Once a business becomes the client of an accounting firm, the firm, as part of their policy and procedure, simply takes over their payroll. According to the detailed statistics, during the last seven years, there are some interesting trends in payroll services.

Comparing the monthly/quarterly/yearly statistics of firms across the country, where some did payroll in-house and others did not, the firms that handled payroll check-writing for their clients consistently increased their gross revenues by 30% and up. It is only natural for business clients to have their own accounting firm handle the whole job. The firm just needs to make payroll as part of their package of services and they’ll increase revenues by more than 30%.

As a certified public accounting office in the Midwest told us during the first year of working with them, we made them aware that “payroll processing will create additional value” within their firm. They listened and started a payroll division. In 18 months, their program generated $8,464 of new monthly payroll billing. They now have a payroll processing business that exceeds $13,600 per month ($163,200 in yearly billings) and is growing each year.