How many bookkeeping companies are there in the US?

How many businesses are there in the Payroll & Bookkeeping Services industry in the US in 2021? There are 311,702 Payroll & Bookkeeping Services businesses in the US as of 2021, an increase of 1.9\% from 2020.

How big is the bookkeeping industry?

The market size, measured by revenue, of the Payroll & Bookkeeping Services industry is $55.1bn in 2021.

How many bookkeepers are there?

There are currently an estimated 1,730,500 bookkeepers in the United States.

Is there a demand for bookkeepers?

The bookkeeping occupation may be slowly declining, but the bookkeeping skills and knowledge in general will remain relevant for businesses and in demand for the foreseeable future.

How many audit firms are there in the US?

There are more than 138,000 accounting firms in the United States. For any firm to become one of the ten largest is an accomplishment on its own. The firms that become this large typically do so through regular mergers, acquisitions, and international growth.

How many CPA firms are there in the US?

46,000 CPA firms
There are around 46,000 CPA firms in the United States and the 500th largest firm has about 20 people and $3 million in revenue.

How many accountants and bookkeepers are there in the US?

In 2019, there were 1.28 million accountants and auditors and 1.51 million bookkeeping, accounting and auditing clerks employed in the U.S. California was the state which employed the most accountants and auditors, but it was the District of Columbia which paid its accountants and auditors the highest wages.

How many accounting firms offer booking/accounting services?

About 79\% of accounting firms offer booking/accounting services to their clients. By 2026, the global accounting software market is forecasted to hit $20 million. Cloud accounting is used by 82\% of small businesses and 58\% of enterprises. The cloud accounting market could reach $4.25 billion by 2023.

What will the bookkeeping industry look like in 2024?

Bookkeepers also make up a sizable proportion of this industry, at 15\%. An increase in employment is projected for Accountants (10\%), Auditors, Company Secretaries and Corporate Treasurers (11\%), General Clerks (5\%) and Accounting Clerks (4\%) by 2024. A small decrease in employment is projected for Bookkeepers (2\%) by 2024.

How big is the accounting industry in the US?

Accounting industry in the U.S. – Statistics & Facts. The revenue of the accounting, tax preparation and payroll services industry in the United States is forecasted to generate around 156 billion U.S. dollars by 2018.

How many companies use cloud accounting software?

(Journal of Accountancy, 2015) 67\% of accounting professionals prefer cloud accounting. (Sage, 2021) 58\% of large companies utilize cloud accounting in their operations. (Accounting Today, 2017) 78\% of SMBs will rely exclusively on cloud accounting software by 2020.