What Is Advisory Accounting And What Is The Impact On Your Business?

Accounting is the science responsible for studying financial phenomena, their variables and, consequently, their impact on companies' equity. The accountant is the professional responsible for diagnosing and predicting the health of a company. Accounting is certainly the pillar that supports and structures a business.

Many people see the accountant as a customs agent, who only delivers the ancillary obligations and fulfills legal formalities. But that's the past! Accountants took a new stance on the financial management of companies. Today they provide consultancy and support so that they are not only regularized, but also grow and succeed!

This new methodology used that has been transforming the market is called Consultative Accounting.

What is Advisory Accounting?

Consultative accounting, in a nutshell, is nothing more than the most frequent interaction between the accountant and the entrepreneur. It has the duty to monitor the development of a business, so that the professional understands the real needs of the entrepreneur and is able to help him in decision making, promoting assertive solutions over time.

 

Consultative accounting in practice

Advisory accounting works as a two-way street. The customer has a duty to provide information on the progress and movement of the company. Together, the accountant has the duty to follow the numbers and promote action plans according to the needs of your business.

 

The accounting professional needs to think about strategic methods and management techniques so that the contact with the customer is as dynamic as possible. Thus, it will be able to promote the analysis of movements and generate indicators that will serve as a planning strategy.

With this in mind, the offices are investing in the outsourcing of business processes, using management tools that make it possible to get closer to customers and make it practical to receive information, also known as Financial BPO .

When working with the Financial BPO, there is an integration of all the company's financial processes for accounting. The fact of dealing directly with the financial control of the client's company demonstrates mastery of numbers and all internal processes.

Success Checklist

Considering consultative accounting as a great management resource, guaranteeing profitability, care, analysis and even a possible reduction in the tax burden, it is ideal for you to make the right choice of the professional or accounting service that will take care of your company.

Very low-priced accounting often provides services with little quality and almost no personality. If you want to have constant monitoring, updating and status about your company, be aware that prices can vary.

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