Accounting Industry Revenue Streams

Here we explore the differences between compliance to advisory revenue streams, and how to increase your margins in both areas. The global economy has made outsourcing to lower-wage economies for compliance work easy, and allows accounting practices to focus on delivering high-value advisory services to their clients. In this chapter you will gain an understanding of the types of revenue streams available to an accounting practice, along with ideas around how to increase revenue by offering clients high-value advisory services.