{"id":91078,"date":"2021-11-18t18:00:00","date_gmt":"2021-11-18t23:00:00","guid":{"rendered":"\/\/www.g005e.com\/?p=91078"},"modified":"2022-12-22t00:42:14","modified_gmt":"2022-12-22t05:42:14","slug":"beyond-bookkeeping-five-value-add-service-areas","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/11\/18\/beyond-bookkeeping-five-value-add-service-areas\/","title":{"rendered":"beyond bookkeeping: five value-add service areas"},"content":{"rendered":"

\"smiling<\/a>be an investment, not an expense.<\/strong><\/p>\n

by sandi leyva<\/i><\/p>\n

every business needs to do some level of bookkeeping for a couple of reasons:<\/p>\n

1)\u00a0various government agencies require reporting and payments based on the company\u2019s results.<\/p>\n

2)\u00a0the owner needs a certain amount of information to manage their business and keep it profitable.<\/p>\n

more: <\/b>beyond quickbooks: wowing your clients<\/a> | five ways to get better clients<\/a> | 11 kinds of wealth<\/a> | 11 ways to boost billings and impress clients<\/a> | how clients get underserved and accountants get underpaid<\/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

many business owners hire us grudgingly for compliance work because they have to.\u00a0and they consider what they pay us as an overhead expense that is a required cost.<\/p>\n

but what if we could turn that perception around?
\n
\nhere are five areas to consider offering beyond bookkeeping that will help your clients see you as a good investment rather than as an expense.<\/span><\/p>\n

1. facilitate exception management<\/strong><\/p>\n

an entrepreneur, simply by nature of the role, has too much to do. smart entrepreneurs manage by exception, meaning they have systems in place that allow them to be alerted only to things that go wrong, and to not be bothered by things that are fine.<\/p>\n

one example of this is with accounts receivable. if a client pays within a reasonable time, the owner does not need to know. if a client has not paid within a reasonable amount of time, then they may want to be notified. you can add value by setting up triggers that notify the owner when a late receivable needs their attention. better yet, you can help them set up an entire collections procedure that triggers letters, phone calls and credit reporting at certain points in the receivable\u2019s aging period.<\/p>\n

this service requires knowledge of software, reporting, and collections procedures.<\/p>\n

2.\u00a0enable process efficiency<\/strong><\/p>\n

perhaps you help the client with invoicing as part of your bookkeeping duties. rather than performing the process as you learned it from the client, you can make suggestions for improvement. what if the billing cycle is too long? what if the client could move the billing process five days earlier to avoid a monthly cash flow shortage? what if you could suggest software that will cut one day a month off the payables processing?<\/p>\n

this new service requires problem-solving and management accounting skills.<\/p>\n

3.\u00a0implement fraud controls<\/strong><\/p>\n

few small business owners know what to do to reduce fraud, yet many are victims. clients interested in reducing their risk in this area will benefit from a set of controls you can recommend and put into place for the client.<\/p>\n

helping a client with fraud prevention requires specialized audit skills and knowledge of the area of fraud.<\/p>\n

4.\u00a0expand compliance<\/strong><\/p>\n

there are many areas in small business that are pseudo-clerical, meaning those of us who have great organizational skills and are used to dealing with forms and deadlines are really good at this skill.<\/p>\n

these areas include:<\/p>\n