have now begun to launch bookkeeping services as well. With this, it is now possible to get professional bookkeeping services at affordable prices. But what about data security?

This is the primary concern of anyone considering this service, but they are comforted when they hear of some of the measures adopted by BPOs to ease this concern. The offices are monitored throughout, 24/7. Internet access is highly restricted. Moreover special, highly secure data transfer portals are set up to ensure
safe data transfer.

With this in place, small business owners can safely get professional bookkeeping services done at economical rates. No need to do it themselves or hire a bookkeeper!

Need Assistance With Managing Your Accounts?

noreply@blogger.com (Anonymous) — Mon, 24 Sep 2012 21:17:00 -0700

How are you managing your accounts?

Are you managing it yourself or have you hired a bookkeeper to manage it on your behalf? Though it might save you some costs, there are several disadvantages to managing your bookkeeping yourself. Following are some of them.

- You do not have the time for other activities such as meeting the clients
- You spend endless sleepless nights doing your accounts, so you are overworked
- The account books are not accurate

If you are looking for an alternative solution to solve this problem, you can look for an accountancy firm that will help you with tax records, bookkeeping, accounts, payroll and so on. It will help if it is also a local accountancy firm. It is better to select a firm that is close to your locality as it will ensure better reliability.

Talking about local firms, here is one firm that might help your business if your business is based in England. They are called Tally Accountants and they are into helping small and medium businesses manage their accounts.

These guys pride themselves on the fact that they are easy to reach - meaning they are easily accessible to their clients. Their USP is that they are easily accessible, regardless of the size of the client's business. They also promise not to have gatekeepers in the way. Clients would be put through to their accountant - no gatekeepers in the way delaying their meeting/conversation.

Now this is actually a good thing if it is true. Because, a lot of small business owners have complained that large accounting firms often have gatekeepers and this takes an unbelievably long time to reach their accountants. Sometimes these firms may not make themselves accessible to clients from whom they receive only a small profit. They tend to have bigger companies on their priority list. This could be annoying and in a way, also insulting. So, a huge plus with our London Accountants is that they treat all their clients equally regardless of the size of their business and make themselves accessible to them easily.

So check out firms like Tally Accountants near your own place and seek their assistance with managing accounts. It would certainly help your business in terms of accuracy and time saved.

Would you like an invoicing software that was specially made for your customers?

noreply@blogger.com (Anonymous) — Fri, 21 Sep 2012 20:28:00 -0700

If yours is a business that uses invoicing, you must have dealt with the trouble of having to call up customers and asking them to pay up. Ideally an invoicing software should have the customers paying up without you having to remind them. But this seems to exist only as an ideal. Have you wondered why this happens,and also whether this has anything to do with the way the invoices are presented? Well apparently it does.

Apart from the mere unpleasant thought of having to pay, there are other factors that go into why people consciously/subconsciously delay payments.

If you use a standard online invoicing software, there is a chance that invoice could have gotten lost in the emails that people receive everyday. This is because invoices are worded impersonally in a machine generated style, so much that people ignore it.

Another reason is the unappealing look of the document. Surprisingly, even the most brand conscious of companies, the fashion brands, have terribly boring invoices. There is no reason that this should be the way it is. Customers are not in any way interested to look at the document let alone react to it.

What can be done about this?
A few companies have gone to the extent of paying a lot to have their invoices customized. Although this is affordable by medium businesses, it is not so easy for small businesses.

But luckily for them, there is one such free online invoicing software that offers this and a whole lot more. It is called Handdy Invoices. It is a forever free software that allows you to use all of its great features for free and forever. The features include customizing options which allows you to add logos and also alter the email and invoice content to suit your company. It is also Cloud based and will have no worries regarding data security.

Now you can have an online invoicing software that shoots out custom invoices for free!

Are You a Property Manager Who Needs Help With Accounts?

noreply@blogger.com (Anonymous) — Thu, 20 Sep 2012 02:45:00 -0700

If you are in the business of property management, you must know what it is like to be overworked and constantly on the move. People in lighter professions often cannot relate to the demands of this kind of job. A property manager has to look after so many things. Some of the daily activities include posting ads for vacant properties, attending to maintenance calls, assigning jobs to vendors , meeting prospects and also, accounts. You might think that accounts should be a job for an accountant, but here property managers take care of that as well.

Sounds like a lot?
Indeed it is! Accounts require concentration and it cannot afford to be multitasked unlike the other tasks. Therefore property managers have no choice but to make time for it, and it does eat a lot of time. Hiring accountants for the job is out of the question as it is costly, and impractical on an everyday scale. So this makes you wonder if there is a practical, cost effective solution to this problem.

