Advisory starts with Compliance: How to use Compliance to drive Advisory Services

In this webinar Paul Lodder will talk through the key areas of Compliance work that will drive advisory services:

Data Insights: Compliance work involves data collection and analysis. Accountants and bookkeepers can leverage this data to gain valuable insights into a client's financial health and performance. By delving deeper into the numbers, they can identify trends, anomalies, and opportunities for improvement.

Risk Mitigation: Accountants and bookkeepers can use their expertise to proactively identify and mitigate financial risks, helping clients avoid potential pitfalls and make informed decisions. With technology it is possible to provide real time insights and recommendations.

Strategic Planning: Armed with a strong foundation in compliance, accountants/bookkeepers can collaborate with clients on a more regular basis to develop strategic financial plans. These plans go beyond basic financial statements and focus on long-term goals, growth strategies, and financial stability. Real time data collection can result in real time reporting. 

Technology Integration: Embracing technology is essential for streamlining compliance work and providing real-time data access. Advisory services also includes tech advisory that can be an income stream.