Scope Creep in Accounting: How to Increase Revenue from Every Client

Posted by & filed under Accountant, Pricing for Accountants, Workflow Excellence.

Accountant hands using Jetpack Workflow to avoid scope creep

What is scope creep, and how do we avoid it, or manage it when it happens despite our best efforts? Let’s start with a story that might be relatable. You just landed a new client you’ve been working hard to acquire. (Congratulations!) You’re doing the work, and they’re paying you for it.  But there’s a… Read more »

How To Make Your Firm Acquirable & Retire

Posted by & filed under Accountant, Growing Your Firm Podcast, Pricing for Accountants, Workflow Excellence.

C3 Consolidated has a simple mission: acquire firms or create partnerships. With years of accounting firm background and experience, they apply what they’ve learned about process workflow, business organization, and growth to make those firms more profitable and better organized so clients and employees are happy. Needless to say, they are very good at what… Read more »

Double Your Income by Getting Rid of Receivables in Your Firm

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growing Your Firm Questions, Growth, Marketing, Pricing for Accountants.

Kelly Gonsalves, Founder of Totally Booked, has only run her firm for a short while, yet, after a recent conference visit, she discovered how to double her income by getting rid of accounts receivables entirely. Meaning, gone is the grumbling and panic runs to the mailbox hoping your client check is there. Take a listen… Read more »

How To Turn Accounts Receivable Into Cash In 30 Days

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growing Your Firm Questions, Growth, Pricing for Accountants, Team Management.

Jeff Brandeis, Chief Revenue Officer of QuickFee, says “cash is king” in any business, not just accounting firms. Unfortunately, it was reported that firms under $3 million in billing had around 30% of their accounts receivable outstanding for over 90 days! That means you have less money to pay the bills, employees, and grow your company…. Read more »

How to Start an Accounting Firm and Bank 6-Figures Your First Year

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Marketing, Pricing for Accountants.

Hannah Stricker always wanted to be her own boss after 25 years in the accounting field. Finally, she gave her notice and went off to start an accounting firm from scratch. WIthin 12 months, she had banked 6-figures in revenues and she’s ready to show how she did it. In this episode of the Growing… Read more »

[Double Your Firm Book] Ch.2: Solving the Pricing Problems in Your Firm

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Team Management.

Continuing with the theme we began last week, this week we will cover Chapter Two of our best-selling book, Double Your Accounting Firm. In this chapter, we will cover the pricing problems found in most accounting firms. What most firms will find is that when employees are incentivized to get more billable hours and not as much… Read more »

Why Billing By The Hour Is Bad

Posted by & filed under Accountant.

Why Tracking Billable Time Is the Roadblock to Financial Success in Accounting

Times, they are a-changin’. Actually, they’ve been a-changin’ for some time, now. Many other industries have caught up, but the accounting and finance world, surprisingly, has been slow to evolve. Time-based billing has been the dominant billing method for accounting firms for years, and firms are slow to give up this process. But an ever-increasing… Read more »

How to Get Consulting Clients for Your Accounting Firm with ZERO Marketing

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Marketing, Marketing for Accountants.

Hector Garcia is the Founder and Principal Accountant at Quick Bookkeeping in Miami, FL. He’s developed a way for you to get consulting clients for your accounting firm with zero marketing. And he’s only been doing this since 2011, so he didn’t have a 30-year track record to lean on. In this episode of the… Read more »

Solving the Pricing Problem for Accounting Firms

Posted by & filed under Accountant, Bookkeeper, Pricing for Accountants.

Billable time

Solving the Pricing Problem for Accounting Firms This chapter preview comes from the Double Your Accounting Firm book  (Amazon) Janice’s firm was in a rut. They were gaining new clients, but had a hard time maintaining profitability. It struck him as odd, as this 30-year-old accounting firm hadn’t changed much in their practice. They continued… Read more »