Accounting firms are constantly seeking ways to streamline operations, reduce costs, and enhance service offerings. One popular strategy that has gained significant traction is outsourcing bookkeeping services.
On the surface, outsourcing can seem like a perfect solution: it promises cost savings, access to skilled professionals, and the ability to focus on core business functions. However, as with any business decision, it is essential to weigh the pros and cons before jumping on the bandwagon.
Botkeeper Infinite is just $69 per client per month. Firms can enjoy predictable pricing structures that are not subject to seasonal fluctuations or demand-based adjustments. This financial predictability allows for better budget management and eliminates the uncertainty associated with traditional outsourced bookkeeping fees.
Botkeeper Infinite ensures that all data remains within the firm's control. With SOC 2 Type 2 compliance, Botkeeper offers significant security that represents the gold standard for the accounting profession. So your firm can rest easy knowing its clients’ data is receiving the utmost care.
Botkeeper Infinite is operated by your firm, so communication is simplified. Our Activity Hub module collects and centralizes communications across tasks and projects managed using our platform, making it easy for your employees, and even your clients (if you choose to add them) to ask and respond to questions.
Because your firm is in control, you will always know who is working on what. You can easily assign or reassign tasks, then follow progress using the Close Tracker module. And because Botkeeper Infinite will allow you to store, read, update, and version track documents, there will never be a loss of information your firm needs to get the books done the way the client needs them.
Botkeeper Infinite is available and running 24/7. It doesn’t get sick, take vacations, or have “off” days. This ensures that bookkeeping tasks are completed promptly and efficiently.
Botkeeper’s machine learning allows its transaction categorization to improve with every iteration. As your team addresses transactions the platform isn’t as confident about, it learns. As a result, your team will need to spend less and less time reviewing transactions, and more time getting things done that can move your clients’ businesses forward.
Outsourced bookkeeping is very often a good thing, but it requires a lot of oversight and verification on the part of the firm. It can offer significant benefits, but it’s crucial to be aware of the potential pitfalls. Variable pricing, security concerns, communication challenges, lack of dedicated resources, and time zone mismatches can all impact the effectiveness of outsourcing. Botkeeper Infinite presents an innovative alternative that leverages the power of AI and ML to deliver accurate, efficient, and secure bookkeeping services. By maintaining control over the process, firms can enjoy the best of both worlds: the benefits of automation without the downsides of traditional outsourcing. In the end, the right choice depends on the specific needs and priorities of your firm, but Botkeeper Infinite offers a compelling solution that is worth considering.