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.
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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:
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About the Author
Hitendra R. Patil, the author of Accountaneur: The Entrepreneurial Accountant, has been named one of the Top 100 Most Influential People in Accounting and among the Top 10 Accounting Influencers to Follow on Social Media.
He provides insights to the accounting profession about practice growth, entrepreneurship in accounting, client accounting services, and emerging technologies, such as artificial intelligence, machine learning, blockchain, and cybersecurity.
Patil serves as the director of customer success at AccountantsWorld, responsible for helping accountants become more successful by leveraging AccountantsWorld’s software solutions more powerfully and advancing the company’s leadership in cloud solutions for accountants. AccountantsWorld is a leading provider of cloud-based solutions for accountants, offering a complete, integrated suite of innovative accounting, payroll, and practice management solutions that help accountants work collaboratively with clients to foster greater client loyalty and improve practice bottom lines.
Prior to AccountantsWorld, he worked as the chief operating officer of Pransform Inc., a processing solutions provider for small- to medium-sized accounting, CPA and tax firms in the U.S. Before that, Hitendra was the assistant vice president of global financial services at Viteos Technologies.Click here for more by Hitendra Patil