17 Best Bookkeeping Outsourcing Services (Small Business)

Running a business is amazing but keeping track of all the money coming in and going out can be complex. It takes up a ton of time, and for most of us, it’s not exactly the most exciting part of being our own boss. But bookkeeping outsourcing services can take the weight off your shoulders and give you back your precious time.

Now the real question is how to choose the right service for your business with so many options available. This article will help. We will give you 17 bookkeeping outsourcing services for small businesses and break down what they offer so you can find the one that fits your budget, industry, and tech preferences. 

17 Most-Trusted Bookkeeping Outsourcing Services

Here’s a quick comparison of the top 5 bookkeeping outsourcing services.

	Cost	Specialization	Security & Confidentiality
Genius	One-time fee, 25% of first-year salary	Staffing solutions for finance & accounting	Strong data protection policies and confidentiality agreements
Bench	Essential Plan ($249/mo), Premium Plan ($399/mo), Catch Up Bookkeeping starts at $199/mo	Bookkeeping, tax filing, financial reporting	Bank-grade security with encryption and secure data centers
Flatworld Solutions	Custom plans	Finance & accounting, accounts receivable, claims processing	ISO 27001:2013 certified, strong data privacy and security measures
Ignite Spot	Plans start at $417/mo	Online accounting, virtual bookkeeping, outsourced CFO/controller	US-based team with secure, confidential  financial data handling
Acuity	Bookkeeping  ($479/mo), Bookkeeping Plus ($1,029/mo), Bookkeeping Plus + Controller  ($2,179/mo)	Accounting, finance, CFO, tax, online bookkeeping service	Secure, best-of-breed technology, dedicated and certified team

1. Genius

Genius is your go-to for hiring full-time or freelance bookkeepers, especially if you’re a small business. Our strict vetting process ensures you get the top 1% talent who can seamlessly integrate into your team and adapt to your bookkeeping needs. 

You’ll save up to 80% on costs when hiring through us. With our efficient recruitment and onboarding procedures, your bookkeeper will be ready within 1-2 weeks. Plus, we offer a 6-month talent guarantee and free interviews to make sure you find the perfect fit.

Specific Services Offered:

• Accountant Outsourcing
• Bookkeeper Outsourcing
• Financial Analyst Outsourcing
• Investment Analyst Outsourcing
• Payroll Specialist Outsourcing

Pricing: One-time 25% fee based on the bookkeeper’s first-year salary

2. Bench

Bench provides dedicated experts and easy-to-use financial software to help small business owners save time and money on basic bookkeeping services. To date, they have served over 25,000 American small business owners and completed over 1 million months of books. 

Bench’s team reviews transactions and prepares monthly financial statements, with one-on-one expert support accessible via desktop or mobile. Their platform provides powerful financial reporting and real-time insights to help you make the right decisions and stay in control of your business finances.

Specific Services Offered:

• Monthly Bookkeeping
• Tax Advisory & Filing
• Catch Up Bookkeeping

Pricing: 

• Essential Plan: $249/mo
• Premium Plan: $399/mo
• Catch Up Bookkeeping starts at $199/mo

3. Flatworld Solutions

Flatworld Solutions helps businesses streamline financial operations with comprehensive bill generation services, delivery, and claims follow-up, reducing operational costs. You’ll automate repetitive tasks and get support from accountants, bookkeepers, CPAs, and financial analysts who manage your transactions and offer financial advice. Their digital technologies, proven processes, and industry expertise create a culture focused on supporting business growth.

Specific Services Offered:

• Accounting 
• Bookkeeping
• Tax Management & Tax Preparation Outsourcing
• CPA Services
• CFO Services

Pricing: Custom plans. Fill out this form to get a quote.

4. Ignite Spot

Ignite Spot bridges the gap between busy CEOs and accounting departments with their accurate and timely financial picture. With a US-based team handling up to 80% of accounting tasks, Ignite Spot saves businesses over 230 hours per year, making their online bookkeeping services ideal for professional companies with $1M-$50M in revenue.

Specific Services Offered:

• Bookkeeping & Accounting Services
• CFO Services
• Controller Services

Pricing: Plans start at $417/mo

5. Acuity

Having served over 2,000 entrepreneurs, Acuity offers comprehensive accounting, finance, CFO, tax, and bookkeeping. They provide a dedicated accounting team, starting with an online bookkeeping service and extending to accrual accounting, tax compliance, and strategic CFO advice. 

