Internal Audit Consultant: What Do They Do & How Can They Help Your Business?

what do accounting consultants do

Benefits consulting is a type of consulting that provides advice and support on all aspects of employee benefits. This can include help with designing and implementing benefit plans, administering benefit programs, and more. Financial consulting covers various topics, from CFO services and attestation to business application identification and business process consulting.

Start to develop specific accounting consultant skills

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. Accounting consultancy is more affordable and provides expert help when needed. They help set long-term goals and manage costs, profits, and investments. With simple, clear methods, they make your records easy to manage. This keeps your business running smoothly and helps you plan for growth.

Accounting Consultant Job Description Updated for 2025

what do accounting consultants do

Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). We provide strategic CFO services for robust decision-making and proactive Accounting Periods and Methods tax planning to optimize your bottom line. An accounting consultant checks your finances to find ways to improve. In order to achieve such goals while reducing the potential for risk and implementing measures to grow more sustainably, it can be beneficial to turn to an internal audit consultant for guidance. At Deloitte, we see every challenge as an opportunity for growth. Our people combine innovation and insight to solve your toughest problems.

Key Findings Summary

  • Tax consultants are experts in providing commercially centered tax advice and tax services to wide-ranging clients who function in all sectors of the economy.
  • You may want to consult an attorney for help drafting these documents.
  • “It’s a consultant’s market,” said Don Plato, vice president at Robert Half Management Resources.
  • Our experienced team delivers risk-based and objective assurance and advice to revolutionize your internal audit department and address strategic, financial, operational, regulatory and fraud risk areas.
  • When you’re facing a complicated legal matter, it’s important to have an experienced professional on your side.

Visit our about double declining balance depreciation method SNHU page to learn more about our mission, accreditations, leadership team, national recognitions and awards. Degrees alone, however, are typically only part of the equation when it comes to preparing for a career as a business consultant. The impressive client base of Deloitte promises exciting projects as you could work with companies such as Microsoft, Procter & Gamble, Morgan Stanely or Adobe. Consultants who proactively address inflation in their pricing models — through annual rate escalations or cost-of-living adjustments — maintain profitability while demonstrating professional business practices. Give your client 3 options in your proposal, and allow them to choose their level of risk.

Understanding the Role of an Accounting Consultant

what do accounting consultants do

Remote work, AI integration, and economic uncertainty have reshaped client expectations. Consultants who adapt by offering strategic value, flexible delivery, and outcome-based pricing are better positioned to thrive in this evolving landscape. Consulting Success® strongly recommends value-based pricing for experienced consultants ready to lead with confidence. Our research clearly shows that specialists command higher fees than generalists. If you’re currently positioned as a generalist, begin developing and marketing specialized expertise in a specific industry, problem type, or methodology. Our Clarity Coaching™ Program provides exactly this type of community, where consultants support each other in making significant pricing breakthroughs.

what do accounting consultants do

Whatever your company needs or situation looks like, NetSuite consultants bring a structured approach to identifying opportunities and outlining a roadmap for bringing these discoveries to life. A high-growth SaaS company once came to Bridgepoint to help them prepare for an upcoming acquisition by a leading private equity firm. As part of the acquisition, our client was informed they had to migrate away from QuickBooks to NetSuite — and do so within just 3 months. Business consultants are relied upon by companies and corporations of all shapes and sizes, from organizations that have been around for decades to startups just getting ready to launch.

what do accounting consultants do

How can a NetSuite consultant help your business?

what do accounting consultants do

According to entrepreneur.com, accounting consultants are the number one most sought-after types of consultants. If you’re wondering how to transition into accounting consulting, you’re in good company. It’s fairly common for CPAs to become part-time or full-time consultants just prior to retirement, while others enjoy the benefits of greater flexibility and control over their schedules earlier in their careers. Another option is to consult on the side, or in between permanent jobs. Most accounting consultants stay in the world of operations and process improvement. If you’re trying to double cash flow, grow your valuation, or prepare for an exit, most accounting consultants aren’t equipped for that level of work.

If a company is expanding internationally, a what do accounting consultants do consultant might step in to assess cross-border tax implications and protect the bottom line. Using the value-based method is just as much art as it is science. You’ll have to improve your sales skills, accounting skills, project management skills, and emotional intelligence.

Firms that provide consulting and advisory services position themselves as strategic partners, not just service providers. Together, they can build stronger client relationships and open new revenue opportunities. Firms may hire consultants to restructure tax strategies, helping clients stay compliant while reducing liabilities. Others bring in specialists to automate financial workflows or conduct forensic audits to investigate potential fraud.

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