Online accounting and growth go hand in hand
Here are some of the key things we found when we surveyed more than 250 Xero accounting and bookkeeping practices across Canada to gauge their practice performance.
Firms delivering advisory services – working with clients on cash-flow forecasting, budgeting and planning – are the most in demand by clients and increase practice revenue and income.
Repeatable advisor and compliance practices report the highest rate of revenue growth with strong growth across all three practice types.
In the last 12 months, firms focusing on compliance services are growing faster (15%) than repeatable advisory (12.6%) and complex advisory (7.9%) firms.
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