Accounting & bookkeeping ‘State of the industry’ report

Get a pulse on the US's 2023 accounting and bookkeeping landscape. Uncover industry shifts, explore cloud-software benefits, and gather crucial insights to navigate the challenges and opportunities defining today’s advisory world for your practice.

Cover of the State of the Industry report PDF.

Online accounting and growth go hand in hand

Here are some of the key insights from our survey of 728 independent accountants and bookkeepers across the US.

Practice growth showcases industry resilience

75% of practices have increased revenue and 73% have grown profit over the past 12 months.

Advisory services strengthen client trust

41% of practices surveyed offer client advisory services. They added more clients in the last year compared to other practices.

Cloud adoption empowers practices

Practices that use cloud-based software saw higher staff retention (66%) and were more likely to report increased revenue and profit.

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This report will help you

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    Understand key shifts

    Equip yourself to make data-driven decisions and position your practice at the forefront.

  • Tick

    Maximize cloud benefits

    Unlock the potential to enhance efficiency, client engagement, and service delivery in the digital age.

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    Turn insights into action

    Turn challenges into opportunities for growth and steer your practice towards greater success.

Get the report

Fill out the form to have a copy of the report emailed to you.

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Join the Xero community of accountants and bookkeepers. Collaborate with your peers, support your clients and boost your practice.