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Article: Software that makes you smarter: users increasingly want tools that make their data easier to understand.(The Business Intelligence Factor)(Comprehensive Financial Organizer )(Cover Story)
- Article from:
- Accounting Technology
- Article date:
- June 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sometimes, CPAs just can't get past the numbers. "They know financial statements, but they are scared to go deeper," says John Nix, a partner with Bates, Carter & Co., based in Gainesville, Ga.
So a CPA may look at a set of financial statements and see that the cost of goods sold is too high, but "they don't know what to do," says Nix. "They don't have a methodology for solving it."
Nix, a former president of the Georgia Society of CPAs, admits that he used to be one of those people who did not know how to help clients dig into their businesses, such as looking at a profit and loss statement, seeing that COGS was too high, and helping the client do ...