Insights

Collaborative Accounting

Many companies are promoting collaborative accounting to facilitate a tighter relationship. Collaborative accounting enables accounting professionals and clients to work collaboratively on the same data at the same time from anywhere in the world - all enabled by cloud computing.

According to a CPA Practice Advisor article, a properly done collaborative accounting offering should provide:

  • High client value
  • High profitability
  • Balanced work load over most of the calendar year
  • Repeatable monthly revenue that can be performed by non-certified staff
  • Increased client retention
  • Increased value of your firm
  • Less tax deadline based work
  • Easier business tax return preparation
  • Increased client consulting engagements
  • More flexibility to you as a firm owner/partner

With approximately 300 accounting software products sold in the U.S. market, an effective solution must be available in the cloud. Vertex Inc.'s cloud-based sales and use tax automation solution is a perfect fit for small to medium-sized businesses,  saving you time and money.

For a list of products and for more information on this article, please click here.

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