You can use their financial playbook which has been developed over 20 years. You can also benefit from Acuity’s expertise in recommending and implementing the best accounting technologies to get the most out of them.

Specific Services Offered:

• Books Cleanup
• Bookkeeping
• Tax
• Controller
• CFO

Pricing: 

• Bookkeeping: $479/mo
• Bookkeeping Plus: $1,029/mo
• Bookkeeping Plus + Controller: $2,179/mo

6. Pilot

Pilot is an accounting firm with a team of over 250 US-based accountants, fractional CFOs, and tax specialists to strengthen your business’s financial foundation. They have worked with thousands of startups, from small teams to hundred-person companies, offering deep integrations with your existing tools and a seamless platform for financial management. 

Specific Services Offered:

• Bookkeeping
• Tax
• CFO
• R&D Tax Credit

Pricing: 

Bookkeeping

• Starter: $499/mo
• Core: $699/mo
• Plus: Custom Pricing

CFO 

• Basic: $1,875/mo
• Essential: $3,375/mo
• Custom: $5,625/mo

7. QuickBooks Live Bookkeeping

QuickBooks Live Bookkeeping connects you with trusted, US-based bookkeeping experts who manage your books monthly so you can focus on your business. Their QuickBooks-certified bookkeepers have over 10 years of experience on average, ensuring accurate financial reporting. 

Specific Services Offered:

• Bookkeeping
• QuickBooks Setup and Optimization
• Financial Reporting
• Payroll Assistance

Pricing: 

• Simple Start Plan: $9/mo
• Essentials Plan: $18/mo
• Plus Plan: $27/mo
• Advanced Plan: $60/mo 

8. Remote Books Online

Remote Books Online offers a perfect bookkeeping solution for a small business owner, combining top-notch cloud accounting software, an efficient process flow, and a certified bookkeeping team. Their bookkeepers are certified QuickBooks ProAdvisor and Xero-Certified Advisors who can handle your books accurately and efficiently. 

Specific Services Offered:

• Bookkeeping
• Bank Reconciliation
• Accounts Payable Management
• Accounts Receivable Management
• Financial Reporting

Pricing: 

• Beginner Plan: $95/mo
• Intermediate Plan: $150/mo
• Enterprise Plan: $175/mo

9. CapActix Business Solutions

CapActix is an ISO-certified offshore staffing company specializing in accounting, tax, admin, and medical billing processing. With over 8 years of experience and 120+ certified experts, they help businesses build dynamic offshore bookkeeping teams to meet their needs. They focus on innovation and excellence to increase your revenue.

Specific Services Offered:

• Accounting Outsourcing Services
• Bookkeeping Outsourcing Services
• Outsourced Tax Preparation
• Management Reporting
• AR & AP Management

Pricing: Custom plans. Fill out this form to inquire.

10. Merritt Bookkeeping

Merritt Bookkeeping is an online service known for its QuickBooks expertise and custom bookkeeping software. They collect your bank statements each month using automated software and use QuickBooks online to send you understandable financial reports. Finally, you review and adjust your reports using a custom-built, simple web interface.

Specific Services Offered:

• Bookkeeping
• Bank Reconciliation
• Financial Reporting
• Expense Tracking
• Income Tracking

Pricing: $190/mo

11. AccountingDepartment.com

AccountingDepartment.com is the largest and most experienced outsourced accounting, bookkeeping, and controller services company in the US. Having been in the industry for over 20 years, they serve small to mid-sized businesses with $2 million to $100+ million in annual revenue. 

Their award-winning culture supports entrepreneurs by providing comprehensive accounting solutions, ensuring businesses avoid setbacks because of inadequate accounting.

Specific Services Offered:

• Payroll Processing
• Bookkeeping Services
• Accounts Receivable
• Accounts Payable
• Forecasts

Pricing: Custom plan. 

12. Bookkeeper.com

Bookkeeper.com securely provides online accounting and bookkeeping services using best-of-breed technology. With over 37 years of experience, real accountants partner with small businesses to provide high-level tax and accounting services that will save you thousands and increase your profit margin over time. They are passionate about helping clients who understand the value of investing in quality financial management.

