Bookminders

Bookminders
Company type
Privately held company
IndustryAccounting
Founded1991; 35 years ago (1991)
FounderTom Joseph
Headquarters,
Area served
United States
ProductsOutsourced bookkeeping
Number of employees
85
Websitewww.bookminders.com

Bookminders is an American accounting company that provides outsourced accounting and bookkeeping services for medium to large-sized businesses and nonprofit organizations, using a home-based workforce.[1] It is headquartered in Pittsburgh.

The company traces its origins to Steele Financial Services, founded by Tom Joseph in the 1980s to provide flexible work opportunities for women needing work-life balance. Inspired by his sister Diane's effective use of an Apple IIc computer from home, Joseph envisioned a tech-based, flexible bookkeeping model. Although Steele Financial Services closed due to technological limitations of the time, the concept laid the groundwork for Bookminders. Founded officially in 1991, Bookminders was designed to offer affordable, high-quality outsourced bookkeeping for small businesses, while also providing meaningful part-time work.

The company developed the concept of the "Cottage Corporation."[2][3] A Cottage Corporation has its employees working from home and its corporate headquarters in an office building, unlike a home-based business, which has its main office in a home.

Bookminders has been featured in media outlets including the Philadelphia Business Journal,[4] Pittsburgh Business Times,[5] The Pittsburgh Post-Gazette,[6] The Daily Record,[7] Austin Business Journal,[8] Smart Business Network,[9] MSN Money,[10] KXAN,[11] TEQ,[12] Intuit Advisor Spotlight,[13] Accounting Today[14] and The Wall Street Journal.[15]

History

In 1991, Tom Joseph founded Bookminders[16] with the idea that he could attract top-tier talent if he offered a flexible work environment. It is a concept he devised when implementing an accounting system for his father's business after the Joseph’s family business lost their bookkeeper in 1984. Tom, who had early exposure to Apple computers in his job at Westinghouse, bought an Apple IIc computer along with accounting software and formed Steele Financial Services. The original idea of having his uncle run the system was a failure, but Tom’s sister Diane was able to grasp the new technology and agreed to take on the role if she could work primarily from home. Tom and Diane transformed a lengthy process into one that took only a few hours, completed mostly from her home office. In an era before the internet, this was a radical concept. Despite this initial success, the idea was not scalable given the lack of internet infrastructure and led to the closure of Steele Financial Services.

Over the next seven years, Tom continued his career in factory automation.

When Tom launched Bookminders in 1991, he enlisted the help of Diane’s twin sister, Lynne.[17]

Over the years, the company transitioned from using floppy disks and shared email accounts to a customized, cloud-based platform that supported remote work long before it became mainstream.[17] Today, Bookminders is a provider of outsourced bookkeeping for nonprofits and mid- to large-sized businesses.[17]

A focus on building resources tailored to non-profits and small to mid-size businesses, along with the opening of the Philadelphia office in 2006,[16] led to Bookminders’ emergence as the premier outsourced bookkeeping service in Pennsylvania. Over the next decade, its innovative concept and in-demand services resulted in the launch of two additional locations: a Cherry Hill, New Jersey office[18] and Eastern Maryland.[19] The strong, employee-centric culture and remote opportunities attracted an influx of staff. Finally, with an abundance of resources and growing demand, Bookminders expanded its footprint beyond the Eastern United States with a Central Texas location in 2022[20] and Indiana office in 2024.[21]

Recognition

Bookminders was recognized by the Pittsburgh Business Times in their "50 Best Places to Work" listing, honored by the Pittsburgh Human Resources Association for their employment model,[22] and presented with the "Balance Award - Company of the Year" by the American Society of Women Accountants.[23] They were also recognized as "Pennsylvania Home-Based Business Champion" for outstanding performance by the U.S. Small Business Administration and among Pittsburgh's 100 Fastest Growing Private Companies by the Pittsburgh Business Times in 1997, 1998, 2000, 2001, 2002, 2003, and 2004. The company was named the Pittsburgh Post-Gazette's #2 Top Workplace in 2022[24] and 2023,[25] securing the #1 spot in 2024.[26] In 2024, The Daily Record celebrated the company as one of its Empowering Women honorees.[27]

CEO Jessica Minkus was named the Pittsburgh Post-Gazette's Top Leader in the Top Workplaces Awards in both 2022[28] and 2024.[29] She was honored by Smart Business Magazine's Smart 50 Awards[30] and the Pittsburgh Business Times's C-Suite Awards in 2023.[31]

