It’s not just about the cloud.
By Hitendra Patil
Client Accounting Services: The Definitive Success Guide
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 is 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.
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