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Good accounting and bookkeeping services can considerably increase the likelihood of business success.
camiseta futbol personalizada The following two tables from The Small Business Book (Robert Hamilton and John English) camiseta futbol personalizada make the point eloquently.


Survival Related To frequency of accounting Report
Frequency Survival Rate %
At Last month - 79
Quarterly - 71.5
Half-yearly - 49.9
Annually - 36.0

Survival in relation to accounting records
Accounting Records Survival camiseta futbol personalizada Rate %
Excellent ?good -- 63.0
Average -- 49.8
Inadequate -- 20.1
Poor ? non existent -- 2.5
As one can see the difference between average and good accounting can make a 25% difference in business survival.
Until recently small businesses could not afford best accounting or bookkeeping services. Small companies had to rely on part-time bookkeeping services, with no guarantee that the person will be available when needed. Part-time bookkeeping or accounting service providers cannot provide the diversity of accounting and bookkeeping experience needed.
Even for larger companies, there is a shortage of accountants. The number of accounting graduates is down 25% and the number of CPA candidates is down 22%. Since the need for accounting expertise is going up and the supply is down, the salaries for US accountants are increasing faster than inflation.
Companies like General Electric pioneered outsourced accounting and bookkeeping services. Many large companies have followed suit. Typically they have created captive operations with at least 300+ employees.
There is now a new class of vendors (primarily from India) who provide outsourced accounting and bookkeeping services to clients who may need only a quarter-time accountant to clients needing three hundred accountants.