In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about how much their CAS/OA revenue grew over the past 12 months.
The following is an excerpt from our report, The State of Client Accounting Services and Outsourced Accounting.
In the past 12 months, by how much did your CAS/OA revenue grow? (Percentage)
For outsourced bookkeeping/accounting firms, revenue from CAS/OA is extremely core -- a huge part of their annual revenue. For a CAS/OA team within a CPA firm, the revenue contribution may not be so mission-critical.
That said, participants did have a handle on the 12-month trailing revenue growth rate for their CAS/OA team.
Participant firm’s most often (19.57%) see a 30%-39% annual CAS/OA revenue growth rate.
The next most common (17.39%) CAS/OA revenue growth bracket was 10%-19%.
And 1-9% and 20%-20% ended up with a tie for third place (13.04% each).
So piecing that all together, nearly two out of three participant’s firms (63.04%) have a CAS/OA annual growth rate between 1%-39%.
And just over one third (34.79%) has a CAS/OA annual growth rate of 40% or more.
In this article, you’ve learned how much CAS/OA revenue grew over the past 12 months for participants in Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms.
How does this survey data compare with your client accounting services or outsourced accounting firm? Tell us more in the section for comments below.
To learn the answers to all 30 questions asked in the survey, download your free copy of The State of Client Accounting Services and Outsourced Accounting.