Firms in the Bookkeeping industry record commercial transactions on behalf of companies and other organisations. Small and medium-size firms are the most important market for the industry, accounting for over 50% of revenue. Weak economic conditions following the financial crisis hindered demand for bookkeeping services, which affected the industry's revenue performance. Demand weakened as business profit slumped, causing businesses to slash their spending on outsourcing. However, the essential nature of bookkeepers' services mitigated the adverse influences on the industry's performance.
Firms in the Bookkeeping industry record commercial transactions for businesses and other organisations for the purpose of record keeping and accounting. The industry does not include companies that primarily provide management consultancy or accounting services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.