Seven Covid-driven deliverables clients need today.
What’s your opinion of Client Accounting Services?
By Hitendra Patil
Coronavirus caught the entire world totally unprepared for its aftermath. The impact on economies is unfathomable. Accounting firms are not immune to this unprecedented situation.
More on CLIENT ACCOUNTING SERVICES: 20 Ways to Grow Your Firm in 2020 | ‘Found Money’ Delights Clients | Is Client Accounting Services Overhyped? | 3,771 Accountants Help Uncover CAS Success Secrets
But, “same as last year” or “as always” will not work for accountants in the immediate and distant future. If you haven’t yet done so, it is time to start thinking about how are you going to overcome the crisis, and even thrive in the near future and beyond. Especially important is to think about how client accounting services (CAS) will emerge as a much-required and more valuable than ever service accountants can provide.
What are accountants doing now?
So, other than helping clients obtain small business loans and apply for Paycheck Protection Program (PPP) benefits, what are accountants doing now? Based on daily conversations with accountants over the last six to eight weeks, here are some core focus areas of accountants: