{"id":91296,"date":"2021-11-28t12:00:52","date_gmt":"2021-11-28t17:00:52","guid":{"rendered":"\/\/www.g005e.com\/?p=91296"},"modified":"2022-12-22t00:42:08","modified_gmt":"2022-12-22t05:42:08","slug":"two-tech-approaches-to-cas","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/11\/28\/two-tech-approaches-to-cas\/","title":{"rendered":"two tech approaches to cas"},"content":{"rendered":"

\"smiling<\/a>and one fundamental requirement.<\/strong><\/p>\n

by hitendra patil<\/i>
\nthe definitive success guide to client accounting services<\/a><\/em><\/p>\n

client accounting services essentially requires an ability for your firm to be able to best serve the needs of all<\/strong> your clients.<\/p>\n

more: <\/b>when to start building your cas tech stack<\/a> | stop derailing cas<\/a> | lower your costs by 75% with cas<\/a> | cas drives up demand for virtual cfos<\/a> | turn client wants into needs<\/a> | a job description for client accounting services<\/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

in other words, your firm\u2019s technology stack, services, processes and pricing packages need to cater to businesses of different sizes, turnovers, as well as various levels of tech-savviness of the business owners and their employees. in yet other words, your firm should have the ability to do part of the accounting work or all the work your clients offload to your firm.
\n
\nwhen clients do part of the work<\/strong><\/p>\n

in such cases, you want the technology stack to be as standardized as possible to avoid costly, error-prone and time-consuming need to deal with a variety of software. at the same time, when clients do part of the work, you must seek to implement collaborative technology on the cloud to eliminate duplication of data entry and mailing\/emailing information back and forth between your firm and clients.
\n<\/span>
\nthis will, most likely, require you to convince your clients of the benefits of a common, collaborative, cloud technology platform, and more likely than not, train the clients onto newer technologies. but the experience of hundreds of firms shows that the payoff far outweighs the cost of such efforts.<\/p>\n

when clients offload all of the accounting work to your firm<\/strong><\/p>\n

such clients are your ideal cas clients. they will pay comparatively more fees. you can deliver excellent advice to such clients (as you have control over all accounting processes). even though such clients will not \u201cprocess\u201d any accounting work, they still need real-time access to and insights from the accounting information. for this purpose, you absolutely need collaborative cloud technologies. if you can implement technologies\/solutions that enable clients to interact with you online, when possible from right within your accounting solutions, it will give your firm a significant competitive advantage.<\/p>\n

for the purpose of this post, we will talk about 100 percent cloud solutions. yet, the same principles will somewhat apply to \u201chosted\u201d solutions as your firm and clients can access those at the same time.<\/p>\n

core software<\/strong><\/p>\n

your accounting, payroll and tax software, as well as any industry\/niche specific software you may have\/need, must<\/strong> be cloud-based and collaborative or integrated, as the need may be. many good-sized businesses need access to the core accounting and payroll software to be able to perform routine, regular business functions. they need to write checks, issue invoices, enter bills, enter\/upload payroll time and attendance data, etc. as long as such work by your clients is in the same software that you have access to and there is no need to re-create\/re-enter the data created by your clients, your cas tech foundation will be solid.<\/p>\n

client service software<\/strong><\/p>\n

each cas component requires your firm to \u201cdeliver\u201d client communications, reports and insights. as the first and the topmost preference, your firm must implement core software that has client service capabilities built in.<\/p>\n

for example, when you finalize monthly financial statements, the software should automatically notify and deliver those to your clients, without the need for you to download pdfs to your computer and then email them separately using your email software. similarly, your core software should include the ability to set up meaningful alerts and notifications that the system automatically emails\/texts to the clients \u2013 for example, if receivables from the customers of your client exceed, say, 30 days. ideally, your core software should also have a corresponding mobile\/tablet app that the client can use on the go to consume important information or process some work.<\/p>\n

technology also should enable your clients to deliver work-related information\/date right into your core software, avoiding the need to mail\/email\/hand-deliver it to your firm. for example, the monthly bank and credit card transactions data should be directly fetchable from your core accounting software.<\/p>\n

the fundamental requirement<\/strong><\/p>\n

the fundamental requirement to select and implement software solutions is simple \u2013 \u201cas much as possible, data and information once created should not be required to be re-created\u201d in any other software. in addition, you must strive to minimize, if not eliminate, the manual effort of \u201cmoving the information\u201d between different software, and between your firm and clients. it not only enhances efficiency, avoids delays and errors but helps significantly reduce your firm\u2019s operating costs \u2013 all of which means each of your employees can process work for more number of clients, thereby improving your firm\u2019s profitability in multiple ways.<\/p>\n

ancillary software<\/strong><\/p>\n

other than your core cas software, your firm may need other ancillary software, e.g., workflow software, email software, internet telephony software, crm software and so on. it is important for your firm to research and find such ancillary software that integrates with your core and other software. even for such ancillary software, the underlying requirement is the same \u201cas much as possible, data and information once created should not be required to be re-created\u201d as in any other software.<\/p>\n

all of the above make your clients\u2019 lives easier. it provides them real-time information and insights that helps them make better business decisions. it helps your firm optimize your staff time and process costs. and more importantly, it keeps you, the accountant, on the top of their mind and memory recall, which in turn helps build and enhance great relationships with your clients.<\/p>\n

but what about clients who are not technology-savvy?<\/strong><\/p>\n

hopefully, you should have, if at all, a minimal number of such clients. they should be encouraged and convinced to offload all their accounting work to your firm. make arrangements with their vendors and customers to directly, electronically deliver to your firm the accounting-related documents and information. explain to the clients that you need a secure, minimal, read-only access set up with their bank(s) to deliver bank account(s) and credit card(s) statements to your firm electronically.<\/p>\n

bring to their attention the benefit of doing so \u2013 it will reduce the effort required on their part, and\/or the cost of mailing, to periodically send such information to your firm. as these clients will find it challenging to consume electronic information, identify their top concerns that accounting insights can address \u2013 and then standardize the monthly\/quarterly summary to deliver such insights in a narrative format.<\/p>\n","protected":false},"excerpt":{"rendered":"

and one fundamental requirement.<\/strong>
\nby hitendra patil<\/i>
\nthe definitive success guide to client accounting services<\/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":[3058,1363,3120,3002,11],"tags":[],"class_list":["post-91296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-accounting-services","category-featured","category-pro-member-exclusive","category-special","category-research"],"acf":[],"yoast_head":"\ntwo tech approaches to cas - 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