CPA Bookkeeping

Top 5 CPA Accounting Strategies Trending in 2022

Posted on 03/02/2022

Financial gurus predict a sea change in the way the accounting process is going to evolve this year, 2018. Gone are the days when bookkeeping and financial accounting were done manually. Presently, we are heading into a total transformation where automation, CPA Bookkeeping Services, and cloud accounting are endorsed globally by the business community and corporate houses.

CPA Accounting firms 2022

While small business houses, bookkeepers, and CPA accounting firms avail the support of CPA bookkeeping services by outsourcing their work significantly, let us look at the top 5 most trending accounting methods this year.

1. Automation

Automation in accounting is a boon to small and large businesses. The automation process has slowly replaced manpower in accounting during 2017.  Manual accounting is gradually phasing out and industries are opting for automation because it saves a great amount of time and is very cost-effective. Accountants of CPA firms and bookkeepers can focus on other crucial accounting issues as the day to day accounting operation works hassle-free.

2. Cloud accounting

Cloud accounting software is user-friendly and flexible as it can be accessed from anywhere. Financial information gets updated automatically providing real-time reports, making it easier for businesses to take quick decisions on various issues. Cloud software keeps accountants and business owners well connected.

3. Social Media for accounting firms and CPAs

Business houses are using the social media platform to increase brand presence for their online business strategies. The idea is to reach out to a global audience, which has the advantage of accounting companies is increasing website traffic at very little or no cost.

4. Collaborative Accounting

The term may sound new because it involves accountants communicating with clients using the internet and state-of-the-art technology irrespective of their location. Sometimes, accounting transactions are monitored by an Accounting back office to a business house on the other side of the world. Communication with clients and business partners, coming up with solutions and strategies is simplified.

5. Outsourcing

Outsourcing financial and accounting services are gaining popularity in recent times, especially in the last couple of years. The Accounts department will have more time on hand to develop other pressing business issues that need immediate attention. In addition to that, the following advantages keep them on the popularity list.

  • Ample time to focus on core business and growth
  • Resource scalability
  • Complete support from an Expert accounting team
  • Manage realtime Financials
  • Major cut-down on cost

When we look at all the above methods of accounting it is obvious that the benefits of Accounting outsourcing for businesses and industries are numerous, irrespective of their size and domain. Outsourcing your accounting operations to expert accountants will be a great relief and ensures a smoother business model, not to forget the reduction of overheads.

Our Bookkeeping Experts are here to help.

Team Velan Bookkeeping offers reliable and speedy outsourced accounting services to CPA firms, bookkeepers and small businesses at a global level. Reliable accountants with expertise are ready to take care of all your accounting needs. When you are considering outsourcing accounting, go to www.velan-bookkeeping.com for the best deal!

Topics: CPA Bookkeeping


How can outsourcing CPA Accounting Firms Step-up Revenue Post-tax Season

Posted on 19/01/2022

Certified public accountant (CPA) and Bookkeeping services for Accounting Professional Clients in the USA. Outsourced CPA Accounting Firms help clients with a wide array of services.

Outsource CPA accounting and bookkeeping services firms must be breathing a sigh of relief post-tax season, after a hectic tax filing this year. However, successful firms don’t just stop with a January to April alliance with their clients but continue to do business with them throughout the year.

In this article, you can find out how a CPA firm’s bookkeeping services can gain revenue effectively post-tax season.

5 Remarkable Moves for CPA Firms to Step-up Revenue Post-tax Season

1. Extend consultations to existing clients with CPA and bookkeeping services

A little twist to an old saying goes, “Make new clients, but keep the old, one is silver, the other is gold!” Client retention is the key to building steady revenue. It is cost-effective to extend new services to existing customers rather than spend money on acquiring new customers.

Clients who approach you for tax filing consultation may have issues in financial accounting too. The IRS Oversight Board says, about 60 million taxpayers, constituting 37% of the total filers for income tax, contact the IRS for various reasons. Clients will come back to you when they receive a notice or email from the IRS. So, it is important to stay connected with them and offer your extended Bookkeeping Services. You can then charge them on an hourly basis for expert support, whenever necessary.

2. Extend advisory services and asset management services

Individuals opting for services of tax filing may not necessarily return for other accounting and financial services. Therefore, encourage clients to communicate with you and connect with you whenever they have questions or issues at hand. Communication through emails, postcards, and newsletters is a popular way of staying in touch with your clients.

3. Make the customer experience a priority

Generally, customer retention and customer service are not the core focus of accounting firms. It is the customer experience that needs more focus. When your satisfied customers have a pleasant experience in resolving their issues, they automatically spread the word around. Such referrals are bound to bring you more customers. Hence, don’t forget to request regular feedback from your clients to improve and enhance your customer service.

4. Extend other accounting servicesPayroll, Remote bookkeeping, and Bank Reconciliation

You can offer your clients of Outsourced CPA bookkeeping services with additional services such as payroll, bank reconciliations, and bookkeeping for CPA. For this, the clients must also trust you enough to try other services.

When it comes to hiring experienced staff and new infrastructure, you can always contact us for complete dedication and delivery on time of various bookkeeping services.

5. Extend professionalism

You can develop a strong bond with your clients by being proactive and understanding their inherent financial situation. Therefore, build a niche for your firm by providing services to a target group. Clients like to approach, skilled accountants in their specific field of business. Hence, it is important to stay updated constantly on changes in regulations and policies announced by the Government.

Thus, extending bookkeeping services to existing clients would help you gain business all throughout the year. You will invariably be hiring more accountants for your firm. A better option would be to outsource your work to specialists. Look for accounting professionals who are imbibed with qualities to be updated, consistent, and compliant. Contact us today and we would be pleased to share our expertise in bookkeeping services. We would be happy to work with you.

It’s time for a better bookkeeping service for your small business

Topics: CPA Bookkeeping