BONUS: A case study of how NOT to do things.
By Penny Breslin
It’s Not Just the Numbers
Accounting businesses have historically provided a range of “after-the-fact” compliance services including year-end accounting and tax return preparation. Many firms also provide “write-up” services, which involve the recording of business transactions based on documents generated by the client, such as invoices, checks, deposit slips and documents provided by third parties, such as bank statements and payroll reports. Write-up work is typically done once a month, after the fact.
MORE: AI Is Not Your Enemy
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Today, major innovations in technology are giving accountants the opportunity to expand their services and to provide much more comprehensive, timely and useful information to their clients.
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