Our consulting services courses are led by seasoned experts that teach you how you can best serve your target clients. With various content formats available 24/7, you can take our consulting services CPE courses whenever and wherever it makes sense for you. CPAs, you know you’re required to earn a set number of Continued Professional Education (CPE) credits each year to maintain your license.

Economic disruption can magnify the crucial aspects of your advisory-centric relationships. As the economy suffers, and businesses fight to stay in business due to social distancing and quarantines, more and more business owners will expect assistance. As clients seek more answers and more guidance, the demand for accounting consultants increases as well. A consulting gig is typically temporary, designed to help your client with a specific problem or situation, such as determining which entity type is the best for their new venture. You would consult on that, offering an analysis from an accounting and tax perspective, based on the business, the client’s goals and objectives, and specific needs. Once the client has chosen an entity structure, your consulting job is done.

  1. You can work out any problems or issues with your client directly without involving a third party.
  2. The food and beverage industry is experiencing opportunities and challenges like never before.
  3. Evolve your digital transformation with the power of real-time insights, end-to-end visibility, and scalable solutions.
  4. If you’re wondering how to transition into accounting consulting, you’re in good company.
  5. Do you want to work with your existing accounting clients, or attract new clientele?

Completing one of Becker’s Consulting Services Libraries would satisfy these requirements and bring you closer to where you want to be in your consulting work. Even if you don’t have a CPA license, investing in yourself and building your skillset through consulting-focused courses is the perfect way to show your firm that you’re committed to learning and growing within https://intuit-payroll.org/ your role. You might be interested in a particular field within your consulting practice but haven’t had a chance to explore a niche. You also might say, “I know exactly which industry and area I want to focus on,” but aren’t sure how to make that transition. In either case, know that you have options on how to gain skillsets and industry knowledge on the job.

By Industry

High tech companies face a number of issues and obstacles in today’s changing global landscape and strive to pursue innovative solutions to address today’s challenges. Marcum’s Agency Services Group provides professional services exclusively for talent agents, literary agents and authors. For over 30 years, we have provided financial and operational know-how to organizations who are committed to making the world a better place.

What is accounting consulting?

Explore findings from the Deloitte AI Institute’s report, tracking generative AI trends, business impacts, and challenges throughout 2024. By combining engineering talent with business insight, Deloitte Engineering builds software and products that can create new enterprise value. The survey also compared annual accounting consultant salaries by geographic and metro regions. For example, a CPA consultant’s average salary in New York City is $106,000 per year, while in Bethesda, MD, the annual salary averages $74,000.

They deliver real-time, predictive insights on enterprise performance, uncover revenue opportunities, keep the company compliant, and create quality user experiences. When operating at their best, finance teams close the books on demand, run seamless procure-to-pay processes, automate order to cash, and enable smarter decision-making. An accounting consultant is a professional who advises clients on how to run their businesses effectively and efficiently.

Or, if you work for a large organization, you most likely use different software than smaller companies do. The niche you want to enter may require you to learn a particular type of software (QuickBooks, Xero, Intacct) or brush up on other skills such as workflow management. Getting started can be as simple as merely getting your name out there to your existing clients and referral sources or as complicated as starting a business an overview of excise tax from the ground up. Becoming an accounting consultant takes a special set of skills beyond your technical accounting expertise. Technical skills aren’t necessarily the divide between a great consultant and a mediocre one. Passion, drive for excellence, leadership, communication skills, and organizational skills – in addition to your knowledge – play a big role in how successful you will be as an accounting consultant.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see /about to learn more about our global network of member firms.

As the world’s largest consulting organization, we can help you take decisive action to achieve sustainable results—engineering advantage across your enterprise. Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). An ongoing survey by Indeed shows that the average salary for accounting consultants in the United States is $78,960 per year (as of April 2020). Traditionally, the nature of accountancy means that you collect historical information and data and report on it. When working as an accounting consultant, you can take your expertise a step further.

Their expertise in analyzing financial data, developing strategic plans, and managing financial risks is highly valued across industries. Having a contract or engagement letter will protect you in the event of a lawsuit. Your contract or engagement letter should include items such as fees, out-of-pocket expenses, and the timeline and scope of the work to be performed. Also, keep in mind that some prospective clients may request a proposal prior to entering into any type of legal agreement. No matter how complex your business questions, we have the capabilities and experience to help you transform what’s next into what’s now.

It Could be You: Understanding Post Issuance Bond Compliance Policies and Responsible Parties

Providing strategic advice while ensuring compliance with rules and regulations is a delicate balance. Deciphering complex financial data and identifying potential issues or opportunities is critical to the job. With regulations, standards, and technology constantly evolving, accountant consultants must stay updated. This necessity for lifelong learning can be challenging but crucial for continued field success. Accountant consultants bring a high level of expertise, often reflected in their income.

Accounting consultant job description

Your comfort level with networking and asking for business will impact your ability to find clients. Make sure you have business cards and set up your own database of contacts or use LinkedIn. Think about who’s in your local network to reach out to (for example, professional membership or religious organizations, chambers of commerce, Business Network International, etc.). “It’s a consultant’s market,” said Don Plato, vice president at Robert Half Management Resources.

Their insights can influence business decisions, strategies, and growth plans. Consultants should be proficient in the skills their prospective employer needs and be able to quickly adapt to the processes and procedures of their new workplace. With Practice Forward content, tools and guidance, you can expand into advisory services, improve margins, drive growth, and elevate client service.