Today’s accounting industry is different than yesterday’s accounting industry. Are you keeping up or falling behind with every change? Between new regulations, an up and down economy, and even the shift in client expectations, it may seem impossible to stay afloat, much less get ahead.
So here’s 5 simple ways to set you a part and continuously improve your accounting practice in an age of constant change:
- Nurture good client relationships
Maybe you’re thinking “I don’t have time for that,” but the truth is there’s nothing more important than client relationships. It’s important to take the time to create genuine relationships with your clients. A poor review or poor experience has the power to cause a long term ripple effect, ultimately driving customers away before they even step into your office. Nurturing positive relationships will help grow and sustain your business retention rates. Learn about your client’s goals and communicate how you can help them get there. That brings us to the next point…
- Be an ‘advisor’ not just a ‘financial recorder’
You’re a financial expert, so act like one! In a business of high competition and even higher expectations, you must shift your business approach from reactive to proactive. Think, “How is this business approach going to work for me in the long run?” Adopting modern technologies, like automated data entry solutions, will eliminate time consuming challenges like manual data entry (which we all know costs you the most time). Use this time saved to take a deeper dive into your client’s data. With modern solutions you have the power to dominate your bookkeeping projects while growing your business and providing your clients with proactive services. This will build trust and keep them coming back for more.
- Try new technologies
Working in a world of constant growth and change, you must learn to quickly adapt or risk the chance of being left behind. Educate yourself in today’s accounting technology solutions. Take the time to research and implement technologies that support your business. Implementing new technologies means increased productivity, sales, and faster, smarter decisions for your business. And it’s not a one-time thing, make the effort to consistently improve and grow your business solutions. In our fast paced world, what works for you now doesn’t mean it’s going to help you five years from now. Keep up and stay informed.
- Make more time
Time is money, right? Now this doesn’t mean you have to work overtime or lose your beloved weekends. Use the time you do have – wisely. As I previously mentioned, proprietary automated data entry solutions are the simplest and easiest way to make more time in your business. With proprietary solutions you have the ability to automatically enter, categorize and ensure the accuracy of hundreds of documents at once. Automated data entry solutions are proven to save you 90% more time. Stop spending all your time manually entering data, matching data and checking and rechecking your bookkeeping projects for accuracy. Automate your accounting practice in a single process and spend the time you do have – growing your business.
- Produce trustworthy and quality work
Data accuracy can be the single most important trait of your business. A single discrepancy can mean major problems for your client. And how does that make you look? Produce trustworthy and quality work for your client – without a doubt. Try advanced technologies like ScanWriter, from Personable Inc., to automatically ensure data accuracy. Through proprietary features such as Check Balance, Direct Mapping and Color Coding, you’ll never have to think twice about the quality of your work – all while saving more time.