If you ask typical small or midsized accounting practices what their cornerstone applications are, chances are that they will tell you tax prep and write-up. Even with all of the businesses moving their accounting and bookkeeping in-house, write-up engagements are still the mainstay of many accounting firms' practice.Even when a client does most of their own bookkeeping, or has an in-house accounting staff, there's still a need for someone with in-depth accounting experience and knowledge - you. Even a full-time staff accountant probably doesn't have the time or inclination to keep abreast of the latest Financial Accounting Standards Board statements and Internal Revenue Service rules on depreciation and amortization. Closing and adjusting entries are another place where many accounting practices earn their keep.
And, of course, there are the scores of small businesses that simply can't afford an in-house accounting staff, or just simply don't want to be bothered with bookkeeping.
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