{"id":79551,"date":"2020-09-27t13:00:21","date_gmt":"2020-09-27t17:00:21","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=79551"},"modified":"2023-10-05t09:19:53","modified_gmt":"2023-10-05t13:19:53","slug":"client-accounting-services-the-definitive-guide","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/09\/27\/client-accounting-services-the-definitive-guide\/","title":{"rendered":"client accounting services: the definitive guide"},"content":{"rendered":"

\"\"<\/a>there are challenges, but also great opportunities.
\n<\/strong><\/p>\n

client accounting services:<\/strong><\/span>
\nchallenges and opportunities<\/strong><\/span>
\njoin the conversation. launch the questionaire.<\/a><\/span><\/p>\n

with this post, 卡塔尔世界杯常规比赛时间 is launching a new series of articles and an expansion of our coverage into client accounting services, the fast-growing, but still much-misunderstood growth opportunity. with a special mix of technology savvy and visionary insight, hitendra patil<\/a><\/span>, the best-selling author of accountaneur<\/a><\/span> for 卡塔尔世界杯常规比赛时间, is uniquely positioned to tackle the tough questions, and to unearth the best solutions.\u00a0 we look forward to hearing from you \u2013 your experiences, opinions, questions, comments, ideas and suggestions. \u2013 rick telberg, editor and publisher<\/em><\/p><\/blockquote>\n

by hitendra patil<\/i><\/p>\n

<\/i>client accounting services is becoming an increasingly important new revenue and growth segment for accounting firms of all sizes. yet, professionals are still grasping for the best practices, adjusting service bundles, searching for the right technologies, and optimizing prices.<\/p>\n

more on entrepreneurial strategies:<\/b> top 4 personality traits of successful accountants<\/a> | client accounting services poised to surge in post-corona world<\/a> | 20 ways to grow your firm in 2020<\/a> | 3,771 accountants help uncover cas success secrets<\/a> | a.i. vs. auditors<\/a> | automation makes it easier for accountants to offer cybersecurity<\/a> | the what, why and how of artificial intelligence for accountants<\/a> | six never-before opportunities for the accounting profession<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

cas is, first, a mindset. it exists in every professional accountant. some know it exists in them. some don\u2019t. some know that the cas mindset exists in them but do not make the most of it. instead, they try to become everything to everyone. they become more of \u201cneed-fillers\u201d than \u201caccounting entrepreneurs (accountaneurs\u00ae).\u201d they find it challenging to become the \u201cmost trusted advisors\u201d of their clients. those who don\u2019t know that the cas mindset exists in them feel it will be overwhelmingly difficult to \u201clearn\u201d the cas mindset. they may try to acquire the mindset but give up too soon.
\n
\ni will explain how accountants know they have the cas mindset in them. you will get insights from the actions they have taken \u2013 \u00a0concrete action to leverage that mindset, behave, talk and take steps to make cas successful for their firms. you will also learn how to develop the cas mindset, or rather, how to reactivate the cas mindset that may have been dormant in you.<\/p>\n

the why, what, and how of cas<\/strong><\/p>\n

several studies and surveys have confirmed that cas is a fast-growing, more profitable revenue segment for firms of all sizes.<\/p>\n

top publications in the accounting profession have relentlessly published content about cas. many technology solutions providers, thought leaders and consultants to the profession have shared their insights about cas. there are some \u201ccertification courses\u201d that teach cas.<\/p>\n

yet, cas can be an enigma. what exactly is cas? why should i offer cas? how do i provide cas? these three are, even today, the topmost common questions accountants ask about cas.<\/p>\n

i will explain the why, what and how of cas. the information and insights on these three foundational aspects of cas have been discovered, tested and confirmed from thousands of interactions with cas and non-cas accounting firms and corroborated with the quantitative and qualitative analysis of data gathered from perhaps the largest cas survey ever conducted in the accounting profession. in other words, this is not a work of fiction or only thoughts and musings. i will give you the powerful advantage of market intelligence that can save you years of effort and costs, significantly reduce risk of failure, considerably reduce the time taken to establish your cas practice and geometrically enhance the chances of success of your cas practice \u2013 if you embrace the insights and implement in the right earnest.<\/p>\n

