Delve into the evolving accounting and bookkeeping landscape in the United States for the year 2023. Discover the latest industry trends, explore the advantages of cloud-software solutions, and gain valuable insights that will help you effectively navigate the challenges and seize the opportunities that shape today's advisory world.
Online accounting and growth go hand in hand
Here are some of the key insights from our survey of 728 independent accountants and bookkeepers across the US.
- Practice growth showcases industry resilience :75% of practices have increased revenue and 73% have grown profit over the past 12 months.
- Advisory services strengthen client trust: 41% of practices surveyed offer client advisory services. They added more clients in the last year compared to other practices.
- Cloud adoption empowers practices: Practices that use cloud-based software saw higher staff retention (66%) and were more likely to report increased revenue and profit.
Get Xero's full State of the Industry Report here to find out more.