Overview

IBISWorld’s Bookkeeping Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Bookkeeping Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Bookkeeping Services - Recent Price Trend

The price of bookkeeping services has risen during the three years to 2017 at an estimated average rate of 1.1% per year with a low level of volatility. Despite price growth negatively affecting buyers over the period, buyers have enjoyed low volatility in that it has presented them with predictable pricing. In turn, buyers have enjoyed the ability to make more accurate cost estimations and...

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Bookkeeping Services - Total Cost of Ownership

Due to the time and materials price model that is commonly used in the market, additional costs or hidden fees are typically low. Most additional costs are accrued in the first year of the contract. New bookkeeping providers are likely to require time to learn about and organize a buyer’s operations. This factor can add a start-up fee to the first period’s charge. Buyers can mitigate...

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About this Report

This report is intended to assist buyers of bookkeeping services. This service mainly involves recording all financial transactions a business makes, particularly purchases, sales and other payments. These services are procured by businesses across all sectors of the economy. This report covers both brick-and-mortar and online businesses that provide bookkeeping services. This report does not include bookkeeping software. Though many providers also perform payroll services, this report does not focus on the procurement of payroll services. 

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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