Category: accounting

This strategy is about creating new services that you can provide to your existing client base.  It is similar to the low hanging fruit ...

For a practice wanting to achieve organic growth this strategy is best described as ‘low hanging fruit’. It is simply about ensuring that every ...

Value adding software tools include modules on budgeting, scenario planning, business planning, valuations, profit improvement, tax planning, risk management, etc. There are an almost ...

Pricing is the process whereby a business sets the price at which it will sell its products and services. In setting prices, the business ...

‘Do what you do best and outsource the rest,’ says legendary management consultant Peter Drucker (1989). From Drucker’s perspective, a company should outsource functions ...

Benchmarking involves comparing your accounting practice processes and performance metrics to the best accounting practices in the industry. From the benchmarking report’s we can ...

An accounting practice’s key performance indicators (KPIs) are the set of quantifiable measures that are used to gauge or compare performance in terms of ...

The objective of debtor management is to minimise the time between issuing an invoice to a client and collecting payment in full. A practice’s ...

Working capital management involves ensuring a practice has positive working capital so it is able to continue its operations and have sufficient funds to ...

Principals often spend too much time on activities that have no value. The Pareto analysis can be applied to time management. This is the ...