Specific Services Offered:

• Bookkeeping
• Payroll
• Tax
• Bill Pay
• Financial Planning & Investments

Pricing: 

• Tax plan starts at $350/mo
• Bookkeeping plan starts at $399/mo

13. Supporting Strategies

Supporting Strategies provides outsourced bookkeeping, controller services, and operational support to growing businesses. Since 2004, their experienced, US-based professionals have helped 4,000+ companies streamline operations using secure technology and a proven process. 

Specific Services Offered:

• Small Business Operations
• Outsourced Bookkeeping Services
• Controller Services
• Small Business Bookkeeping
• Bookkeeping Services for Law Firms, Healthcare Practices, Nonprofits

Pricing: Custom plans. Fill out this form to schedule a free consultation.

14. Outsourced CFO

Outsourced CFO offers financial management services through highly qualified finance experts. They have expertise in over 25 industries, serving more than 1,100 companies in 34 countries. Using the latest technology, they help find, implement, and integrate innovative accounting teams for accurate bookkeeping and reporting.

Specific Services Offered:

• Business Tax Services
• Independent Reviews of Financial Statements
• Monthly Bookkeeping and Reporting
• Payroll Management Services
• VAT Registration

Pricing: Custom plans. Contact them for more information.

15. Analytix Solutions

Analytix Solutions partners with companies across various industries to deliver expert accounting services. With an experienced team, they provide a full range of accounting services, from bookkeeping to part-time CFO and systems integration. Their experts can optimize your processes and manage overflow during peak periods, providing 24/7 access to accurate financial data.

Specific Services Offered:

• Bookkeeping
• Accounts Payable/Receivable Management
• Financial Reporting
• Payroll Processing
• Tax Preparation and Planning

Pricing: Custom plans. Fill out this form to contact them.

16. 1-800Accountant

1-800Accountant is an online accounting service provider founded by veteran CPAs who bring big-firm experience to small American businesses. With an average of 17 years of experience, their CPAs have served over 100,000 small businesses across all 50 states. They offer a 30-day prorated refund if services don’t meet expectations.

Specific Services Offered:

• Tax & Advisory
• Bookkeeping
• Payroll
• Entity Formation

Pricing: 

• Business Package: $179/mo
• Core Accounting Package: $239/mo
• Enterprise Package: $399/mo

17. Entigrity

Entigrity is an offshore staffing partner for over 850 accounting firms, CPAs, and tax firms in the US and Canada. It was founded in 2015 and has a team of over 3,000 accounting experts. They provide skilled accounting, bookkeeping, and tax preparation staff under your control and management. 

Specific Services Offered:

• Bookkeeping
• Tax Preparation
• Financial Reporting
• Payroll Processing
• Accounts Payable/Receivable Management

Pricing: Starts at $11/hr for the US, $14/hr for Canada, and £‎8/hr for the UK.

To have more options, start looking for bookkeepers through your network and social media. Be sure to follow these guidelines for writing a great job description.

5 Steps To Start Outsourcing Your Bookkeeping Services

Follow these steps to get outsourcing bookkeeping services right the first time:

Step 1: Craft Your Bookkeeping Blueprint  

Set up a structured plan for how your bookkeeping tasks will be managed, whether in-house or outsourced. This ensures that all financial records are accurate, up-to-date, and compliant with relevant laws and regulations. Here’s how to craft your bookkeeping blueprint and understand when to consider outsourcing:

I. Assess Your Current Bookkeeping Needs

1. Identify your business type. Different businesses have different bookkeeping requirements.

• Small Business – limited number of employees, lower revenue, and simpler operations.
• Startup – newly established business aiming for rapid growth.
• Large Company – established business with a significant number of employees, high revenue, and complex operations.

2. List the types of transactions you have (sales, expenses, payroll). The volume and complexity of transactions will help determine the level of bookkeeping needed.

3. Check if you’re using spreadsheets, bookkeeping software, or manual logs. Assess whether your current system is efficient and accurate. If it’s not, consider bookkeeping services with advanced features.

4. Decide what financial reports you need regularly (profit and loss, balance sheets, cash flow statements) and make sure the bookkeeping service provider offers them.

5. Consider your compliance requirements like tax filings, regulatory requirements, or industry-specific standards that the bookkeeping service must meet. 

6. Determine how much you’re willing to spend on bookkeeping services. Your budget will influence whether you do in-house bookkeeping or hire an expert.

7. Consult with an accountant or financial advisor to get a better understanding of your needs and the best options available.

