White-label bookkeeping is also known as private-label bookkeeping. Under this process of bookkeeping, the bookkeeping service is performed by one company, but it is sold without branding to another company. This allows the reselling company to brand itself.
How does White Label Bookkeeping Work?
The firm that provides white-label bookkeeping services performs all the activities that a regular bookkeeper does, however, they do not add their branding to the books and sell them to another company. The other company uses its brand name and resells the service.
Is White-Label Bookkeeping Helpful?
Hiring White-Label Bookkeeping services implies that you are doing everything you can to serve your clients with nothing but the best. In doing so, you ensure that your customers are satisfied with your service.
What Activities are Performed in White Label Bookkeeping?
White-Label Bookkeeping offers services such as the reconciliation of bank statements, monthly segregation of income and expenses, finances ready for taxation, catchup bookkeeping services, etc.
What are the Benefits of White Label Bookkeeping?
One major benefit of White-Label Bookkeeping is that it eliminates staffing bandwidth issues. You will have the benefit of catering to several clients without worrying about the staff count. Limited staff will also mean saving money.
What are the Disadvantages of White Label Bookkeeping?
Under White-Label Bookkeeping, you will not have direct access to consumers’ transactional data or insights which may lead to communication issues between you and your customer. Although, if proper measures are taken, this can be avoided.
What are the Features of White Label Bookkeeping?
White-Label Bookkeeping services give its users the luxury of various useful features such as saving time, helping in maintaining clients, and expanding the services you offer. White-Label Bookkeeping also allows for more free time to take on more clients.
What is the Cost of White Label Bookkeeping?
The cost of White-Label Bookkeeping varies for every client. The pricing of the service depends on various business factors such as the number of accounts, period of bookkeeping, etc. You must do your research before hiring a White-Label Bookkeeper.
When can you Use White Label Bookkeeping?
Bookkeeping is both hectic and crucial, but as a bookkeeper, you cannot let your client down. Hence, if ever you feel like the workload is piling up or you are unable to do your best for all your clients, then it is time for you to use White-Label Bookkeeping.
Why Should you Choose White Label Bookkeeping?
White-label bookkeeping services allow you to transfer the workload to another firm. This helps you reduce stress, ensure reliability and efficiency in the quality of bookkeeping, and rebrand it as your own.