5 Steps to Providing Profitable Virtual Accounting Services

Transcription

1 5 Steps to Providing Profitable Virtual Accounting Services

2 Announcements Want to win this? (You must be viewing and not just listening.) Compliments of Xero

3 Our Gold Sponsors

4 CPE I want CPE Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website

5 Introductions Michelle Long, CPA, MBA Founder of Long for Success, LLC 1 of 10 Women Who Inspire a Profession by Accounting Today Small Business Influencer Awards Community Choice Winner Financial Services Champion of the Year by the SBA National trainer for Intuit Author of Successful QuickBooks Consulting & How to Start a Home-Based Bookkeeping Business

6 Introductions Sandi Smith Leyva, CPA, CITP, CGMA Founder of Accountant $ Accelerator Intuit writer since 2001 Author of 6 books and numerous products MS in Neuroscience Copiloted airplane around the world

7 Introductions Accounting professional Starting, re-starting, or cloudifying your business

8 Agenda How to take the very first step putting a toe in the water toward moving your services from physical to virtual Tips on how to ease clients into the change of receiving virtual accounting services

9 Agenda The tools you need to go virtual and a couple of important characteristics about them Advanced tips for seasoned virtual accounting service virtuosos Your questions

10 Summary Step 1: Go remote Step 2: Automate Step 3: Go hosted Step 4: Go SaaS Cloud (Software as a Service) Step 5: Go integrated, mobile cloud

11 Accounting Services Tax compliance Historical (most time spent here) Lately moving files around Where is the value? Reducing file handling, reducing data entry Providing better analysis, actionable report design

12 Go Remote Getting started: Step 1

13 Getting started: Step 1 Remote Tools LogMeIn GoToAssist TeamViewer Join.me demo

14 Getting started: Step 1 Talking the client into Remote Have 2 prices: onsite and remote Answer the security question Make sure it s the right client Newer technology, values time

15 Automation: Step 2 Automate data entry Anywhere anytime data entry Automated and systematized

16 Automation: Step 2 Data entry tools ScanWriter Michelle Dulog

17 Make Data Entry Simple Optimize Efficiency: No more additional data review needed. 100% Accuracy on import. -Savoy Bookkeeping & Tax Maximize Revenue: Service more clients in a fraction of the time. - Reeder and Associates Save Time: Enter 100 s of transactions in minutes not days. - Meade Accounting Mention this presentation and receive 10% off ScanWriter License!

18 Make Data Entry Simple Hear what these accounting professionals have to say Call for a free online demonstration. scanwriter@personable.com Mention this presentation and receive 10% off ScanWriter License!

19 Automation: Step 2 Adding a technology fee to your fees Talking the client into Automating data entry

20 Go Hosted Hosted Desktop: Step 3

21 Hosted Desktop: Step 3 Hosting tools For QuickBooks: Intuit Authorized Host ce.html?pi=14&pic=107#read-more-sec04

22 Hosted Desktop: Step 3 Talking the client into hosted Needs to be the right client Committed to desktop needs more functionality Hosting fees offset by reduction in Labor transferring files, restoring, backing up, etc. IT expense server, upgrades, hacks, firewalls, etc. Answer the security question

23 Go cloud SaaS Cloud: Step 4

24 SaaS Cloud: Step 4 Cloud software Xero Ian Vacin

25 Saas Cloud: Step 4 A collaborative approach to accounting For the advisor For the client General ledger Management reporting Annual reporting Fixed assets Shared data Invoicing A/R A/P Sales tax Expense claims Contacts AUTOMATED DAILY BANK FEEDS

26 Xero Beautiful Accounting: Free Partner Program: Try today:

27 SaaS Cloud: Step 4 Talking the client into true cloud Needs to be the right client and the right solution Answer the security question Are any of the cloud services HIPPA compliant?

28 Advanced Tips: Step 5 Cloud integration including mobile Log in to apps from Facebook & Twitter Apps on your smartphone

29 Advanced Tips: Step 5 Integrated app Bill.com Christy Ross

30 What does it mean to have an integrated app Automatically brings in all object lists and keeps data current: vendors customers/jobs Items chart of accounts classes Bills/invoices Reconciles payments and bills/invoices in a single click No extra data entry Set-up time in seconds

31 Choose your target clients based on the ideal customer profile for Bill.com Get firmwide support Select and understand target clients Create client proposals Engage with clients Secure client Spends at least 2-3 hours a week handling bills, invoices, bank reconciliation, researching billing questions Use a paper-based system to handle bills, invoices, bank reconciliation, vendor inquiries Do not have a dedicated bookkeeper on staff or have an overextended bookkeeper Handle and file paper bills and related documents Have bills approved prior to payment Have staff or offices in multiple locations

32 Advanced Tips: Step 5 Integrated app More examples AGILIRON Concur

33 Announcements Want to win this? Compliments of Xero

34 1 Resource that Will Help You Profit from Cloud Accounting Services First Annual Ultimate Accounting vcon 5 Significant Trends in Accounting Services & How You Can Benefit 10 Steps to Become a Modern Practice in the Cloud 3 Value Adds to Serve Clients Better 5 Ways to Make Data Entry Simple

35 1 Resource that Will Help You Profit from Cloud Accounting Services First Annual Ultimate Accounting vcon 12 webinars, 12 hours of live CPE Community forum for Networking Bonuses handouts, videos Training Exhibit hall Win stuff Interact with us

36 Accounting vcon If you can t travel If you want to keep up with trends If you re on a tight budget and want to learn If you re considering starting your business If you ve had trouble convincing clients to move to the cloud or haven t tried If you need CPE

37 Register by September 30 & Save Bonus for next 50 + all who have previously registered Free cloud handout to give to your clients

38 How to Ask a Question If you are OK with dialoging with me Type in the box and raise your hand. I will unmute you and we will talk If you prefer NOT to be called on: Type in the box. I will answer and it will be a 1-way conversation.

39 For best results Click Telephone. The phone number will appear with an audio pin.

40 Questions

41 Our Gold Sponsors

42 Our Media Sponsor

43 Your Action Items What one thing will you do from this webinar? Mark your calendar, to do list, project management system, etc.