{"id":74805,"date":"2020-05-14t00:01:35","date_gmt":"2020-05-14t04:01:35","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=74805"},"modified":"2022-01-10t13:51:22","modified_gmt":"2022-01-10t18:51:22","slug":"client-accounting-services-surge-in-post-corona-world","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/05\/14\/client-accounting-services-surge-in-post-corona-world\/","title":{"rendered":"client accounting services poised to surge in post-corona world"},"content":{"rendered":"
seven covid-driven deliverables clients need today.<\/strong><\/p>\n by hitendra patil<\/em><\/p>\n coronavirus caught the entire world totally unprepared for its aftermath. the impact on economies is unfathomable. accounting firms are not immune to this unprecedented situation.<\/p>\n more on client accounting services:\u00a0<\/strong> 20 ways to grow your firm in 2020<\/a> | \u2018found money\u2019 delights clients<\/a>\u00a0 |\u00a0 is client accounting services overhyped?<\/a> | 3,771 accountants help uncover cas success secrets<\/a><\/p>\n exclusively for pro members.\u00a0<\/span><\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n but, “same as last year” or “as always” will not work for accountants in the immediate and distant future. if you haven’t yet done so, it is time to start thinking about how are you going to overcome the crisis, and even thrive in the near future and beyond. especially important is to think about how client accounting services (cas) will emerge as a much-required and more valuable than ever service accountants can provide.<\/p>\n what are accountants doing now?<\/strong><\/p>\n so, other than helping clients obtain small business loans and apply for paycheck protection program (ppp) benefits, what are accountants doing now? based on daily conversations with accountants over the last six to eight weeks, here are some core focus areas of accountants:<\/p>\n how are accountants now thinking about cas?<\/strong><\/p>\n one of the silver linings of the dark clouds of corona-impacted economic challenges is that business owners are interacting far more with their accountants, compared to that about six or so months ago. these interactions, in addition to being commercial and compliance-oriented, have also been highly emotional in these crazily anxious times. accountants have seen far more busy times to meet the deadlines of ppp and sba loan programs. all of these efforts have ensured that, in general, clients are very grateful to their accountants and that accountants have accumulated very strong goodwill in a very short period of time. many accountants i interacted with told me that they have waived tens of thousands of dollars in advisory and process work fees for clients for loans and ppp related work.<\/p>\nsix-minute survey:
\n<\/strong><\/span>what’s your opinion of client accounting services?<\/strong><\/span><\/h5>\nyes. we’re doing it.<\/a><\/strong><\/span><\/h5>\n
no. but we’re considering it.<\/span><\/span><\/a><\/strong><\/h5>\n
no. and we’re not considering it.<\/span><\/span><\/a><\/strong><\/h5>\n
no. we’ve tried it and dropped it.<\/span><\/span><\/a><\/strong><\/h5>\n
huh? what’s “client accounting services?”<\/span><\/span><\/a><\/strong><\/h5>\n
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