With youngsters being the major workforce these days, the proprietors or partners of an accounting practice need to be mindful of what their staff wants and allocate the work accordingly.
Accountants these days want to do more than just carry out the mundane bookkeeping job of the clients. They do not want to handle the boring bookkeeping anymore but want to deal with more challenging tasks, like preparing financial statements, carrying out statutory and specialist audits, and so on. Let them handle these challenging tasks and outsource the less lucrative bookkeeping tasks to someone who specializes in outsourced bookkeeping services.
This will make the job more interesting for the accountants, while at the same time, will get the bookkeeping work of the clients done efficiently.
Of course, outsourced bookkeeping services at first will seem like an overhead, but think about freeing your staff who can focus on value-added, lucrative services of your practice!
