This is a valuable aid to assistants who are instructed to mail financial data to the client's attorney, banker, pension consultant, etc. While the information can often be found in the client's work papers, much time is frequently wasted by looking through files and work papers only to find out it's not there. Please note that this file can have multiple records per client, and therefore, it can permit you to list an unlimited number of advisors per client. A solid tax due-date list is a must. This is probably one of the main reasons for building the database in the first place.
Every firm needs to know about the accounting services it provides.
Your database can include a file which will capture such information as the types of tax forms and financial statements prepared. However, it can contain marketing and computer processing information as well. This may be the most challenging, yet the most innovative part of your database design. A Major Management Tool With an appropriate database in place, your firm will be ready to reap the benefits from your system design. First, enter a small representative sample of client data into your database.