Some of the most common services that accounting consultants offer include: Financial forecasting. Financial health evaluation and recommendations. Year-end financial statement preparation.

Accounting consultants help you understand what the various reports mean, and how the data you're seeing affects your company. Accounting consultants help with a number of tasks related to accounting services: financial forecasting. analyzing financial statements. determining the profitability of your business.

Accountants usually have the experience and knowledge to design complex tax strategies. Consultants usually have the ability to design basic tax strategies, but they have more extensive skills in financial planning and investment.

Consultants must have several years of experience working in the business world in addition to their education before they can start their own consulting firm or be hired by an established company. Accountants must have a bachelor's degree in accounting or a closely related field.