The concept of Bookminders came about in 1984 when Tom Joseph needed someone to run the accounting system he installed for the family business. His sister would only do the job if she could do most of the work from home.
At that moment, Tom realized that there would be growing numbers of talented, educated professionals who wanted to work, but had family commitments that wouldn’t support a 9 to 5 schedule. With an engineering degree from Carnegie Mellon University and a background in factory automation, Tom Joseph began to formulate his concept for an outsourced bookkeeping business.
A critical element in Bookminders design came from a 60 Minutes segment. “I was inspired by a story featuring Lincoln Electric, a leading producer of welding equipment. Lincoln developed a unique incentive system that resulted in high quality and employee satisfaction.” As a result, Tom developed Bookminders’ incentive-based compensation system.
The simple idea of utilizing a home-based workforce turned into a great place to work when Bookminders was launched in 1991. The employment model appeals to accountants who traditionally struggled to achieve work-life balance. Over the past 25 years, Bookminders has grown to be an industry leader in outsourced bookkeeping and is Pennsylvania’s premier bookkeeping service.
In 2004, Bookminders was recognized by the American Society of Women Accountants as Company of the Year for demonstrating a commitment to work/life balance and in 2005 was named the Pennsylvania “Home-based Business Champion” by the U.S. Small Business Administration. The Philadelphia office of Bookminders opened in 2006.