recommended: two books to read.
by ed mendlowitz
question: i’ve read that many firms are no longer using timesheets. how do you feel about that?
more: how’s your overhead? | 9 must-haves for firm growth | collect more by clearing up billing | envision your future, then plan for it | 5 ways to build teamwork
exclusively for pro members. log in here or 2022世界杯足球排名 today.
answer: there is a growing group of firms that no longer use timesheets.
the leader of this movement is ron baker, who explains his reasons and provides a model in his many books, many of which i have read and recommend.
the merits or benefits of chucking timesheets are explained clearly in ron’s books.
however, i get many more questions about realization and time charges than about pricing based on the value of the service to be provided (although i get many of these too).
ron’s method is not just about pricing but about a different model of running a practice, which i feel has significant merit and should be considered by those entrusted to manage their practices.
without endorsing or commenting on his methods and rationale i feel it is negligent for anyone managing a practice to not
- read his books,
- listen to his many webinars and
- read his prolific articles and blogs.
managing partners can only grow their practice with minds open to new ideas.
- there are two books that i feel should be read to get a better understanding of the method of running a practice without using timesheets: implementing value pricing / a radical business model for professional firms by ronald j. baker (wiley 2010) and the radical cpa / new rules for the future-ready firm by jody padar.