CAS: Much More than Bookkeeping

Why not get paid for what you’re probably already providing?

By Hitendra Patil

The Definitive Success Guide to Client Accounting Services

Have a CAS question? Get it answered here.

Q: I am new to exploring CAS. I see many CAS firms offer bookkeeping. However, they are still using CAS engagements primarily for bookkeeping. Can I move forward and leverage CAS for higher-value-added business advisory services? Any advice you can share?

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A: Books are the foundation from which you can derive insights and advice. Bookkeeping is a process that prepares you for higher-level, higher-value advisory work. Bookkeeping and outsourced accounting services are components of a full-scale CAS practice.

There are only three main categories of CAS offerings:

Posted on November 16, 2022

Hitendra Patil

About the Author

Hitendra Patil is the president of the Global F&A and CPA outsourcing services unit of Datamatics Business Solutions, Inc., a global provider of outsourced accounting, bookkeeping, finance, tax preparation, audit & assurance, payroll and demand generation & data services.

He is one of the profession's leading authorities on accounting technology, accounting firm innovation, and client accounting and advisory services (CAS / CAAS) and among the Top 100 Most Influential People in Accounting, the Top 10 Accounting Influencers to Follow on Social Media, and the Top 100 Accounting Social Media Leaderboard.

He is the best-selling author of
“The Definitive Success Guide to Client Accounting Services.”

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and
"Accountaneur: The Entrepreneurial Accountant."

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For over 20 years, he has worked exclusively for the accounting industry, leading several functions, including accounting, payroll, tax, and advisory services and technology solutions used by professional accountants.

He is a regularly published author in many leading publications in the United States accounting profession. Accountants have bought his best-selling books in 12 countries across five continents. He frequently provides fresh thought leadership and actionable insights to the accounting profession about CAS/CAAS, practice growth, entrepreneurship in accounting, and emerging technologies, such as artificial intelligence, machine learning, blockchain, and cybersecurity.

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Patil's newest book is, "Rise of The AiCCOUNTANTS: The What, Why, and How of Artificial Intelligence – Exclusively for Accountants.”
Available here

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