Monday, June 18, 2012

Where Do You Get Bookkeepers for Accounting Firms at Reasonable Rates?

You must be wondering why accountants would need bookkeepers. They are ideally supposed to do it themselves right? Well yes, but not entirely. It works the same way as doctors and nurses. Doctors are expected to know everything that nurses do but at the same time their attention is needed on cases that nurses are not trained to handle. For example, a doctor is trained to administer a vaccine and so is a nurse. But the nurse is not trained to 'prescribe' a vaccine.

Similarly, an accountant knows to maintain books and can manage it in the absence of a bookkeeper but a bookkeeper is not trained in accountancy. When accountants get new projects, they assign bookkeepers for the bookkeeping while they focus on accountancy tasks like preparation of final accounts and full fledged financial reports. This is the usual trend with CPA's and accounting firms alike.

But often it happens that professional bookkeepers are few in number. This not only makes them hard to get, but also makes their rates unaffordable. End of the day, accountants turn down new businesses for not having bookkeepers. Sad isn't it?

Wondering if there is a way out?

Luckily, there is. It is possible through outsourcing. Business Process Outsourcing today provide bookkeepers for accounting firms at cost effective rates. You must be wondering how people part with sensitive information such as accounts, but you would be surprised at the methods followed by BPO's to comfort such concerns.

Here are a few things they do.

Adopt a "No working for competitors" policy.
Sign a "Non-disclosure" agreement with employees
Allow only restricted internet access to employees
Have a policy where employees are not allowed to use mobile phones or data transfer devices such as pen drives, hard disks, CD's/DVD's.
Have strict entry/exit policy through Bio-metric fingerprint access.
Highly secure modes of data transfer.

Such measures have greatly minimized the fear of outsourcing and a lot more people have found relief in it. Accounting bookkeeping services are also being sought after a lot these days.

Outsourcing bookkeeping could be one of the best decisions for CPA's and accounting firms since they only stand to benefit. Bookkeepers for accounting firms at prices so low is too good a deal to miss. With this service in place, accountants can take on as many new clients as they get. They no longer have to worry about functioning like a doctor without a nurse's assistance.



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