Well thanks to outsourcing there is!

Some BPOs have begun to provide exclusive services for property management, and the most popular one is Property Management Accounting. The accountants are familiar with software such as Yardi, Rent Manager which are exclusive to property management. Great isn't it?

The greatest advantage of taking up Property Management Accounting with a BPO is the cost savings you get. The work is done efficiently and companies only have to pay for the executive's time. With this in place, property managers can afford to shift the entire burden of accounts to these guys!

Are You Looking For an Accountant Who Treats Your Business as Priority?

noreply@blogger.com (Anonymous) — Mon, 27 Aug 2012 02:02:00 -0700

A small business owner hates anything to do with accounts. It is simply not their cup of tea for so many reasons. More than the confusing numbers, rows and columns, it is the accountants they don't like working with. It is always looked on as "painful" or "unpleasant" experience that they simply must endure.

Here is why

Accountants from big accounting firms tend to prioritize clients based on the size of the business. Although this is great for big and medium business, it is like a curse to small business owners. This reflects a lot in the way they are treated. The biggest complaint is that the accountant is perpetually busy. They are unreachable through phone or mails and above all, impossible to arrange a meeting with. In short, small business accounts is shelved until the last few days, and the business owners have to suffer sleepless nights.

Unfair right?

Indeed it is! All said and done, it is the small business owners who care more for their accounts than the biggies, and it is they who are made to wait. But just as you thought there was no riddance from this curse; there is.

It lies in the concept of Small Business Accounting. This is regular accounting but with small businesses as priority. A Small Business Accountant is always at reach with the absence of gate keepers such that you can reach them directly through phone or mail. They are also "meeting friendly" and are prepared to meet you at your work place or residence to get your accounts sorted.

There is no doubt that is a blessing to small business owners, or in other words a magic spell that relieves them from the 'accountant curse'.

The Reason Why Small Business Owners Dislike Large Accounting Firms

noreply@blogger.com (Anonymous) — Mon, 20 Aug 2012 01:57:00 -0700

Owners of small businesses and start ups find the accounting aspect of their business a real pain. It is in fact the one place where they feel insecure and out of depth, being at the mercy of their accountants. Such business owners usually have their accounts with large accounting firms. Now, the thing is, such firms mark their priorities based on the size of client, and this is bad news for small business owners.

They often find that their calls are ignored and situations where the accountants are "forever busy" is common. Although such firms advertise their availability and services for every customer, the contrary happens in reality. Business owners often have to storm in to the accountant's office and demand to see them. Unpleasant isn't it?

It indeed is! Yet businessmen endure it under the assumption that nothing can be done about it. But much to their surprise, there is an alternative. It lies in the concept of Small Business Accounting. This is nothing but the regular accounting services made exclusive to small businesses. Small business owners are hence treated with respect and given equal priority just as any other client. A Small Business Accountant also sees to it that he/she is made available to the client no matter what. They see to it that, justice is done to their principle of being "easy to reach".

Such firms provide all the regular services like bookkeeping, VAT returns, Tax returns, CIS returns, Payroll processing and Year end accounts. Small business owners no longer have to bear with the biased attitude of the bigger accounting firms when they opt for the services of a small business accountant.

Virtual Bookkeeping Comes To Your Rescue!

noreply@blogger.com (Anonymous) — Fri, 17 Aug 2012 21:13:00 -0700

Are you a business owner that is tired of overlooking bookkeeping activities?
Are you looking for cost-effective ways to ensure that your bookkeeping tasks are completed on time?

Well, then virtual bookkeeping comes to your rescue. When you use these services, you are at a win-win situation. Not only are you able to shift your burden but you do so at affordable rates. Read on to find out more about how you can avail these services.

How does a virtual bookkeeper work?
A virtual bookkeeper works mostly from home or from outsourcing companies across the world. They connect to your PC from secure servers, access your documents and update records. There is also one more method by which you can send them your documents. They will perform the bookkeeping tasks and send the completed records back to you. These are some methods by which a virtual bookkeeper operates.

Some tasks performed by virtual bookkeepers
Depending on their expertise, several companies offer a different range of services. If you take a specific company such as Integra Virtual Bookkeepers, they have years of experience handling bookkeeping. Following are some tasks performed by them:

Bank reconciliation
Invoicing
Accounts payable
Accounts receivable
Bookkeeping write-ups
Payroll tasks
Daily, weekly or monthly record updates

Therefore if you need assistance, you can get in touch with professionals such as those at Integra. Their rates are also affordable - beginning at $8.45 per hour. There are two pricing options to choose from - hourly plan or a pay-as-you-go plan. Check out their services and choose wisely.

