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Payroll & Bookkeeping Services in the US Product Image

Payroll & Bookkeeping Services in the US

  • Published: December 2013
  • Region: United States
  • 32 Pages
  • IBISWorld
On the books: Demand for outsourcing will return, but sustained unemployment will limit growth

Base value: Demand for industry services will return, but sustained unemployment will limit growth

Payroll & Bookkeeping Services in the US

The recession caused unemployment to rise, reducing client payrolls and causing more businesses to go bankrupt. In turn, this movement reduced the pool of clients that once required payroll and bookkeeping services. Consequently, IBISWorld estimates that revenue has declined for the Payroll & Bookkeeping Services industry. However, as the economy recovers in the five years to 2018, many businesses that brought payroll and bookkeeping in-house, will begin to outsource once again and focus on core competencies. Furthermore, while an improving labor market will provide the industry with a platform for growth, given the rising number of businesses and employees, the overall trend in unemployment will temper this gain.

Operators in this industry provide outsourced payroll services for clients' employees and basic bookkeeping services are also included. However, this industry does not include tax preparation companies or certified public accountants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

MAJOR COMPANIES.

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