Staffing challenges is a reoccurring topic of discussion in the accounting industry. In 2021, the UK saw the highest number of vacancies for bookkeepers and accountants since 2017, according to Accounting Web.
Co-sourcing is on the rise for many UK accountancy practices, and understandably so due to the result of sa ving time and cutting costs. However, there is more to co-sourcing today than the mere element of cost savings. Most importantly, it is a guaranteed solution to combat your staffing issues.
Bookkeeping and payroll are an integral part of accounting, that can take up most of an accountants’ day-to-day. At Totus, we take pride in delivering bookkeeping and payroll services to UK accountancy firms. Our management team boast over thirty years of combined experience in finance and staffing solutions. We endeavour to help practices conquer the global skills shortage and expand their practice by providing them with access to Xero certified, bookkeeping experts.
In our experience, accountancy firms are hesitant to take up services like bookkeeping as it is a low-margin and time-consuming process. Co-sourcing a bookkeeping service with Totus creates an external talent pool, leading to increased revenue for your business.
At Totus, we make bookkeeping easy for you. On our initial free-consultation call, we will discuss your requirements to ensure we provide you with the best solution for your business.
The accountancy industry in 2022 and beyond is transforming. But for well-prepared professionals, there’ll be nothing daunting about these developments. Totus believes that changes in the industry represent real opportunities. You just need to make sure that you have the right technology in place, and the knowledge to unleash its potential.
Always be ready to adapt to the latest innovations, such as co-sourcing– because this is the key to grow and scale your accountancy firm. Totus aims to be an extension of your accountancy practice, perfectly aligned to your aims and targets, and in tune with the challenges you’re facing.
Feel free to explore some of the blogs on our website to find out more about the changing face of accountancy in 2022 and beyond. To keep an eye open for more relevant news, follow us on social media.
