Crowdsourcing for Accounting Practices

Going beyond outsourcing and virtual workers.

By Sandi Smith, CPA
Accountant’s Accelerator

The days are long gone when the only way to build your business was by hiring full-time employees. Now there are so many more choices. Many employees are interested in part-time work. Some prefer to work virtually, which frees a company up from being limited to local talent. And then there’s crowdsourcing, a whole new way to tap into talented labor on a project-by-project basis.

Crowdsourcing is a special way to outsource a task. With outsourcing, you know exactly who will be doing the task. With crowdsourcing, you don’t; people just show up and contribute. Wikipedia calls it “distributed problem-solving.”