There is an understanding that bookkeeping and accounting firms need to move towards providing and growing the value-added services they offer their business clients. But what are value-added services, really? Businesses will always need tax, audit, and compliance work, but there is much more to be offered.

Fiscal Management is always future driven and the goal is to increase the rate of return for the business through leveraging assets, strategic planning, and increasing efficiency. Traditional services tend to look at historical reports, like last month’s P&L and Balance Sheet. These do give us a good idea of what has been going on, but now with cloud technology we have access to real-time data to understand what is happening now. We can use that information to plan for future growth, risk, and opportunities.