Did you know that 79% of accounting firms consider bookkeeping to be their number one service? You may be wondering why that is.
Bookkeeping services are popular and easy for accounting firms to undertake. Adding a bookkeeping service to your accounting practice may be what you need to take your firm from good to great.
To learn more about how bookkeeping services can grow your accounting practice, keep reading. You'll find that bookkeeping may have been the service that your customers were looking for all along.
How Is Bookkeeping Different From Accounting?
Bookkeepers record financial transactions, while accountants review and analyze financial data. Both jobs are similar and do feed into one another.
An accountant is able to do bookkeeping. However, bookkeepers may need an accountant to double-check their work and ensure accuracy.
Your firm of accountants will be able to undertake bookkeeping because they're simply recording what they're used to analyzing. The transition won't be hectic at all, especially if you undertake a bookkeeping franchise.
How Is Bookkeeping Advantageous?
Adding a bookkeeping service will help your accounting practice grow.
Firstly, it's important to note that expanding your services automatically gives the potential for more growth. As long as you're able to sustain the service and perform the service well, your company is bound to increase its revenue and popularity by offering the additional bookkeeping service.
If you feel that you aren't able to sustain the service, you can always hire new bookkeepers to assist with your new service. The expense will be worth the new revenue.
Is Bookkeeping Sustainable?
One of the biggest problems that accounting practices face is that they have on and off-seasons. On the off-seasons, accounting firms have a very manageable amount of work, but the on-seasons leave accountants working 16-hour days.
You can help replenish your off-seasons with a bookkeeping service. Bookkeeping is done by companies throughout the year rather than solely during quarters and end-of-year evaluations.
At the same time, you don't have to worry about the bookkeeping service being too much to handle during the busy season. By hiring bookkeepers to maintain the franchise, you'll be able to juggle everything with ease.
Adding a franchise will only grow your firm. The risk is limited and you're bound to find more business by extending an additional service.
Bookkeeping is a sustainable service. Your accounting firm will be able to handle the extra service, whether that requires enlisting the help of bookkeepers or not. Either way, you're bound to see growth in your accounting firm from clients and revenue.
What's the Easiest Way to Add a Bookkeeping Service?
If you're looking for an easier, faster way to include bookkeeping services with your accounting firm, look no further than Booxkeeping. We can help you start a bookkeeping franchise at your accounting firm.
What's the best part? With our service, you don't have to start from scratch. You can own your own BooxKeeping franchise.
Add bookkeeping to your accounting practice's list of services and start making more revenue today.