II. Outline Your Bookkeeping Tasks

1. Daily Tasks: Recording sales and expenses, Updating cash flow records

2. Weekly Tasks: Reconciling bank accounts, Reviewing outstanding invoices

3. Monthly Tasks: Preparing financial statements, Reviewing and adjusting the budget

4. Annual Tasks: Preparing for tax filings, Conducting year-end reviews and audits 

III. When to Outsource Your Bookkeeping

1. Growing Business: If your business is rapidly growing and the volume of financial transactions is increasing, outsourcing can help manage the load efficiently without overwhelming your in-house team.

2. Lack of In-House Expertise: If you don’t have a dedicated team for bookkeeping or accounting, outsourcing can provide access to experienced professionals who can handle your books accurately.

3. Compliance and Accuracy Concerns: Outsourcing to professionals ensures compliance with tax laws and accounting standards, reducing the risk of errors and penalties.

4. Time Constraints: When bookkeeping tasks start consuming too much of your time, outsourcing can free up your schedule and let you focus on strategic business activities.

5. Seasonal Workload Fluctuations: If your business experiences seasonal spikes in transactions, outsourcing can help manage the workload during busy periods without hiring temporary staff.

6. Desire for Better Financial Insights: Professional bookkeeping services come with advanced reporting and analysis, providing you with better insights into your financial health.

Step 2: Scout, Select, & Secure Your Outsourcing Allies  

When you work with the best outsourced bookkeeping companies, you can improve your business’s financial health and operational efficiency. To choose the right partner, carefully evaluate and hire a bookkeeping service that aligns with your needs. Here are the important factors to consider:

1. Look for service providers with a strong reputation and positive reviews. Check online reviews, testimonials, and ratings on platforms like Google, Yelp, and industry-specific sites.
2. Evaluate the provider’s experience in your industry. Seasoned bookkeepers understand industry-specific challenges and regulations better.
3. Make sure the provider offers the full range of services you need, like daily transaction recording, financial reporting, tax preparation, and payroll processing.
4. Assess the technology they use. Modern bookkeeping requires efficient software like QuickBooks, Xero, or other cloud-based solutions. Check if they integrate with your current systems.

I. Selecting the Right Partner

• Verify the qualifications of the bookkeepers. Look for certifications like Certified Public Accountant (CPA), Certified Bookkeeper (CB), or QuickBooks ProAdvisor.
•  Make sure the provider has robust security measures to protect your financial data. Look for compliance with standards like ISO 27001 or GDPR.
• Choose a provider that can scale with your business as it grows. Make sure they can handle increasing transaction volumes and more complex financial needs.
• Evaluate their communication channels and support availability. A dedicated account manager and regular updates are vital for effective collaboration.
• Compare pricing structures to ensure they fit within your budget. Understand their pricing models (hourly, monthly retainer, or per-service fees) and hidden costs.
• Review their SLAs to understand the level of service you can expect. These are response times, accuracy guarantees, and turnaround times for tasks.

II. Securing the Partnership

• Opt for a trial period if available. You can evaluate their services and compatibility with your business before committing long-term.
• Carefully review contract terms: duration, termination clauses, and confidentiality agreements. Make sure there are no long-term commitments that may be difficult to exit if the service doesn’t meet expectations.
• Assess their onboarding process. A smooth and structured onboarding process ensures a seamless transition and minimizes disruptions to your business operations.
• Request references from current or past clients. Speaking directly with other businesses can provide insights into their experience and satisfaction with the service.
• Establish clear performance metrics and KPIs to measure the provider’s effectiveness. Regularly review these metrics to ensure they meet your expectations.

Step 3: Sign Customized Service Contracts 

Signing a customized service contract with your chosen bookkeeping outsourcing provider ensures both parties are clear on expectations, responsibilities, and terms of service. Here are the best practices for creating and signing these contracts, followed by a sample contract template you can use.

1. Outline all services in detail. Specify tasks like bookkeeping, financial reporting, payroll processing, tax preparation, etc.
2. Include performance metrics and KPIs to measure the provider’s effectiveness. Define the accuracy, timeliness, and quality standards expected.
3. Clearly state the payment structure, frequency, and method. Include details about any additional fees or charges.
4. Include provisions on data security and confidentiality. Specify compliance with relevant standards and regulations (e.g., GDPR, ISO 27001).
5.  Make sure there are strong confidentiality clauses to protect sensitive business information.
6. Define the conditions under which the contract can be terminated by either party. Include notice periods and any associated penalties.
7. Include a dispute resolution mechanism, like mediation or arbitration, to handle conflicts that may arise.
8. Specify the contract’s start date and duration. Include options for renewal or extension.
9. Allow for modifications to the contract with mutual consent. Specify the process for making amendments.
10. Ensure the contract complies with all applicable laws and regulations. Consider having it reviewed by a legal professional.

