Hate Billing? Use a Different Method

Businessmen standing on dollar billWhat services do your clients value the most?

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

When I attend CPA conferences across the United States, I often hear from CPAs: “I don’t want to bill for my time.”

MORE: Protect Client Files from Cyberthreats | Boost Efficiency with Tech Stacks | The Only 3 Metrics You Need | How We Sell Audits Online | 3 Steps to Better Client Communication in a Crisis | Four Key Financial Metrics for Growing Any Business | Transferring Clients to a New Employee
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

So, how do you bill your clients?
READ MORE →

Protecting Client Files from Cyberthreats

Technology Security with Internet Digital Signature as ArtThree ways to make technology your ally.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Have you ever been contacted by the IRS with the FBI involved? I can tell you from firsthand experience that it’s a bit alarming when that happens.

MORE: Boost Efficiency with Tech Stacks | Use Bots to Your Advantage | How to Attract Clients Like a Magnet | 6 Steps for Sales and Conversion | The Right Way to Onboard New Clients | 4 Ways to Bill Clients | How to Evaluate Workflow Management Software | 5 Questions to Evaluate New Tech Tools | Traditional Benefits for Remote Employees
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

We were once contacted by the IRS because they thought our server had been compromised. When the field officer who came to our office asked to see our server, we explained that we didn’t have a server. She was a little surprised by that information and then asked where we kept our files. We explained that we use cloud storage and programs designed specifically for encryption and security.
READ MORE →

Boost Efficiency with Tech Stacks

Screwdriver and wrenchBONUS: You’ll be better connected.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

I believe it’s important for accounting firms to standardize their technology “stack.” Having a standardized tech stack of applications helps to automate every corner of your workflow.

MORE: Use Bots to Your Advantage | Get Ready to Launch Virtual CFO Services | Riches in Niches | Marketing Is About Thought Leadership | How to Audit 401(k)s
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The applications you use should be seen as an extension of your business. Your onboarding process will be more effective if your team doesn’t have to learn a new set of tools every time a new client comes on board.
While we will, of course, work within whatever programs new clients are using, developing consistency internally as much as possible is key.

At Summit CPA Group, we have three primary technology stacks:

READ MORE →

Use Bots to Your Advantage

How one firm stepped into automation and the future of accounting.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

There’s no doubt that advancements in technology are changing the world, and the accounting industry is no exception. Technology is making us more productive, more efficient and more connected.

MORE: Get Ready to Launch Virtual CFO Services | The Only 3 Metrics You Need | How We Sell Audits Online | 3 Steps to Better Client Communication in a Crisis | Four Key Financial Metrics for Growing Any Business | Transferring Clients to a New Employee | Why Process Is Key to Remote Work
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

On the flip side, it’s also taking over some of our jobs. This is a reality in the accounting industry that we cannot ignore. Technology is driving major changes for the future of the accounting world. We need to be aware of what’s happening and take strategic steps to advance along with these changes. Otherwise, we are going to be left in the dust.
READ MORE →

Get Ready to Launch Virtual CFO Services

Three people speaking by videoconferenceThis could be just what your clients need.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

You may have heard about virtual CFO services. It’s a concept that’s been around for a while now that allows CPAs and accounting firms to offer CFO services to smaller businesses that may not yet be able to afford a full-time CFO.

MORE: The Only 3 Metrics You Need | How to Attract Clients Like a Magnet | 6 Steps for Sales and Conversion | The Right Way to Onboard New Clients | 4 Ways to Bill Clients | How to Evaluate Workflow Management Software
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

What is a Virtual CFO?

Virtual CFO (or VCFO for short) stands for a virtual chief financial officer. A VCFO provides outsourced accounting services at a high level for businesses.
READ MORE →

The Only 3 Metrics You Need

A totally virtual firm outlines the metrics it uses to measure staffers.

By Jody Grunden
Summit CPA Group

If you want to grow your accounting firm, it’s important to evaluate the effectiveness of your process on a regular basis. You want to be aware of what’s working well and what’s not. You also want to continually be improving upon your services over time.

MORE: How to Attract Clients Like a Magnet | Riches in Niches | Marketing Is About Thought Leadership | How to Audit 401(k)s | 3 Measures of the Effectiveness of Your Team | How to Profit with Workflow Apps
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

There are three things you can specifically monitor when it comes to the effectiveness of your team. Here’s how we do it at Summit CPA Group. Maybe these ideas will work for you too.
READ MORE →

Up Your CFO Game with Data Visualization Tools

https://register.gotowebinar.com/register/3131117053737999117

Free CPE Webinar: How to enhance your product delivery by utilizing data visualization tools.

CPA Trendlines expert author Jody Grunden, the author of  Building the Virtual CFO Firm in the Cloud, invites you to join Join Adam Hale, COO at Summit CPA Group, Jake Grimm, Director of Technology at Summit CPA Group, and Justin Hatch, CEO at Reach Reporting, to learn:

  • why you need a data visualization tool,
  • how to evaluate visualization tools to find the right fit, and
  • how to analyze and prepare your data to get started.

Thursday, July 9
12 pm ET / 9 am PT
1 hour, CPE
Register here

How to Attract Clients Like a Magnet

By demonstrating your specialized expertise, you become their first choice.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Thought leadership is where you are really going to reap success. You want to be that person who everybody will come to.

MORE: Riches in Niches | 6 Steps for Sales and Conversion | The Right Way to Onboard New Clients | 5 Questions to Evaluate New Tech Tools | The Hidden Cost of Running a Distributed Company | How to Develop Your Leadership Team | Automation and the Future of Accounting
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

I just got off a call with a prospective client who had never met me or even seen me speak, but discovered us through a web search and saw that we are thought leaders in the industry. That discovery brought her directly to us, and it was important to her that the CFO she hires fully understands her industry.
READ MORE →

Riches in Niches

https://cpatrendlines.com/2020/06/21/why-thought-leadership-matters/How going virtual opens endless opportunities.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Going from brick-and-mortar to distributed is not an easy transition.

MORE: 6 Steps for Sales and Conversion | Marketing Is About Thought Leadership | 3 Steps to Better Client Communication in a Crisis | How to Audit 401(k)s | Four Key Financial Metrics for Growing Any Business | 4 Ways to Bill Clients | 3 Measures of the Effectiveness of Your Team | Transferring Clients to a New Employee | Why Process Is Key to Remote Work
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

You’ve got to be all in and willing to rip the Band-Aid off fast.

READ MORE →