If you are an accountant who practices individually, you must know the pain of finding efficient bookkeepers. In fact there has been a gradual lack in the availability for good bookkeepers for a couple of years now. This is due to the fact that most youngsters have begun opting for other courses and even accountancy instead of taking up bookkeeping jobs. What this has eventually led to is, existing bookkeepers hiking up their prices. So high that CPA's can't afford to keep them anymore.
In this situation, CPA's cope by only taking up clients whose bookkeeping and accounting is of manageable size. It does not make sense for a CPA to focus his/her time on doing bookkeeping tasks since it does not fetch much money. The good money tasks come only from accounting projects. The sad thing is, they now have to spend their time on bookkeeping when they could have worked on more profitable accounting tasks.
This makes you wonder if nobody has come up with a practical solution here. But luckily they have and these are none other than your BPO guys.
Efficient bookkeepers for cost-effective rates!
This sounds surreal, but this is quite the promise of BPO's that provide accounting bookkeeping services. With this service in place, you can cut your bookkeeping costs by a good 50%. This is because you only have to pay for the bookkeeper's time. The demand for these cost effective accounting bookkeeping services has been growing since the time of its conception and majority of the clients are CPA's just like you.
Indeed, this is the best way to meet both your objectives of quality work and low costs.