September 20, 2018

5 problems accountants would love to solve

Accountants are often the glue that binds a company together. However they have some issues that, if solved could make that glue stronger.

 

1. (Some) Technology

Accountancy software such as Xero and Quickbooks means that more and more people are able to manage their finances without the help of an accountant. This poses a serious threat to the future of some accountants, particularly the ones who don’t specialise.

Accountants will have to offer more than just run of the mill services to compete with the every improving technology.

 

2. Unsuitable customers:

Accountants often don’t focus enough on creating effective strategies for customer acquisition and retention.

In order to maintain and grow a sustainable business, a big focus must be put on acquiring and retaining reliable customers.

Learning to accurately evaluate potential and current clients is a crucial skill for accountants. It allows them to avoid wasting time on unreliable customers, using the time instead to focus on the ones worth their time.

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