By Hitendra Patil
Accountaneur: The Entrepreneurial Accountant
In the desktop days, write-up, bookkeeping and accounting processes were perceived more as data entry work. The price clients were willing to pay for data entry put so much pressure on fees that many firms found it was not worth the hassle.
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Other services such as tax preparation, financial statements preparation, etc. brought in higher per-hour dollars than write-up, bookkeeping and accounting work could. Such work got more and more “outsourced” by accounting firms to bookkeeping firms, freelancer bookkeepers and “processing” firms operated by non-CPAs/non-accountants.