{"id":115039,"date":"2023-09-03t11:55:27","date_gmt":"2023-09-03t15:55:27","guid":{"rendered":"\/\/www.g005e.com\/?p=115039"},"modified":"2024-08-27t17:01:20","modified_gmt":"2024-08-27t21:01:20","slug":"cas-reports-are-better-heres-how","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/09\/03\/cas-reports-are-better-heres-how\/","title":{"rendered":"cas reports are better. here\u2019s how."},"content":{"rendered":"
<\/strong><\/p>\n traditional reports stop short of what businesses need.<\/strong><\/p>\n by hitendra patil<\/i> if you are wondering whether client accounting services (cas) needs a different set of reports, you are in the right place. at the same time, it may be confusing how you can produce reports that are different than those your software provides out of the box.<\/p>\n more: <\/b>help your clients run their businesses better<\/a> | set your processes apart in nine steps<\/a> | five ways to overcome cas staffing challenges<\/a> | think cas isn\u2019t for your firm?<\/a> | convince your firm of cas value<\/a> | ten ways to tell a client is ready for cas<\/a> | launch cas in just eight steps<\/a> 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. one of my ex-clients, an experienced and expert cpa from san diego \u2013 who had mostly high-net-worth individuals with multiple businesses as his clients \u2013 told me, \u201cafter 19 years in practice, i realized that small to medium business entrepreneurs are not really concerned with managing their balance sheets. it is the job of the accountant.\u201d let me share a real-life example here to bring clarity about how cas outcomes are different than traditional accounting reports. one of my ex-clients, a cpa firm that specializes in restaurant accounting, not only established different cas processes that leveraged their niche expertise but it also turned those processes into cas reports that restaurant owners cannot live without. here is what the firm provides to clients:<\/p>\n traditional accounting reports<\/strong><\/p>\n cas reports<\/strong><\/p>\n now, take a look at the non-cas and cas reports mentioned above. all of the cas reports give restaurant owners an instant insight into the business trend of their restaurants, how much to pay to which vendor and when, keep control on labor cost, which items are selling more and what is their contribution to total sales, and the most important management control insight. this prime cost report shows all the key costs that constitute the majority of any restaurant\u2019s core expenses. because these prime costs define a restaurant\u2019s profitability, a restaurant owner cannot afford to wait for a month or more to know what the prime costs are. hence this firm provides a weekly report.<\/p>\n if you noticed, all these cas reports provide actionable intelligence to the restaurant owners. if need be, the restaurant owners can course-correct on the fly to control the factors that can easily hurt the restaurant\u2019s viability. in other words, these cas reports provide the ability to restaurant owners to make data-backed business decisions, and also identify which of their immediate past decisions were good and which ones hurt them. all put together, this helps restaurant owners become better at managing and growing their restaurants. imagine what can happen if such cas reporting is not<\/strong> available to restaurant owners.<\/p>\n to be able to provide all such reports, insights and outcomes that help clients make critical business decisions, the firm has implemented appropriate internal processes to capture the relevant data elements at the time when the firm does the bookkeeping. \u201cyou control the books, you control the business\u201d and \u201cstart with the end in mind\u201d are the mantras followed.<\/p>\n","protected":false},"excerpt":{"rendered":" traditional reports stop short of what businesses need.<\/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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\nsure, cas reports will include traditional reports like income statements, balance sheets and so on. but that is just the baseline. cas is more than just the baseline. as a professional accountant, from all your work for the client, you need to deliver the outcomes that can contribute to enhancing the client\u2019s business. you need to present outcomes in ways that the client can find actionable, i.e., the client should not have to do too much of thinking, \u201cwhat exactly does this mean and what should i do?\u201d<\/p>\n\n
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\n<\/a>
\nby hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n","protected":false},"author":1363,"featured_media":116368,"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":[3184,3058,3120,3002],"tags":[],"class_list":["post-115039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory","category-client-accounting-services","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\n