With so many companies needing ongoing financial support, and hiring still very much in flux with an inability to secure reliable talent, there’s a real niche available for those who want to start a bookkeeping service. It absolutely helps to understand accounting as the owner of such a business, but it also matters tremendously to be able to scale up to the work being expected from clients. Unlike project work, bookkeeping is an ongoing, cyclical workload.
So, the more accounts that are added, the more work in total that has to be produced every month. While starting out with one or two clients might be feasible, taking on 5 or 10 more becomes impossible. To avoid this ceiling to a business’ growth, scaling up is the answer.
Remote Bookkeeping Support for Providers
For small business owners providing bookkeeping to other companies (i.e. business to business), it becomes obvious that an owner and partner must focus on selling and adding accounts for income and cash flow, which leaves very little time for hands-on managing of the work. This means someone else needs to be brought on board. However, just holding onto staff for work that flows and ebbs is a sunk cost at times.
So, scalability becomes essential for keeping costs down and profit margins at maximum returns. Remote bookkeeping fills this gap, adding qualified and skilled help when its needed and then scaling down as demand lowers. A small business provider then is only paying for what it actually needs and can use the profit margin for further growth.
The Internet is Leverage
During the brick and mortar days, scaling up literally meant adding physical people to the office. Now, with the Internet, scaling up can happen 24/7 with multiple shifts around the clock. The flexibility with which a business can take on a large workload at different times and then reduce it again is amazing with digital services. Add in the fact that bookkeeping and accounting in general can be easily handled, worked on and transferred electronically as generic CSV and Excel files, or worked on in real-time with cloud accounting tools, and the ability to handle all times of needs becomes very doable.
Not Just for Clients
So, in a nutshell with the above, support from a remote bookkeeper is not just for end clients. Small businesses that have accounting markets and work in B2B environments can easily benefit from remote support as well, especially in cost control and scalability for workload demands that change from month to month.