Sample Service Contract Template

Bookkeeping Outsourcing Service Agreement This Agreement is made on [Date], by and between: Client:[Client’s Company Name][Address][City, State, ZIP Code][Email][Phone Number] Service Provider:[Provider’s Company Name][Address][City, State, ZIP Code][Email][Phone Number] 1. Services The Service Provider agrees to provide the following services: BookkeepingFinancial ReportingPayroll ProcessingTax Preparation[Other Services] 2. Performance Standards The Service Provider agrees to perform the services with the highest standards of professional and ethical competence and integrity. 3. Payment Terms Service Fee: $[Amount] per [Hour/Month/Service]Payment Due: [Specify due date]Payment Method: [Specify method] 4. Data Security and Confidentiality The Service Provider agrees to: Comply with all relevant data protection laws and regulations.Implement and maintain appropriate security measures to protect the Client’s data.Keep all information confidential and not disclose it to any third parties without the Client’s consent. 5. Termination This Agreement may be terminated by either party with [Number] days’ written notice. In the event of termination, the Service Provider shall be compensated for services performed up to the termination date. 6. Dispute Resolution Any disputes arising out of or in connection with this Agreement shall be resolved through [Mediation/Arbitration] in accordance with the rules of [Governing Body]. 7. Duration of Agreement This Agreement shall commence on [Start Date] and continue until [End Date], unless terminated earlier in accordance with the termination clause. 8. Modifications Any modifications to this Agreement must be in writing and signed by both parties. 9. Legal Compliance The Service Provider shall comply with all applicable laws and regulations in providing the services. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. Client: [Client’s Name][Title] Service Provider: [Provider’s Name][Title]

You can customize this to fit your specific needs and requirements. Always consider having your contract reviewed by a legal professional to cover all bases and comply with local laws and regulations.

Step 4: Seamlessly Transfer Your Financial Data  

Transferring your financial data to an outsourced bookkeeping service requires careful planning and execution for a smooth transition. Here’s how to do it effectively:

I. Prepare for Data Transfer

• Assess the current state of your financial data. Identify all sources of financial information – bank accounts, credit card statements, invoices, receipts, and previous financial reports.
• Make sure all financial documents are well-organized. Categorize them by type, like accounts payable, accounts receivable, payroll records, and tax documents.
• Choose a secure method for transferring your financial data like encrypted email, secure file transfer protocols (SFTP), or using secure cloud storage solutions.

II. Set Up New Systems

• Work closely with your bookkeeping service provider to understand their system requirements. They may use specific software like QuickBooks Online, Xero, or other cloud-based accounting systems.
• Align your data fields with those in the provider’s system for consistency and accuracy.
• Conduct a test transfer with a small data sample to identify any issues. 

III. Transfer Data

• Before initiating the full transfer, create a backup of all your financial data to make sure you have a copy in case anything goes wrong during the transfer process.
• Transfer your financial data using secure channels to protect sensitive information.
• Transfer both current and historical financial data for accurate reporting and analysis.

Step 5: Track Service Performance

Monitor your outsourced bookkeeping service to see if they’re meeting your expectations and keeping your financial data accurate and trustworthy. Here’s how to effectively monitor and evaluate the performance using various tools and strategies:

I. Key Performance Indicators (KPIs)

Identify the key metrics you’ll use to assess your bookkeeping service’s performance. Here are KPIs you can use:

• Accuracy of Financial Records: Measure the error rate in financial entries and reports.
• Timeliness of Reporting: Track how quickly financial reports are delivered after the end of each reporting period.
• Compliance & Adherence to Standards: Ensure that all financial practices comply with relevant laws and accounting standards. 
• Responsiveness: Monitor how quickly the service provider responds to queries and issues.
• Cost Efficiency: Compare the cost savings achieved through outsourcing versus the costs of an in-house team.

II. Tools for Tracking Service Performance

1. Project Management Tools

• Asana: Assign tasks, set deadlines, and monitor the progress of your bookkeeping activities. It lets you create detailed project plans and track the status of each task.
• Trello: Visually track the status of various bookkeeping tasks. You can create lists for different stages of completion and move tasks across these stages as they progress.

