Is the accounting industry about to experience a ‘blue wave’ of recurring revenue generated by business advisory services?

Is the accounting industry about to experience a ‘blue wave’ of recurring revenue generated by business advisory services?
April 4, 2019 admin

As technology continues to disrupt the revenue calendar of accounting practices we are predicting a new trend will emerge. That is, accountants will actively seek new ways to replace declining revenue from core ‘red’ accounting, tax and compliance services.

The trend is offering your business clients three distinct, fee for service packages supported by sounding board services centred on profit, cash flow and value improvement:

  • Cloud Accounting;
  • CFO Program;
  • Board of Advice Program.

These packages complement each other. The first establishes accurate financial reporting, the second improves profit and cash flow, the third positions you as your client’s strategic advisor to grow the value of their business.

An additional benefit is the Cloud Accounting and CFO Programs create leverage in your practice as they are delivered by Supervisors and Managers to your small business and SME clients.

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