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Accounting Practice Management

 

You’re accounting masters. You’re brilliant at what you do and your clients love you. How’d you like to spend more time helping them? We help accounting practices develop smarter, more profitable ways of working.

You’re unique and so is your practice, but there are some challenges that you share. Whether you serve a broad range of industries or focus on just a select few, it’s likely that some of these will sound familiar.  

  • “Where are we with the XYZ filing?” 
  • “Jane’s off sick, anyone know what she was working on?”
  • “Why have we only billed that amount this month?”
  • “Advisory?
  • “Sounds great, but where can we find the time?”
  • “We’re losing track of tasks.”

 

Core Challenges

Visibility 

Change, as they say, is the only constant. That’s certainly the case in the world of accounting. New business models. New technology. New compliance initiatives. This new reality means it’s harder than ever to have visibility on what’s happening within your practice. That lack of visibility can lead to a lack of control. And a lack of control can be damaging to business and a real cause of stress amongst your team.

Advisory

Whether you’re all-in with advisory or remain to be convinced, there’s no doubt that it’s a hot topic of conversation within the accounting community. Many are finding that making the shift to advisory is easier said than done. If you’re already losing the billable time it’s dangerous to assume that advisory is the silver bullet. Making the shift in the model is the perfect time to develop new workflows and smarter ways of working.

Technology

“There’s an app for that.” While the famous line from the Apple advert is true, it’s also caused a lot of problems for accounting practices. Adding new apps can help you automate tasks but managing them, getting them working together and training your team to use them, creates its own challenge. Keeping your software and apps stack small and agile is a challenge worth solving.

Real Problems. Real Solutions.

We believe there’s a better approach to run your practice. An approach that is about LESS tools, not more. An approach that is all about putting you in control and maximizing your billable hours. It’s what we call Service Operations, and, through our partnership with Accelo, we’ll help you develop smarter ways of working, driven by a single, powerful application.

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Workflow Automation

Use triggers and automation to improve your practice processes and workflows – speeding up operations.

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Centralised Inbox

View all client communication in a single place – increasing efficiency throughout your entire practice.

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Automated Timesheets

Remove the hassle of time sheets with a system that tracks emails, calendar entries & notes in real time.

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Sales Management

Effortlessly manage every sales lead that comes into your practice from enquiry through to proposal.

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Team Scheduling

Ease your capacity planning headaches by managing the peaks and troughs of your practice workload.

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Manage Projects

A suite of tools helps take the pain out of project management managing client and internal projects. 

These guys are Systems Gurus!

Communication was phenomenal; whether via video chat, email or face to face training, all interactions were fun, educational & considerate of our time & priorities.

I couldn’t recommend Waypoint any higher – it was the best investment we made towards the growth of our business. Alex Frankie-Crooks

Manager, Mark Douglass Design - Melbourne

Accelo Stories

The latest stories, news and helpful updates from the team at Waypoint.

Problems in Accounting Practice Management

Problems in Accounting Practice Management

The changing challenges of Accounting The accountancy landscape has changed considerably over the last fifteen years. People of a certain vintage will have experienced each and every change along the way. Such is the pace of change, that even relative newcomers to the...

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Lancaster Consulting – Client Story

Lancaster Consulting – Client Story

We worked with Adam and his team to understand the current process for managing projects. This involved a mix of spreadsheets and paper based documentation. Once we got to grips with the current way of working we were able to develop a new process that would give Adam the visibility needed to manage the day-to-day operations and plan for the future.

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Get Started

Our experience of working with lots of accountants over the years has taught us something you may already know – managing an accounting practice is hard. Our job to help you navigate the path to a better way of working for you and your clients. 

If you’re keen to find out more and want to get started get in touch. Or, if there’s a question you have about any aspect of practice management, please click on the link to get in touch.