2. Communication Tools

• Slack: Have real-time communication with your bookkeeping service provider. Create dedicated channels for different topics, like general inquiries, urgent issues, and monthly report discussions
• Microsoft Teams: Use Microsoft Teams for seamless collaboration and communication. It integrates well with other Microsoft Office tools and allows for video meetings, file sharing, and chat.

3. Financial Management Tools

• QuickBooks Online: You can directly monitor your financial data, generate reports, and track key metrics in real-time.
• Xero: Keep an eye on your financial health and the performance of your bookkeeping service.

4. Reporting and Analytics Tools

• Google Data Studio: Create custom dashboards and reports by pulling data from various sources. This can help you visualize the performance metrics of your bookkeeping service.
• Tableau: Analyze and present your financial data in an easily understandable format. Use it to track trends and performance over time.

8 Benefits Of Hiring Bookkeeping Outsourcing Services

Outsourcing bookkeeping services can provide these advantages for your business:

1. Cost Savings

Outsourcing bookkeeping can be more cost-effective than hiring full-time staff. You save on salaries, benefits, and overhead costs associated with in-house employees. This lets you allocate resources more efficiently towards core business activities. 

2. Access to Expertise

When you outsource, you gain access to a team of experienced professionals who specialize in bookkeeping and accounting. These experts stay updated with the latest regulations and best practices, ensuring your financial records are accurate and compliant. This expertise can provide peace of mind and reduce the risk of errors.

3. Time Efficiency

Outsourcing bookkeeping frees up your time, allowing you to focus on running and growing your business. The bookkeeping tasks are handled by professionals, so you don’t have to worry about managing financial records. This increases productivity and improves time management for you and your team.

4. Scalability

Outsourced bookkeeping services can easily scale with your business as it grows. Whether you need more support during peak seasons or as your company expands, outsourced providers can adjust their services to meet your accounting needs. This flexibility ensures that your bookkeeping processes can adapt to your business’s changing demands.

5. Advanced Technology

Outsourced bookkeeping firms use the latest accounting software and technology. This means you get access to top-tier financial tools without investing in expensive software yourself. The use of advanced technology also enhances accuracy and efficiency in managing your financial data.

6. Improved Focus on Core Business

Outsourcing bookkeeping lets you concentrate on your core business activities without being bogged down by administrative tasks. You can dedicate more time and energy to strategic planning, customer service, and other critical areas. A sharper focus on core activities can drive business growth and innovation.

7. Enhanced Financial Reporting

Professional bookkeeping services provide timely and accurate financial reports. This helps you make informed business decisions based on real-time financial data. Reliable reporting can also assist in identifying trends, managing cash flow, and planning for the future.

8. Reduced Risk of Fraud

Outsourcing to a reputable bookkeeping service can reduce the risk of internal fraud. Third-party providers implement robust controls and checks to protect your financial data. This external oversight can help detect and prevent fraudulent activities, protecting your business from potential losses.

Conclusion

When handling finances, small businesses need to invest in accurate bookkeeping to avoid discrepancies that can disrupt operations and hinder growth. List down your financial service needs and match them with the bookkeeping outsourcing services we discussed. Get in touch with them and request a free trial to get your perfect match.

For quick hiring needs, Genius can help you with pre-vetted accountants and bookkeepers. We hire the top 1% through our strict vetting process, providing you with top talent quality with a 6-month talent guarantee. Join us now.

FAQs

1. What kind of bookkeeping is used by small businesses?

Small businesses use double-entry bookkeeping. This records each transaction in 2 accounts for accuracy. They use accounting software like QuickBooks or Xero for efficient and accurate financial management.

2. Can I do bookkeeping in Excel?

Yes, you can do bookkeeping in Excel by setting up spreadsheets to track income, expenses, and other financial data. However, it can be time-consuming and prone to errors compared to using dedicated accounting software.

3. Why are bookkeepers declining?

The decline in traditional bookkeeping roles is because of the automation of accounting tasks through advanced software and technology. This shift allows businesses to handle routine bookkeeping with fewer human resources, focusing instead on strategic financial analysis.

4. Why hire a freelance bookkeeper?

Hiring a freelance bookkeeper offers flexibility and cost savings, as you pay only for the services you need. Freelancers can provide expert, personalized attention to your financial records without the overhead costs of a full-time employee.