Question Time spent on Client

[OffshoreVA]

Hello Guys,

I was reading over the threads, and noticed a'lot of bookkeeping VA businesses usually give not more than 5-10 hours per month to a client. Are they referring to real small businesses? Is this full bookkeeping for the client or an agreed monthly total hour agreement at the consent of the VA business

What would be a normal minimum to maximum range of hours a small/med sized business bookkeeping can range in total monthly hours?

Do you guys prefer spending less time on clients? I can understand for the businesses that have a'lot of clients, since everything adds to opportunity cost for them.



Looking forward to hearing your response guys,


Thanks in advance

Happy Bookkeeping.

[Office Goddess]

My small businesses clients (1-5 employees) range from 3-8 hours/week for full-charge bookkeeping services (adding payroll puts them on the higher end). My 9-5, when it employed 18 folks, was a 20 hour/week company. This included a/p, a/r, bank/credit card reconciliations, payroll, tax deposits, quarterly tax filings and end-of year clean-up per the accountant's instructions. I don't do taxes (can't, legally, in Colorado without being certified).

[OffshoreVA]

Lily,
Do you think it is a good idea for me to start small. Well I think that is what bookkeeping businesses in USA would prefer when subcontracting work to me due to the trust issue.

But I guess that will give me the opportunity to show off my skills, and prove my self which can increase the trust factor.

Looking on hearing your take on this Lily..

[leedrozak]

I would start small but not because of the trust issue. Many businesses looking to outsource accounting are smaller companies and you would probably find your most success here. Most US companies with larger staff look to bring on employees rather then subcontractors or they look to hire a CPA.

You could also target CPA's in the US who are looking to outsource the bookkeeping end of client work so that they can concentrate on the reporting tasks and more complex services like payroll and taxes.

[OffshoreVA]

Lee

I am actually talking to a CPA, in USA and were negotiatiing how he can get clients and outsource the bookkeeping to me with the permission of the Customer. It is easier for him due to being a CPA, and the best part is he is also from my Country.

Yes my target market is small in no way I am targeting the big companies because they would have more expectations and a higher criteria.

[OffshoreVA]

Lee
Their are minor differences between financial reporting of ACCA as it goes by IFRS while CPA goes by GAAP principles.
For example treatment of intangible assets the criteria for capitalization.
However If I do target a CPA I can easily reconcile these matters If the CPA I work with allows me ofcourse.

However as we all know all these aspects only large companies deal with,
Small companies usually have the common assets, which would have equal treatment
between GAAP and IFRS.