Accounting Consultant Meaning, Role, Pros & Cons of Hiring

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That’s good news for its client roster, which has grown steadily to include 19 of the top 20 global biopharmaceutical companies. Meanwhile, Putnam has also become the strategic partner of choice for venture-backed biotech companies, franchises, and a range of others in the life sciences space. In 2021, Putnam received numerous top honors, including being ranked by Vault as the #1 Consulting Firm for Health and Wellness. While the firm offers a wide range of consulting services, it is best known for its work within banking and financial services. In fact, it serves more than 80% of the world’s largest 100 financial institutions – and in 2021 it reported $2.5 billion in annual revenue.

  • Rolfe founded Keystone with the goal of creating a firm that placed service to its clients above its own interests.
  • This team of experts helps Finance Strategists maintain the highest level of accuracy and professionalism possible.
  • Consultants should be proficient in the skills their prospective employer needs and be able to quickly adapt to the processes and procedures of their new workplace.
  • 1-800Accountant offers a nationwide team of Certified Public Accountants (CPAs), enrolled agents, tax professionals, and other experts lending their expertise to a full array of accounting services.

A recent search through the archives reminded us that Accounting Today has been ranking the top firms in the profession for almost 30 years. And just a quick glance through the names on those old lists — many of them long vanished, or surviving only as an initial in a much larger conglomeration of firms — is enough to prove that change is a constant. Publicis Sapient has a fascinating history of collaboration and cross-pollination with its French parent company, Publicis, and its fellow subsidiary Sapient Razorfish.

Benefits of Hiring an Accounting Consultant

If you already are using an accounting or bookkeeping software program, it would be ideal to work with a firm that utilizes the same software. If you don’t already use a software program, the accounting firm will recommend a package. The cost of outsourcing these functions must make sense for your business based on the level of service it needs and your budget. You should expect to pay more for accounting services as a business than you would as an individual because there are more functions to perform. Although it is powerful and effective, it doesn’t sync with industry standards such as QuickBooks or Xero. The other downside is that its services don’t include bill pay, sending invoices, or writing checks.

The Big Eight consisted of Arthur Andersen, Arthur Young, Coopers & Lybrand, Deloitte Haskins and Sells, Ernst & Whinney, Peat Marwick Mitchell, Price Waterhouse, and Touche Ross. With Practice Forward content, tools and guidance, you can expand into advisory services, improve margins, drive growth, and elevate client service. Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). An ongoing survey by Indeed shows that the average salary for accounting consultants in the United States is $78,960 per year (as of April 2020). Discover how to grow your accounting practice and become a next generation firm through high value advisory services with Practice Forward.

Find the top consultant for your next big project.

There may be additional training or education to help you specialize in a particular type of consulting, but there are also other considerations that require some forethought. Choose from a variety of easy-to-use accounting consultant resume templates and get expert advice from Zippia’s AI resume writer along the way. Using pre-approved templates, you can rest assured that the structure and format of your accounting consultant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

The 5 Best Online Accounting Firms for Small Business

The key is understanding your accounting needs and the value of having someone from outside your business fulfilling those functions. Even the most expensive firm on this list is probably less costly than hiring someone to perform them in-house. Bench Accounting was launched in 2012 for the sole purpose of serving the bookkeeping needs of small businesses for both cash basis and accrual basis reporting. It’s now the largest bookkeeping service, with in-house professionals doing the bookkeeping for more than 11,000 business owners, which is why we chose it as the best accounting firm for bookkeeping services.

Lobusch Consulting

Spun off in 2013 from an earlier corporation, SAIC has spent the better part of the last decade leading the charge to bring the benefits of deep engineering expertise to government and civilian clients. The IT services brought to life by this firm include top-tier cyber, cloud, and enterprise IT service delivery. Now based in New York City, much of the firm’s success stems from its unique culture of hard work and zealous employees. As a result, McKinsey’s alumni pool has generated the greatest number of Fortune 500 CEOs. The consulting firm opened its first international office in London in 1959 – and has expanded steadily since.

What are the best companies for accounting consultants?

Bridgespan was founded by Thomas Tierney, formerly Managing Director of Bain & Company; Harvard Business School professor Jeffrey Bradach; and Paul Carttar, formerly a Vice President at Bain & Company. Over the how to account for partial disposals subsidiary to associate years, the organization has received substantial support from Bain, with whom it has maintained a close relationship. The firm’s commitment to client relationships is only matched by a commitment to its people.

To gain insight into which firm might best suit your lifestyle and professional goals, schedule a one-hour session with one of our consulting coaches. While the firm offers far more than just accounting services, it does have a finance/accounting division. Having analyzed millions of data points from clients and consultants from across the country, meet the top consulting firms specialized in Accounting consulting services for the year 2021.

The services offered include helping companies identify, measure, and manage operational and technology-related risks as well as providing internal audit services, technologies, and skills for business risk management throughout the world. Headquartered in Menlo Park and San Ramon, California, Protiviti boasts a clientele that includes over 60% of Fortune 1000 and 35% of Fortune Global 500 companies. British-Dutch multinational professional services network KPMG International Limited, often shortened to KPMG, is well known as one of the Big Four accounting organizations. It operates as an extensive network of firms in 145 countries with an employee base of more than 236,000. KPMG’s three primary lines of services cover financial audit, tax, and advisory concerns, with its tax and advisory services further divided into a number of specific service groups.


That’s why we offer opportunities to build your skills and explore your career in a collegial environment. At Moss Adams, you’ll be challenged and rewarded for leadership, technical excellence, and inspired perspectives. Explore trends to help improve health care outcomes and deliver on the promises of the life sciences. Read our white paper, How accountants work from home successfully, to discover specific steps you can take now, along with insights into how you can effectively manage your business remotely.