your firm\u2019s cas<\/strong><\/p>\n

cas leads your firm to serve more needs and wants of your clients. cas means you will profitably serve the needs of all your clients, not just those who have larger needs and hence, can pay you more.<\/p>\n

but how do you really know what are the needs and also the wants of your clients and prospects? if you are like most of the other accountants out there, you have a menu of services. almost all of your prospects see you from the narrow filters of your services menu. you get pigeonholed. if you have ever felt \u201cclients do not value my services and expertise, they just want the lowest price,\u201d<\/em> you will know what i mean by \u201cgetting pigeonholed.\u201d<\/p>\n

you will learn about ways to identify your clients\u2019 needs and wants. people want to pay the least when they have to do something, i.e., for their needs. but they pay premium prices for their wants. you will get insights on how to show them the life they will have when their wants are met. you will see some examples of needs and wants of the clients who buy each of the most common services accountants provide. we will then go more in-depth into learning the clients\u2019 wants on a human level \u2013 and how to cater to each of the fundamental human wants through your services. we will then learn the easy-to-learn, practical, proven ways of knowing which of your clients can be \u201ccas-fit.\u201d we will also cover the not-so-easy ways of identifying cas-fit clients.<\/p>\n

the communication challenge of cas<\/strong><\/p>\n

you are, by profession, great with numbers. but if you are like a lot of accountants out there who are not so great with words, cas will be a communications challenge.<\/p>\n

it can slow down your cas journey considerably. in this book, you will find actionable intelligence and practical advice to overcome the communications challenge.<\/p>\n

you will learn how to communicate the value of your cas offering. you will find ways to convince your partners to commit to cas, and how to get your staff on board for cas.<\/p>\n

you will also get insights on how to communicate cas to your existing clients and prospects. armed with this knowledge, you will then dive into how to identify the right clients for cas.<\/p>\n

how to prepare your firm for cas<\/strong><\/p>\n

knowing and doing are two different things. success needs both. what should you do to prepare your firm for cas?<\/p>\n

we will first examine what technology stack you will need for cas success, depending upon how much your firm already uses cloud technologies. don\u2019t worry. even if your firm is just partly into the cloud, there are ways to know what your next steps should be. you will also learn how your clients can interact with your firm using your technology stack and how it can dramatically enhance the client experience and reduce the cost of client servicing.<\/p>\n

how to get your cas team in place<\/strong><\/p>\n

what about your cas team? do you need a different one? do you need to re-skill\/up-skill your existing team to turn them into cas ninjas?<\/p>\n

if yes, how will you do that? if not, what should you do? you will get answers to many such important questions. you will see the \u201chow to.\u201d you will get an understanding of top success traits and drivers needed for cas. you will also acquire knowledge about how to enrich your team\u2019s human skillsets and technical skillsets, as well as some ways in which you can train your cas team. you will also gain deeper insights about staffing choices and how to make sure you manage performance standards and risks.<\/p>\n

cas processes and pricing<\/strong><\/p>\n

we will then examine how you can create your firm\u2019s cas-specific processes. what should you include in your cas-specific engagement letters? why should you aim to make it an \u201cengagement ring\u201d concept-based agreement? will your client communication processes change because of cas? we will discuss several ideas and insights into all these critical questions.<\/p>\n

cas pricing is a significant decision that can make you nervous and stressed. but help is here. we will first understand how the profession charges for cas, what the most prevalent pricing methods for cas are, and what the pricing trends are. after that, we will examine how you can decide about your firm\u2019s cas pricing and keep adjusting it to make it more profitable for your firm. at the same time, we will dive into the details of key costs of offering cas and learn from the experience of the profession about how profitable cas is compared to other services firms provide.<\/p>\n

