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Accounting Services Industry Trends: Virtual Accounting, Personalized Service

Author : Bill Gerber
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Topics: improving sales

The Progressive Accountant blog has identified several trends in the accounting services industry. Some of these trends include:

  • The growth of virtual accounting
  • An increase in work-at-home bookkeepers
  • Hosted bookkeeping software (SaaS)
  • Cutbacks in top accounting firms
  • Upsurge in new accounting firms

Let’s look at how these accounting services industry trends affect SMBs looking for accounting outsourcing companies to hire.

Growth in Work-at-Home “Virtual Accountants” 
Overall, this is a positive trend when it comes to accounting outsourcing companies. Work-at-home bookkeepers can provide a greater level of confidentiality and security than bookkeepers who work in call centers.

Hosted Software
Hosted (SaaS) bookkeeping software reduces IT costs, the need for expensive computer upgrades, or the need for businesses to handle daily back-ups or worry about security in regard to their bookkeeping software.

Cutbacks in Top Accounting Firms
The bigger accounting firms may be reducing staff to cut costs, which means that small-to-mid-size business owners may not receive the level of service they need as these companies focus on larger clients. Business owners with revenue in the $500,000 to $50 million range (not small potatoes, at all!) may seek an accounting service of a similar size—a company that understands their unique needs and challenges.

Upsurge in New Accounting Firms
New accounting firms, virtual and brick-and-mortar, will make the industry more competitive and give business owners greater choice. This means business owners will need to take great care in selecting accounting outsourcing services, to avoid selecting a fly-by-night company or an independent contractor.

AccountingDepartment.com has an established reputation in the field and the infrastructure to support new clients. We are constantly in the process of hiring the best bookkeepers in the business to serve our customers. Our website has changed to become an even greater resource for business owners, and our company has grown. But we remain committed to providing the best in virtual bookkeeping solutions for rapidly growing businesses.

 
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