References

  1. ^ "Bookminders Inc. - Pittsburgh - Pittsburgh, Pennsylvania".
  2. ^ May, Steve. "And the Winners Are". Pittsburgh TEQ. Pittsburgh Technology Council. Retrieved 15 August 2022.{{cite journal}}: CS1 maint: deprecated archival service (link)
  3. ^ Smith, Laura. "Bookminders' Cottage Corporation" AccountingCrossing. Retrieved 15 June 2012
  4. ^ Curry, Jennifer. "Financial outsourcing company Bookminders comes east" 23 October 2006 Philadelphia Business Journal. Retrieved on 11-22-2011.
  5. ^ "Bookminders looks to e-commerce possibilities for business growth" 11 September 2000 Pittsburgh Business Times. Retrieved on 11-20-2011.
  6. ^ "Greater Pittsburgh Best Companies to Work for 2022". Top Workplaces. Retrieved 2024-11-07.
  7. ^ Daily Record Staff (2024-08-30). "The Daily Record announces 2024 Empowering Women winners". Maryland Daily Record. Retrieved 2024-11-07.
  8. ^ "Pittsburgh-based accounting firm sets up Austin office". www.bizjournals.com. Retrieved 2024-11-07.
  9. ^ "Scouting Solutions" 30 June 2003 Smart Business Network. Retrieved 14 June 2012
  10. ^ "MSN". www.msn.com. Retrieved 2024-11-07.
  11. ^ "Why Nonprofits Partner With Bookminders". KXAN Austin. 2022-10-04. Retrieved 2024-11-07.
  12. ^ "Managing Smart Growth" Pittsburgh TEQ article by company president. Retrieved on 11-5-2011.
  13. ^ [1] PDF of Intuit Advisor Spotlight from 2002. Retrieved on 11-20-2011.
  14. ^ HighBeam.com Accounting Today article. Retrieved on 11-8-2011.
  15. ^ Sun-Sentinel.com Reprint of The Wall Street Journal article. Retrieved on 11-20-2011.
  16. ^ a b "Our Story". bookminders.com. Archived from the original on 21 April 2012. Retrieved 15 August 2022.
  17. ^ a b c Webmaster, Bookminders (2024-08-06). "Bookminders: From Concept to Trailblazer". Bookminders. Retrieved 2024-11-07.
  18. ^ Federoff, Stacey (27 December 2017). "Bookminders opens fourth office in Baltimore". Pittsburgh Business Times. Retrieved 25 April 2020.
  19. ^ "Financial outsourcing company Bookminders comes east". www.bizjournals.com. Retrieved 2024-11-07.
  20. ^ "Austin Selected as Location for Bookminders' First Office in Texas". PR.com. Retrieved 2024-11-07.
  21. ^ Bookminders (2024-09-23). "Bookminders Expands into Indianapolis, Bringing Excellence and Trust to Outsourced Accounting in the Midwest". EIN Presswire. Retrieved 2024-11-07.
  22. ^ "Ten Regional Employers Honored" 2 November 2000 Pittsburgh Business Times. Retrieved 14 June 2012
  23. ^ Bookminders.com[permanent dead link] American Society of Women Accountants’ press release citing award. Retrieved on 11-7-2011.
  24. ^ "Greater Pittsburgh Best Companies to Work for 2022". Top Workplaces. Retrieved 2024-11-07.
  25. ^ "Top workplaces 2023: A change would do you good". newsinteractive.post-gazette.com. Retrieved 2024-11-07.
  26. ^ "Top workplaces 2024". newsinteractive.post-gazette.com. Retrieved 2024-11-07.
  27. ^ Daily Record Staff (2024-08-30). "The Daily Record announces 2024 Empowering Women winners". Maryland Daily Record. Retrieved 2024-11-07.
  28. ^ "Top Workplaces 2022". newsinteractive.post-gazette.com. Retrieved 2024-11-07.
  29. ^ "Top workplaces 2024". newsinteractive.post-gazette.com. Retrieved 2024-11-07.
  30. ^ "2023 Pittsburgh Smart 50 Awards recognize region's top leadership". SBN. Retrieved 2024-11-07.
  31. ^ "Meet the 2023 C-Suite Awards winners". www.bizjournals.com. Retrieved 2024-11-07.

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