marketing and selling cas<\/strong><\/p>\n

once you have something new to sell that the market demands and is more profitable for your firm, how should you market your cas offering? what should you do when your marketing brings in new prospects, to ensure your sales processes are effective? we will find many insights from the most effective marketing methods deployed by cas firms. from my personal experience of working with hundreds of cas firms, i will share ideas on how to market cas to existing clients and new prospects. i will also provide insights about generating new leads for your cas offering without spending much.<\/p>\n

what about being a virtual\/outsourced cfo?<\/strong><\/p>\n

another opportunity most cas firms aspire to make the most of is the cas-driven ability to offer high-value chief financial officer (cfo) competencies. many small but growing businesses will absolutely benefit from having the expertise of a professional cfo on their team, but such companies cannot afford to hire a full-time cfo. and any competent cfo worth the salt will not work full time for any smaller company as they are in high demand in the industry. this creates a real gap of demand-supply in the market that professional accountants are ideally placed to leverage by becoming part-time\/on-demand\/need-based\/shared cfo for multiple companies at once. the billable rate for such virtual\/outsourced cfo work is much higher than most other services accounting firms can offer. your firm\u2019s senior, more experienced partners and team members can ride on the business intelligence cas creates to do much higher value, higher roi work. we will touch upon some ways your firm can start offering virtual\/outsourced cfo services.<\/p>\n

cas performance review<\/strong><\/p>\n

with experience, your cas will mature and become highly effective and more profitable. but it will still require you to review the performance of your firm\u2019s cas segment periodically. why should you do this review? how do you evaluate your cas performance? why should you involve your clients in reviewing your firm\u2019s cas performance? we will learn from the collective experience of the marketplace. many firms grow their cas practice to more comprehensive and sophisticated offerings, earning them even more per-client revenue and profit. the periodic performance review can help you connect the dots and bridge the gaps in your cas offering.<\/p>\n

ideas, insights, tips, tricks, and best practices for your cas success<\/strong><\/p>\n

you will find ideas, insights, tips, tricks and best practices liberally sprinkled for your cas success. you will find many of those to be relevant from your perspective. i encourage you to think over, debate, analyze, and explore even those ideas that you may not find immediately applicable in your practice. several of my recommendations may sound very simple, but many are based on in-depth human behavior science research findings that i have been studying relentlessly for more than 25 years. i have married these findings with my experiences in the accounting profession so that you don\u2019t have to spend a long time to figure out the connection and applicability.<\/p>\n

i am thrilled to culminate this nearly three years of the process of research on cas. it took me that long because everything was ready with me for quite some time, but i wanted to test it against the real-world experience of cas practitioners out there. it took some recalibrations of concepts and explanations to align a few things. before publishing, i shared the pre-publication copy of my book with some leading cas practitioners across the country. i received great feedback from them. hence, i am highly \u2013 and realistically \u2013 optimistic and confident that i will significantly help you start\/grow your own cas practice. i have no doubts in my mind that with what you will learn and when you earnestly apply what you learned, you will be on your path to the cas success you so richly deserve.<\/p>\n

congratulations, and welcome! let\u2019s get started.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\"\/\/www.g005e.com\/2020\/09\/27\/client-accounting-services-the-definitive-guide\/\"<\/a>
\nthere are challenges, but also great opportunities.<\/strong>
\nby hitendra patil<\/em><\/p>\n

client accounting services:<\/strong><\/span>
\nchallenges and opportunities<\/strong><\/span>
\njoin the conversation. launch the questionaire.<\/a><\/span><\/p>\n","protected":false},"author":1363,"featured_media":48696,"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":[3058,1363,3120,3002,3065],"tags":[3445,3447,2396],"class_list":["post-79551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-accounting-services","category-featured","category-pro-member-exclusive","category-special","category-vcfo","tag-ai","tag-artificial-intelligence","tag-cas"],"acf":[],"yoast_head":"\nclient 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