Why is it that Accountant’s work in progress (WIP) management is well above 10 days and receivables are more than 10 days? There is only one person to blame – YOU. Typically, the client controls the cash flow of the firm. It has everything to do with the way the firm sets the client up and then works with the client. Remember, it’s your business not your client’s business. The relationship needs to be on your terms.
Check out this infographic to learn the 18-step workflow process you need to implement to increase workflow efficiency and take back control of your Accounting business:.
About the Author
Colin DunnDirector & Co-founder at PANALITIX
Colin is a Chartered Accountant who, having spent almost 10 years with one of the fastest growing and most innovative firms in the UK, has since invested over 20 years helping business owners to improve their businesses with a focus on attracting new clients, better managing existing clients, developing new products, building an engaged team and strengthening internal business processes.
Colin's primary focus at PANALITIX is on product development and business improvement content. He is the author of the bestselling book “Accountants: The Natural Trusted Advisors".