Scared?
There is nothing to fear when you hire a virtual bookkeeper from companies like Integra. They are certified and registered when it comes to data security measures. You can request the details of a company's security measures and go ahead only when you are convinced. So, you can confidently rely on virtual bookkeeping services to save you when you have bookkeeping troubles!

Do You Want Bookkeeping Assistance At a Fair Price?

noreply@blogger.com (Anonymous) — Thu, 16 Aug 2012 01:19:00 -0700

If you run a small business or a start up company, you are most likely doing your bookkeeping yourself. If you don't find it a burden, good for you. But the truth is, there are so many business owners struggling with it. Although it seems like an easy task to keep track of invoices and bills, it can become a burden if allowed to accumulate. For a business owner who works a good 18 hrs a day, it indeed is a burden.

So why not hire bookkeepers?

There are many reasons why business owners don't hire bookkeepers. One of them is affordability. At a starting off phase many business owners have other expenses to cover which automatically takes priority over bookkeeping. The other reason is the scale of operation. The size of the business is not at a point where they would require a bookkeeper full time. This stage is pretty much a catch 22 where they can't take care of it themselves nor pay for having it done in- house.

Well luckily, there is a solution to the catch 22

The ideal solution for business owners who require only a helping hand with their bookkeeping is an online bookkeeper. Yes! BPO's have made this possible now. An online bookkeeper functions as the regular one but from a different office. When you opt for this service, you can save up greatly on costs and overheads of having one in-house. Moreover, you can choose the number of hours you want them to work for you and pay in accordance. In short, you have them at your disposal with complete control over how they work. It really can't get better than this can it?

This is perhaps the welcome break for many small business owners have been waiting for.

Small Business Owners, Wish you didn't have to do all the Bookkeeping yourself?

noreply@blogger.com (Anonymous) — Wed, 8 Aug 2012 04:48:00 -0700

Bookkeeping is that task most business owners despise. This is because it is not half as cool as the other business activities like meeting clients and brain storming. Indeed, bookkeeping is mundane and boring, also irritating for those unfamiliar with it. Sadly most business owners fall into this category.

Now the "curse" of small business owners is that they don't have the luxury of a bookkeeper simply because they cannot afford to keep one full time. Quality bookkeeping is expensive as it takes years to become efficient at it, hence it comes with a heavy price. All small business owners hope for, is a 'helping hand' with the bookkeeping for which such an amount is not worth paying for.

Wondering when the perfect solution to this will be available?
Well it is already available! and fast catching up. The solution lies in good old outsourcing. Yes! You heard right. BPO companies have now begun to provide "virtual bookkeeping services" at outsourcing rates. This means small business owners can have quality bookkeeping done at affordable rates!

Security concerns?

Of course, there is apprehension with outsourcing of books and BPO's understand that. They take special measures to see that such concerns are comforted. Things like CCTV surveillance of all employees, restricted internet access and "No working for competitors" policy have greatly helped ease concerns.

More and more small businesses have begun to opt for a virtual bookkeeper to do their bookkeeping. With this in place, they are able to shift the burden of a mundane but crucial task to a qualified bookkeeper.

The Perfect Remedy for the Bookkeeper Scarcity

noreply@blogger.com (Anonymous) — Sun, 29 Jul 2012 21:52:00 -0700

Have you heard of accountants turning down well paying new businesses for lack of bookkeepers? Well yes they do! As much as it sounds like some 'believe it or not fact' it is true. Here is how things usually work.

CPAs(Certified Public Accountant) hire bookkeepers to take care of basic income/expense entries, bank reconciliations and such tasks while 'they' focus on accounts. Accounts pays more than bookkeeping and hence they like to focus their time on that. But over the past few years there has been a shortage of competent bookkeepers.This has to do with the fact that very few people enter this line of work. As a result the current bookkeepers especially the experienced ones have begun charging high rates for their time. Although big accounting firms don't find this too much of a hassle, it has greatly affected CPA's.

Quality bookkeeping has pretty much become unaffordable for them. So end of the day they only take clients whose bookkeeping and accounting they can handle. They have no choice but to say no the other businesses that come their way. This makes you wonder if this is how things are always going to be.

Well it doesn't have to be!

Luckily, BPO's have been observing this and have devised a perfect solution. They have begun providing bookkeepers for accounting firms at outsourcing rates. Yes! This means they can have quality bookkeeping and at half the price. CPA Bookkeeping is a service in itself. With this in place the bookkeeper scarcity can be completely eliminated.