Skip to content
Tweak Your Biz home.
MENUMENU
  • Home
  • Categories
    • Reviews
    • Business
    • Finance
    • Technology
    • Growth
    • Sales
    • Marketing
    • Management
  • Who We Are

8 Ways to Improve the Efficiency of Your Bookkeeping Company

By Milo Forester Published March 25, 2022 Updated October 14, 2022

If you feel like your bookkeeping company could run more efficiently, you may be having workflow issues. Whether your firm is long-established or still in its infancy, there is always room to improve – even if it’s only by 10%. 

However, before making any changes to your company, you first must identify the areas of concern. For example, which departments, employees, or systems are causing this lack of efficiency? Would you be better off outsourcing specific jobs to focus more on your core services? If so, continue reading to discover 8 ways to improve the efficiency of your bookkeeping company and determine which ones to implement.

 

1) Be Transparent

Transparency is a given in every industry, but you’re dealing with others’ finances. So it’s important to detail every step of your process to both employees and clients. This way, nobody is confused at work, and everyone can get the job done efficiently. 

Plus, nobody wants to sign up for bookkeeping services with a secretive company. If you’re constantly embedding hidden fees into your contracts, or you poorly communicate with clients, you’re going to develop a negative reputation. On the other hand, when you’re transparent, you’ll attract your ideal clients, have improved workflow, and build a strong foundation for success.

2) Only Book Profitable Clients

As your client base grows, it’s essential to weed out those slowing down business and profits –  especially when the quality of your firm improves. For example, Jane may be one of your oldest clients, but if she’s paying the lowest rates and taking up valuable time, she turns into a liability. 

When you get to this point, it’s time to let her know that your company’s value has increased, and so have your rates. Whether she recognizes your value and accepts is up to her. Otherwise, let her go to make room for people who will grow your business. 

3) Implement Workflow Software

The biggest thing you can do to improve your company’s efficiency is to upgrade your technology. Accounting practice management software will allow you to get a clear view of your company’s workflow, so you can make adjustments where they’re needed. Additionally, you can assign work, track progress, report to clients, and meet every deadline. The software is specifically designed to streamline the entire process and keep all of your work in one place.

4) Provide Incentives to Employees

Rewards are an excellent motivator for hard workers. You’re more likely to retain quality employees when you offer competitive compensation. Plus, bonuses and gifts are great ways to increase productivity since you’re giving them more to work for than just a paycheck – something they can get at any other firm. 

5) Outsource When Necessary

If you’re struggling to maintain your core services because you’re focusing on keeping up with other tasks, it may be time to outsource. For example, if marketing costs you too much time and money, consider outsourcing that job to a freelancer or marketing firm that can handle it all. 

In addition, if you are short-staffed, it may be necessary to outsource some work to freelance bookkeepers until you can hire more internal staff. This will help you avoid employee burnout that could reduce the quality of your services and cause you to miss deadlines. Additionally, when you outsource, you could save money by eliminating the need to provide full-time employees with hearty benefits.

6) Training Programs

To keep your employees current with the latest tax laws and technology updates, it’s crucial to provide training programs. Continuing education helps avoid a large-scale lag when these changes are implemented. Plus, having employees constantly evolving with the times is a valuable asset.

7) Reduce Interruptions

Distractions can significantly slow down company efficiency – whether working remotely or in the office. Allowing your workers to listen to music while they work can be a great way to keep them focused when people are going back and forth in the workspace. Additionally, you should position the workspace in a less frequented room by unnecessary traffic. So, keep cubicles away from the conference room where you meet with clients. That is if you have the space to do so.

8) Continue Adjusting

As your company scales, you’ll need to continue making adjustments to improve workflow and efficiency. After all, a larger business cannot always operate with the same functions as a small business. If you keep things the same throughout the life of your company, you’ll become outdated. Additionally, you may come across clients with special needs that require certain adjustments on your end to accommodate. 

 

Conclusion

Bookkeeping businesses must always keep up with industry evolution, particularly when laws and technology constantly change. Without doing so, you’ll fall behind, and client satisfaction will likely decrease. The solutions listed in this article will increase the efficiency of your company, but they only work if you do. Once they’re implemented, ensure every employee and client is aware and on the same page to avoid confusion.

Posted in Finance

Enjoy the article? Share it:

  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share on Email

Milo Forester

Milo Forester works as a content editor at Sure Oak, a small USA-based digital marketing company lead by Tom Casano. Previously he worked with many different websites and companies with regards to their content and marketing strategies.

Contact author via email

View all posts by Milo Forester

Signup for the newsletter

Sign For Our Newsletter To Get Actionable Business Advice

* indicates required
Contents
1) Be Transparent
2) Only Book Profitable Clients
3) Implement Workflow Software
4) Provide Incentives to Employees
5) Outsource When Necessary
6) Training Programs
7) Reduce Interruptions
8) Continue Adjusting
Conclusion

Related Articles

Finance

Why Most People Underestimate How Long Their Savings Need to Last

Henry Davis August 27, 2025
Finance

7 Financial Moves for Retirees Looking to Boost Cash Flow — Fast

Chaz Michaels August 25, 2025
Finance
Technology

What Is Render Token (RENDER)?

Deborah Pretty August 22, 2025

Footer

Tweak Your Biz
Visit us on Facebook Visit us on X Visit us on LinkedIn

Privacy Settings

Company

  • Contact
  • Terms of Service
  • Privacy Statement
  • Accessibility Statement
  • Sitemap

Signup for the newsletter

Sign For Our Newsletter To Get Actionable Business Advice

* indicates required

Copyright © 2025. All rights reserved. Tweak Your Biz.

Disclaimer: If you click on some of the links throughout our website and decide to make a purchase, Tweak Your Biz may receive compensation. These are products that we have used ourselves and recommend wholeheartedly. Please note that this site is for entertainment purposes only and is not intended to provide financial advice. You can read our complete disclosure statement regarding affiliates in our privacy policy. Cookie Policy.

Tweak Your Biz
Sign For Our Newsletter To Get Actionable Business Advice
[email protected]