Originally written by Timothy Adler on Small Business
Crunch, the Brighton-based online accountancy service, plans to roll out its new freelance network to accountants as well as bookkeepers.
Until now, Crunch has employed 50 accountants in-house at its office.
Around 11,000 customers pay monthly to subscribe to Crunch’s online accounting platform.
Founder and CEO Darren Fell cites Crunch’s consistency of service, as well as being to pay monthly platform rather than being hit by a nasty accountant’s bill at the end of the tax year.
Speaking to customers, the Crunch team realised there was a need for freelance bookkeepers as small business owners are too overwhelmed to keep up with bank reconciliations.
So far, 20 freelance bookkeepers have signed up and Crunch plans to grow to 100 within two years.
The company believes this freelance push will help it grow by another 20pc next year.
This follows a substantial runoff growth with revenue of £9.4m in 2017/18, a 16pc increase on 2016/17 and 11pc growth to £10.3m in 2018/19.
Crunch’s platform
Crunch’s platform helps accountants compile VAT payments, expenses and year-end accounts – all compatible with the Government’s Making Tax Digital initiative.
Remote working bookkeepers will be allocated jobs and have controlled access through Crunch’s new practice management system, which was