How to APPify Accounting Processes to Grow Your Practice

You made it! Taxes were filed (or extended) and another busy season is over. Now, we need to embrace ‘training season’ to keep up with the rapid changes affecting the accounting industry.

Data entry is being substantially reduced or eliminated and replaced with data management and analysis. Small businesses are searching for cloud-based applications to help streamline and automate their processes. As accounting professionals, these changes are an opportunity for us to provide value added services to clients and grow our practice.

Increasing numbers of small businesses are moving to the cloud (or want to) with their accounting data, as evidenced by a 30% increase in QuickBooks® Online (QBO) users compared to a 9% decrease in desktop users. This is an opportunity for us to help clients transition to the cloud with conversion, setup, training, troubleshooting and more. Plus, a great value-added service we can provide for clients is to help them implement apps to streamline their processes to improve productivity and profitability (APPify the Processes).

Step 1 – Get Certified in QuickBooks Online

QuickBooks Online is updated monthly and there have been major updates over the past year with a “new QBO” (with a blue navigation bar on the left – the old QBO has a top menu bar). My favorite recent update was the availability of keyboard shortcuts. They make working in QBO faster than ever (comparable to the desktop version), especially when combined with my ‘one click icon bar’ and other navigating tips.

Honestly, the more I work with the new QBO, the more I really like it – and I’ve been using and teaching the desktop version of QuickBooks since mid-1990s. I recently updated my QuickBooks ProAdvisor® Profile indicating that I am only accepting new clients using QBO. No more sending files back and forth, worrying about file compatibility, or wondering if the client is working in the right file. I challenge you to learn more about the new QBO; here is a quick YouTube video to introduce you to the new QBO. Play in the sample company file for several hours. Join the Cloud ProAdvisor Program (if you’re not already a ProAdvisor member) and get certified in QBO. Both are free!

Step 2 – Success in the Cloud

After you learn the basics and get certified in QBO, it’s time to take it to the next level. I recommend my Success in the Cloud webinars. You can access them at Accountant University along with other live webinars and on-demand training (recorded webinars) for free. These webinars take you beyond the basics and will help you grow continue to grow your practice.

  • Value Pricing – A New Way to Run Your Practice
  • Determining Which QuickBooks Online (QBO) is Right for My Clients (including a discussion of the differences between QBO and the desktop versions of QuickBooks)
  • Converting to QuickBooks Online:  What to Expect
  • Common Mistakes in QuickBooks Online and How to Fix Them

Step 3 – APPify the Processes

This step really offers a lot of opportunity to provide value-added services to your clients and additional revenue streams for your practice. Most businesses have problems somewhere in their procedures or operations. Help your clients by performing a needs assessment to identify where the problems or pain points are located. Then, identify and implement apps to streamline the processes and workflow to improve operations and profitability.

Many apps have a partner program for accounting professionals to provide you with training, support and more. This is a great opportunity for growing and providing additional revenue streams for your practice. It’s a win for clients and a win for us!

Join me to learn more about these third-party apps that integrate with QuickBooks/QBO during the APPify the Processes webinar series:

  • Intuit
  • ScanWriter
  • Bill.com
  • Concur
  • TSheets
  • Avalara

Each webinar is specifically created for accounting professionals to help you grow your practice and will include:

  • Key benefits
  • Who is it right for
  • Quick demo of how it works
  • Hear from an accountant or bookkeeper who has implemented it
  • Partner program

Click here for details and to register for the free APPify the Processes Webinar series.

Bonus:  Attend the Ultimate Accounting vCon

The award winning conference you can count on for practical, grow-your-business advice plus great how-to sessions on all your favorite software and some you may not know about yet. Details and register here.