David Bergstein belongs to Intuit's Accountant & Advisory Group and is a thought-leader in Technology Issues in the Accounting Firm, such as Wireless, Paperless Workflow, Apps, Cloud and Mobile. In 2015, Accounting Today listed him as one of their Top 100 Most Influential People within the accounting profession.
It’s that time of the year; time to meet with clients to do tax projections and year end planning. It’s also a perfect time to show your clients how valuable you can be to them as an advisor about more than just tax!
Encourage your once-a-year accounting clients into your office now instead of the months of January through March. Explain how you can help them reduce taxes and become more profitable and efficient by moving to the cloud for their accounting. Introduce them to the benefits of dashboards, improved cash flow, and easily accessible key performance indicators (KPIs). Describe how you can put a plan in place to automate processes and procedures so that you don't have to interrupt your client's business each reporting deadline. Now is the time to resolve to get lean.
Cloud accounting automates what we have done in the name of write-up and Accounting/Finance Professional services. Smart firms are going cloud with their accounting systems and utilizing ecosystem partners (as we call them at Intuit) to automate many of the tasks associated with routine expertise. I’ll mention three ecosystem partners to illustrate the wide scale of tools available.
Fathom can integrate data from a number of sources and then use a suite of “in-depth visualizations and metrics” to help convert that data to insightful business intelligence. It has a robust reporting capability and also offers customizable KPIs, benchmarking and alert monitoring.
Hubdoc reduces the need for data entry by converting scanned information like receipts and emailed invoices and by fetching information from linked online accounts. It then integrates into accounting software such as QuickBooks Online.
I could go on and on with more tools but my last example will be Liveplan which allows you to build a business plan for your clients and then monitor the results on a daily, monthly, quarterly or annual basis via their scoreboard or benchmarking screens.
Now is the time to change!
My point is that technology is now available to uber-size your accounting firm. Check out the link to the firm of the future and discover how you can better serve your clients by getting them into the digital world - now.