{"id":80812,"date":"2020-12-06t12:00:55","date_gmt":"2020-12-06t17:00:55","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=80812"},"modified":"2022-01-10t13:51:18","modified_gmt":"2022-01-10t18:51:18","slug":"which-of-your-existing-clients-are-cas-fit","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/","title":{"rendered":"which of your existing clients are cas-fit?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-38026\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372-590x391.jpg\" alt=\"a businessman with some jigsaw puzzle pieces in his hand\" width=\"424\" height=\"282\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372-590x391.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372-290x192.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372-190x126.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/11\/puzzlepiecesinhand_dollarphotoclub_65158372.jpg 1600w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a>there is a massive return on your one-time investment in identifying such people.<\/strong><\/p>\n<p><i>by hitendra patil<\/i><br \/>\n<em><span style=\"text-decoration: underline;\"><a href=\"\/\/www.g005e.com\/shop\/hp21cas\/\">the definitive success guide to client accounting services<\/a><\/span><\/em><\/p>\n<p>the experience of those offering successful client accounting services shows that the fastest way to start your cas practice is to provide it to some of your existing clients. if you already have a cas practice, it is important to periodically analyze which of your clients have now become a cas fit. it is important to note that not all of your clients will be cas-fit.<\/p>\n<blockquote><p><b>more:<\/b> <a href=\"\/\/www.g005e.com\/2020\/12\/02\/dont-wear-a-mask\/\">don\u2019t wear a mask<\/a> | <a href=\"\/\/www.g005e.com\/2020\/11\/29\/the-services-that-cas-clients-want\/\">the services that cas clients want<\/a> | <a href=\"\/\/www.g005e.com\/2020\/11\/08\/why-you-must-offer-cas\/\">six reasons cas is king<\/a> | <a href=\"\/\/www.g005e.com\/2020\/10\/09\/how-to-develop-the-cas-mindset\/\">how to develop the cas mindset<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>there are some easy ways to identify which of your existing clients are cas-fit, i.e., which of your clients will benefit the most from your cas offering. and then there are some not-so-easy ways to know which are your cas-fit clients.<br \/>\n<!--more--><\/p>\n<h3>the easy ways to identify cas-fit clients<\/h3>\n<ul>\n<li><strong>specific industries:<\/strong> there are some industries\/professions that have comparatively more complex business processes than others. their accounting processes are more complex, too. and they need professional accountants to manage those. if you focus on some such niches and develop genuine expertise about such industries\/professions, you can establish a healthy cas practice. for example, construction (companies, contractors).<\/li>\n<li><strong>transaction-heavy:<\/strong> in some industries\/professions, a large number of repetitive sales\/purchase transactions is regular business. accurate recordkeeping and timely financial statements are a lifeline for such companies. being transaction-heavy also means the owners do not have much time to focus on accounting. when you have robust internal processes backed by an integrated technology stack, you can establish a strong cas practice. as a rule of thumb, cas-fit clients have:\n<ul>\n<li>more than 100 sales and purchase transactions each month,<\/li>\n<li>more than one bank and credit card accounts,<\/li>\n<li>more than 50-60 customers and<\/li>\n<li>more than 30-40 regular vendors \u2013 for example, restaurants (fine dining restaurants, multilocation family-owned restaurants).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>number of vendors\/customers:<\/strong> some businesses have a significantly large number of vendors and customers compared to the average number of many other businesses. invariably, the payable\/receivable terms are such that this gives rise to the need to manage cash flow professionally. also, such businesses have several business transactions that lead to a good monthly volume of bookkeeping and accounting work. when you have more than one staff member trained on each such client\u2019s work, you can establish a strong cas practice \u2013 for example, accounting work of b2b product companies, b2c companies with high-value products.<\/li>\n<li><strong>inventory-heavy:<\/strong> some businesses are essentially trading companies that either trade end products or turn\/assemble inventory into final products to sell to the end consumers. how fast they turn around their inventory, their ability to secure favorable terms to ensure just-in-time inventory purchase \u2013 of adequate quality at the right price \u2013 and the velocity of their sales function determines their profitability. again, such companies do not have much time to focus on accounting as their business success comes from a relentless focus on purchase, sales, delivery and customer service functions. when you develop fundamental process insights into such industries and identify technologies that integrate well with their crm\/purchase\/sales\/inventory management technologies, you can establish a thriving cas practice. for example, branded products companies, distribution companies.<\/li>\n<li><strong>growing companies:<\/strong> in each industry\/profession, some companies grow faster than others. such companies need better accounting processes and resources. how do you find such companies? the easiest way is to look for hiring\/recruitment\/job ads they post. companies that advertise for part-time bookkeeper\/accountant positions are the \u201clow-hanging fruit\u201d that you can target. such companies can grow to such levels where the need grows to full-time resource(s). when you demonstrate that the owners of such companies do not lose control of their accounting \u2013 and can perform some functions (e.g., pay a bill, send an invoice) themselves using your cloud-based accounting system \u2013 they see the possibility that they do not really need in-house accounting staff and that will help you establish a strong cas practice. for example, local products\/services companies, specialty boutique restaurants.<\/li>\n<\/ul>\n<p>these are just some of the proven ideas to get you started on your cas journey. you can examine the books of your own clients to see if any of your clients fit into any of these criteria. have a discussion with them.<\/p>\n<p>additionally, you can do some research to find out what\u2019s working for other accounting firms. e.g., run a google search to find firms that have more than 5-10 staff members. then research if those firms focus on some niche industries \/ offer some specific service types.