subject: Outsourcing Bookkeeping And Accounting - Low Cost Vs. High Quality? [print this page] The best virtual bookkeeping companies are usually the ones that charge the lowest bookkeeping rates. It seems counter-intuitive. How is that possible?
1.The bookkeeping companies that charge the lowest rates support hundreds of clients. By supporting a large number of clients, the virtual bookkeepers, virtual accountants and virtual assistants at these bookkeeping firms handle a much larger volume of bookkeeping tasks that allow each of them to specialize in a specific industry or task. In comparison, a boutique bookkeeper supports a handful of clients. It would probably take a boutique bookkeeper more than a lifetime to gain the same amount of experience in a specific industry or task.
2.The bookkeeping companies that charge the lowest rates are usually located in countries such as India which have access to a large pool of virtual bookkeeping staff at a very low cost.
3.Also, bookkeeping services with access to multiple virtual bookkeepers make turnover and other staff management issues seamless to the small businesses.
If you think about it, bookkeeping and accounting has become a commodity. You would like the commodity to meet certain well-defined specifications such as weekly reconciliation with bank accounts, up-to-date financial statements, bi-weekly paychecks for employees, online bill payments, zero late fees, etc. Once these specifications are defined you can simply go about finding the bookkeeper with experience and pool of staff with experience in QuickBooks. You should go with a virtual bookkeeper that has been around for a few years and is a well established company.
