How Client Accounting Services Are Redefining the Role of Accountants in Business Growth
Description
In this episode, the hosts, Tom Wadelton and Adam Hale, introduce a discussion on the evolution of Client Accounting Services (CAS) and advisory services within accounting firms. Tom and Adam explore the differences between traditional accounting practices and the more corporate-like structure of mature CAS practices. They emphasize the importance of leveraging resources, delegating tasks, and focusing on advisory roles rather than traditional compliance work. The episode also highlights the benefits of a subscription-based model for advisory services and the need for regular client meetings to manage expectations and prevent scope creep.