Year: 2025

In 2025, every business seeking to reduce its overhead costs, streamline operations, and expand its business offerings is either partnering with an outsourcing service provider or is looking for one to partner with. It’s no different for US accounting firms, with mounting regulatory changes, an ongoing talent shortage, and the urge for digital transformation compelling the US accounting fraternity to consider outsourced accounting firms as a strategic growth enabler for their business.

At its very core, bookkeeping as a business function is all about maintaining accurate and confidential records of the financial data of the company. However, it is not as simple as it sounds. Bookkeeping requires specialized expertise, which can be challenging to acquire, time-consuming, and costly for any business, depending on the level of bookkeeping expertise you are seeking. Not to mention, the lack of required skill set, and expertise makes the entire process prone to errors—especially if you are a small and medium-sized business.