{"id":115036,"date":"2023-08-27t11:54:12","date_gmt":"2023-08-27t15:54:12","guid":{"rendered":"\/\/www.g005e.com\/?p=115036"},"modified":"2024-08-27t17:01:25","modified_gmt":"2024-08-27t21:01:25","slug":"help-your-clients-run-their-businesses-better","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/08\/27\/help-your-clients-run-their-businesses-better\/","title":{"rendered":"help your clients run their businesses better"},"content":{"rendered":"
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<\/strong><\/p>\n six ways that cas processes are different.<\/strong><\/p>\n by hitendra patil<\/i> let us focus on cas-specific processes that can give you competitive advantages. this is not<\/strong> about the technicalities of accounting processes. as a professional accountant, you already know the accounting fundamentals required to create your processes for each of the segments of the services you provide.<\/p>\n more: <\/b>set your processes apart in nine steps<\/a> | is it time for your firm to outsource?<\/a> | raise cas awareness among your clients<\/a> | which clients are best for cas<\/a> | how much can automating bank feeds save you?<\/a> | wants vs. needs: why not fill both?<\/a> | get sticky with cas<\/a> | the why behind your cas why<\/a> | who is the professional?<\/a> are cas processes different than what you have been doing till now? yes, and no. no, because the fundamentals of the experience and expertise required to produce accounting information do not change.<\/p>\n in a traditional client-accountant business relationship, the accountant produces books and financial statements and delivers them to the business owner. it is up to the business owner to interpret what books and reports mean, and (hopefully) take actions based on that meaning.<\/p>\n while this may sound too simplified a way of stating how accounting work gets utilized usually, it is more true when it comes to small businesses. but it is important because small businesses form a significant part of the total number of clients firms of almost all sizes serve. however, accountants can easily find crucial insights that can help small business owners make better and timely business decisions, and many times even avoid potential problems that can threaten the very existence of such businesses. so here are some core fundamentals in which your cas processes will be different:<\/p>\n produce and interpret:<\/strong> cas processes ensure that accountants \u201cproduce and interpret\u201d accounting information and insights so that they can effectively advise the business owners.<\/p>\n insights and business intelligence:<\/strong> cas processes cannot be good enough if you are unable to derive and deliver insights and business intelligence to your clients. this requires you to identify what are the vital insights your clients must look at periodically and lay down process steps so that you generate those insights to your clients without fail. the cas process must include standardization of the tasks required for producing the information that leads to generating insights and business intelligence. you cannot let only the partners or the most experienced people at your firm be responsible for this process. it has to be systematized.<\/p>\n frequency and timeliness: <\/strong>cas processes include more current, real-time work, e.g., weekly payables and receivables reporting and related cash flow planning. it is not about the rear-view analysis of the past to just \u201clearn lessons.\u201d it is about helping business owners take the day-to-day actions in their business processes.<\/p>\n getting the information from clients: <\/strong>your work starts after you receive information from your clients \u2013 source documents, bank statements, credit card statements, check stubs, information about unusual transactions, and so on. historically, and to some extent, even now, accountants have been chasing client information. you don\u2019t get paid until you produce work from client information. your operating costs increase because you need to follow up with clients to receive information. delay by clients in providing you the information means a delay in your revenue, causing cash flow challenges for your firm. technological advances have made it possible to fetch client information from multiple sources automatically. and that is what you want your cas processes to ensure \u2013 minimize, if not eliminate, the need to chase client information.<\/p>\n delivering information and insights to clients:<\/strong> your firm\u2019s deliverables \u2013 reports, financial statements, insights, etc. \u2013 are what clients think they pay for. in other words, there is an economic exchange. it is tactical. clients must feel and see they received something in return for what they are paying for. it is human nature. just like automating the receipt of client information, you want your cas processes to deliver information to clients automatically. again, technology makes it more possible than ever before.<\/p>\n advisory services:<\/strong> cas processes lead to an ability for accounting firms to offer advisory services. even if you do not separately charge for advisory service to your existing clients, you should still deliver advice based on insights and business intelligence. advisory services are not random musings and casual discussions about such actionable intelligence. you need a structure to package the advice. later on, you will be able to include the key common business intelligence into your marketing and sales processes. that will become the hook to get new clients to also secure the cas work from your new clients.<\/p>\n six ways that cas processes are different.<\/strong>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
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\nyes, because cas is about the outcomes<\/strong> of your work, from the clients\u2019 perspective. cas outcomes are useful, insightful, and advise clients in ways that routine, traditional reports cannot deliver. the outcomes you provide from your cas offering need to relentlessly focus on the relevance, usability and importance from your clients\u2019 point of view. compare this with general perceptions of what accountants deliver \u2013 financial statements and tax returns, i.e., more of compliance assurance rather than competitive business intelligence.<\/p>\nhow are cas processes different?<\/h3>\n
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\nby hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n","protected":false},"author":1363,"featured_media":105259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3058,3120,3002],"tags":[],"class_list":["post-115036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-accounting-services","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\n