{"id":109394,"date":"2023-03-12t13:50:30","date_gmt":"2023-03-12t17:50:30","guid":{"rendered":"\/\/www.g005e.com\/?p=109394"},"modified":"2024-08-07t23:09:35","modified_gmt":"2024-08-08t03:09:35","slug":"review-your-cas-when-what-how","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/03\/12\/review-your-cas-when-what-how\/","title":{"rendered":"review your cas: when, what, how"},"content":{"rendered":"

\"\"<\/a>weave the review actions right into your processes.<\/strong><\/p>\n

by hitendra patil<\/i>
\n
client accounting services: the definitive success guide<\/i><\/a><\/p>\n

why review your client accounting services offering periodically?<\/p>\n

more: <\/b>be serious about ai, not amused<\/a> | how to offer proof to cas prospects<\/a> | how to market cas to existing clients<\/a> | 12 cas profitability killers<\/a> | how weekly cas reports help businesses<\/a> | cas: much more than bookkeeping<\/a>
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most accounting firms ultimately optimize their internal processes and resources that produce their services. the measurement of such optimization is the profitability of the firm. when firm owners\/partners feel the pressure on profitability, it is natural for them to measure the factors that contribute to profitability, and the cost thereof.
\n
\nyou can measure the performance of your cas offering in similar ways. but there is a difference that makes cas performance measurement processes somewhat unconventional. it is not just for the cost and profitability parameters you will measure, but because cas is about outcomes your cas clients (are supposed to) receive\/experience, measuring the “promise fulfillment” of cas is a necessity. and if you do not do it periodically, at pre-decided intervals, it can be challenging to course-correct when it is too late.<\/p>\n

cas as a revenue segment will continue to evolve, especially given the pace of technological advancement, and also because of comparatively much higher levels of awareness among clients because information is so much more easily available to
\npeople (compared to let’s say about 20-30 years ago). the internet and social media make it easier for your clients and prospects to do their “due diligence” about your firm. it means cas clients’ expectations will keep evolving and changing. you would want to make sure your cas offering is, at the very least, “contemporary,” ideally “ahead of the curve.”<\/p>\n

you might feel this is true for any other service, not just cas. but think about what is the perception of your clients about “tax preparation services.” it is a highly mature service segment that is highly commoditized by technology. client expectations of what they experience as an outcome are nearly unchangeable \u2013 as low tax a preparation fee as possible, filing in time, and the peace of mind that they have not paid more than what they are required to pay. cas is still to find that unchangeable perception\/expectation level in clients’ minds, and that is a great opportunity for accountants to show the new possibilities and deliver the value.<\/p>\n

when to review<\/h3>\n

your firm’s cas performance needs to be reviewed periodically. but how frequently? when?<\/p>\n

it depends on how new you are to offering cas. because i interact with professional accounting firms day in day out \u2013 with firms that are just starting to offer cas, those that have been offering it for some months and those that have been at it for many years \u2013 i could figure out some common patterns in how firms evaluate their processes, and when. i identified one particular factor that seemed to indicate how frequently accountants review their cas processes is related to the maturity of their cas practice. i analyzed and correlated the frequency of their review to the length of time that the firms have been offering cas. as a rule of thumb, the ballpark timelines for your firm\u2019s cas performance review should be as described below:<\/p>\n