Payroll and Bookkeeping Services Market Scope
Payroll services include the action of calculating and distributing paychecks to employees on payday, the financial records of employees such as salaries, wages, Bonuses, withheld taxes, deductions etc., and the amount of money a company pays its employees. Moreover, bookkeeping is the recording, storing, and retrieving of financial transactions for an individual, company, or nonprofit organization.
The market study is being classified by Type (Payroll Services and Bookkeeping Services) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Payroll and Bookkeeping Services market throughout the predicted period.
Intuit, Inc. (United States), Paychex (United States), KPMG International (Netherlands), ADP, LLC (United States), SurePayroll (United States), Paycor (United States), Hogan – Hansen (United States), SLC Bookkeeping Services (United States), Volpe (United States) and Kmetz Financial Group (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Affordable Payroll & Bookkeeping Services Inc. (United States), MAVENTRI (United States), Maxim Liberty, Inc. (United States) and Profit Matters Bookkeeping (United States).
AdvanceMarketAnalytics has segmented the market of Global Payroll and Bookkeeping Services market by Type, Application and Region.
On the basis of geography, the market of Payroll and Bookkeeping Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 10 Oct 2019, PrimePay, LLC announced that it completed the acquisition of the assets of Interlogic Outsourcing, Inc. (IOI). Based in Elkhart, Ind., IOI provides online payroll and human resources services to its clients across the nation. The asset acquisition was permitted by the U.S. Bankruptcy Court following IOI’s August 2019, bankruptcy filing. Along with the existing client base and employees, PrimePay will also be acquiring the organization’s intellectual property and a portion of its physical property.
- Automation in Payroll Services
- The Rising demand for Outsourcing Services Owing to the Owners Core Focus on the Businesses
- The Growing Demand for Payroll & Bookkeeping Services from Various Industries
- The Exponential Growth among the Developing Nations
- Payroll Fraud & Other Issues
Key Target AudiencePayroll & Bookkeeping Service Providers, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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