By Hitendra Patil
Accountaneur: The Entrepreneurial Accountant
Before we get to why firms can’t miss out on CAS, we need to know why business owners buy accounting software, even when their core business is not accounting.
MORE: Who’s Afraid of Client Accounting Services? | What CAS Is … and Is Not | How to Develop the CAS Mindset | The Right Mindset for Client Accounting Services | Client Accounting Services: The Definitive Guide
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In the years before the internet, accounting software was only desktop software. Businesses used it to run their business processes – to issue checks, record income and for some other processes. Business owners predominantly did transactions processing, leaving the financial accounting – and compliance – to professional accountants.