Bookkeeping forms an essential part of accounting, irrespective of the industry type. Every business needs to record its financial transactions to perfection. This is only achievable with the help of a skilled and experienced bookkeeper, and when you do not have an in-house expert for the same, outsourcing is the most viable option.
Also, the majority of the accounting firms seek availing outsourcing bookkeeping services and pass on the overburden of their bookkeeping tasks to the bookkeeping service providers. The reason being they face a lot of challenges in the form of client satisfaction, timely completion of tasks, incurring costs for infrastructure, equipment, and technology, etc.
This infographic by Cogneesol provides insights into the trends related to bookkeeping services in the USA in 2019.