<\/p>\n<h3>the not-so-easy ways to identify cas-fit clients<\/h3>\n<p>there are some people whose thought processes, belief systems and knowledge make them understand and appreciate the real value of sound accounting. such people are an excellent fit for cas \u2013 all that you need to do is to show them that their transition to cas will be seamless.<\/p>\n<p>to identify such people, you need to carefully observe their behavior patterns and increase your (and your staff\u2019s) personal interactions with them. treat this additional analysis time as an investment in your marketing and sales function. as a rule of thumb, your revenue from a non-cas client will grow from about $3-4,000 a year to $12-15,000 a year when that client buys your cas offering. there is a massive return on your one-time investment in identifying such people.<\/p>\n<ul>\n<li><strong>clients who make fact-based decisions:<\/strong> do you have a few clients who call in\/email multiple times, more than other clients, to ask you more questions about their accounting information? most likely, they are seeking insights to make some business decisions and affirm the choices they have already made by confirming with the accounting information. such clients are the ones who make most of their business decisions based on facts, but they are also more likely to prefer control over their finances and processes. these are the clients for whom you should focus on moving more of their accounting processes to your office, but make sure you have a cloud accounting system with collaborative capabilities. collaborative cloud systems ensure that such clients do not feel there is a threat of loss of control.<\/li>\n<li><strong>clients who are efficiency-driven:<\/strong> do you have clients who come straight to the point when you have any discussion with them? such people value their time and are efficiency-driven. more likely than not, they are hard-pressed for time, not just because they do not delegate much but because their business is growing, and they are stretched in multiple directions managing their business. such people appreciate the value of efficiency in your accounting processes and service delivery. any delay in delivering service beyond the timeline you promised will slowly take them away from your firm. you\u2019d notice that they will point it out every time there is a delay in service delivery. so if you see such behavior, counterintuitively, those would be good prospects to pitch cas to because cas puts you, the accountant, in more control and helps deliver services on time \u2013 as compared to situations in which you are always chasing clients for information.<\/li>\n<li><strong>clients who are focused on their craft:<\/strong> some people are genuinely passionate about their business. they talk a lot about various nuances of their business. every time you interact with them, they will share some new ideas that they figured out about their business. you may find that they end their conversation with you by saying, \u201cokay, send the financial statements\/that report by email,\u201d and that may be the only time they spoke about accounting! such people are focused on their craft. their passion drives them, and your cas offering will give them more time and energy to focus on their craft. 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<\/li>\n<li><strong>clients who don\u2019t ask you yes\/no questions:<\/strong> some clients would ask you in-depth\/searching\/detailed questions about their accounting. very rarely, you may be able to answer their questions by a simple yes or no. they want to know why and how about almost everything that shows up on their reports. such people are not suspicious\/untrusting people. they are actually the ones who, deep down in their minds and hearts, will recognize your true worth and impact. offering them cas is your opportunity to enhance your worth (and revenue) and deepen your impact.<\/li>\n<li><strong>clients who take pride in their brand:<\/strong> everything about them is synchronized. their office, their email signature, their name cards, office stationery, uniform (if they use one), are all color- and style-coordinated with their brand style and color. they would use their brand name while speaking with you multiple times. for them, their brand is like a living individual with a name.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">e.g., they may say something like \u201cmybrandname turned four today\u201d or \u201cmybrandname cares about the local community,\u201d etc. \u201ci\u201d is minimal in their conversations. they replace the \u201ci\u201d with their brand name. such people need all the time and focus in the world to enhance their brand. cas is something that will liberate them from the accounting responsibilities.<\/p>\n<p>you already have a relationship going with your existing clients. it is easier for you to convince them to offload their entire accounting work to you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-80834\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces.png\" alt=\"\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/\" width=\"250\" height=\"83\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces.png 1410w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces-300x99.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces-600x198.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces-424x140.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces-849x281.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/12\/patil-and-puzzle-pieces-768x254.png 768w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><br \/>\n<strong>there is a massive return on your one-time investment in identifying such people.<\/strong><br \/>\n<em>by hitendra patil<\/em><br \/>\n<em><a href=\"\/\/www.g005e.com\/shop\/accountaneur\/\">accountaneur: the entrepreneurial accountant<\/a><\/em><\/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],"tags":[],"class_list":["post-80812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-accounting-services","category-featured","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>which of your existing clients are cas-fit? - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"which of your existing clients are cas-fit? - 卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"og:description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta property=\"og:url\" content=\"\/\/www.g005e.com\/2020\/12\/06\/which-of-your-existing-clients-are-cas-fit\/\" \/>\n<meta property=\"og:site_name\" content=\"卡塔尔世界杯常规比赛时间\" \/>\n<meta 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