Monday, August 12th, 2019

Client Accounting Services (Bookkeeping)

“Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement.” -Nicole Fende

Many firms are enjoying a growing niche. It seems that the niche is new but to me, much of it is a new face on old one (bookkeeping). Yes, CAS involves so much more and can encompass many additional services for clients. It also means that much of the “work” has been automated so that it is not so labor-intensive and little time is required of partners and managers.

Dan Hood of Accounting Today has a good article that you should read if your firm provides bookkeeping services to clients (and most of you do!). The article is titled, The State of Bookkeeping in 2019.  It reports on a survey involving over 700 accountants in the AT audience.

Hood offers charts that tell us:

  • The biggest issues for bookkeepers.
  • The average number of bookkeeping clients.
  • Less time spent at the high end.
  • Less time and more clients.
  • Other services offered.
  • Segmenting the client base.
  • Top industries for bookkeepers.
  • The geographic reach of bookkeeping practices.

Hood’s article is a good one to share within your firm.

  • "Few have heard of Fra Luca Pacioli, the inventor of double-entry bookkeeping; but he has probably had much more influence on human life than has Dante or Michelangelo."
  • Herbert J. Muller

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