{"id":117526,"date":"2023-10-01t13:00:22","date_gmt":"2023-10-01t17:00:22","guid":{"rendered":"\/\/www.g005e.com\/?p=117526"},"modified":"2024-08-27t17:01:06","modified_gmt":"2024-08-27t21:01:06","slug":"want-higher-profitability-turn-to-cas","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/10\/01\/want-higher-profitability-turn-to-cas\/","title":{"rendered":"want higher profitability? turn to cas"},"content":{"rendered":"
<\/strong><\/p>\n the effects of various pricing strategies.<\/strong><\/p>\n by hitendra patil<\/i> pricing your services correctly to ensure reasonable profitability is a major decision you will take in your client accounting services practice.<\/p>\n more: <\/b>cas requires reaching out more<\/a> | your cas engagement letter needs a reset option<\/a> | help your clients run their businesses better<\/a> | cas tech stack depends on cloud use<\/a> | five ways to profit from cas<\/a> | cas is a value pitch<\/a> | accountants are perfect for virtual cfo roles<\/a> | raise client expectations with cas<\/a> | the why behind your cas why<\/a> the accounting profession\u2019s largest cas survey results revealed how cas firms price their cas offering:<\/p>\n when asked \u201chow\u2019s your pricing policy working out for you?\u201d, several firms shared their experiences.<\/p>\n cas pricing methods have evolved over the last three years or so. trends indicate more and more shift toward fixed\/flat fee arrangements, with some kind of variables included to provide for work volume and expertise level requirements that usually come up after working with a cas client for a few months. these pricing trends may serve as a guide to your firm\u2019s cas pricing decision but you will need to keep revisiting and refining your cas pricing through the initial few months of your cas journey.<\/p>\n the underlying insight on cas pricing methods<\/strong><\/p>\n the cas business model is able to provide a powerful ability to firms to charge fees that are more profitable than traditional services. the cas business model has emerged not just because of technological advances but also because of increasing client demand and changing client expectations.<\/p>\n when people need<\/strong> something, they are price-sensitive. but when they want<\/strong> something, price sensitivity reduces. cas provides opportunities to clients to buy something they want, e.g., professional accountants\u2019 advice while they are making their business decisions. you will need expertise to understand and quickly identify the difference between each client\u2019s\/prospect\u2019s needs and wants for your cas pricing to be effective.<\/p>\n why are fixed and mixed fees more popular in cas?<\/strong><\/p>\n my interactions with several cas firms made it evident that the value of cas is not just transactional and hence not precisely measurable. for example, the value of an accountant\u2019s advice in a specific business situation can possibly save thousands of dollars for the business or help make critical business decisions, e.g., lease versus finance.<\/p>\n such value-delivering services cannot be easily billed on an hourly basis, as there is no certainty in clients\u2019 minds how much they will need to pay. however, with fixed and mixed methods, there is reasonable certainty that makes clients know how much will they pay the accountants, even if it means just ballpark ranges of amounts. survey results indicate that it is comparatively easier to sell a cas offering with such pricing methodologies.<\/p>\n the effect of cas pricing methods on firms\u2019 profitability<\/strong><\/p>\n the survey results revealed that 62 percent of the firms that offer cas agree that cas provides superior profit margins (compared to other services offered by the firms). cas firms offer about twice the number of services compared to non-cas firms. combined with pricing methods, the higher revenue from each cas client also leads to higher per-client profitability.<\/p>\n several accountants whom i have interacted with agreed that among all the services that cas firms offer, including tax-related services, cas provides higher profit to their firms.<\/p>\n why does cas provide superior profit margin?<\/strong><\/p>\n the effects of various pricing strategies.<\/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\n
\nhow are these pricing methods working out for cas firms?<\/strong><\/p>\n\n
\n
\n<\/a>
\nby hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n","protected":false},"author":1363,"featured_media":117529,"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-117526","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