Three Ways to Modernize Your Accounting Services

It is 2020, and the world is all about using technology to make life easier. For accounting firms, this means making the once-hectic practice easy and intuitive. This is what clients are after today, and they will gladly move on to the next CPA if your services aren’t simple and intuitive enough.

So, how can you modernize your accounting services to make them simple and intuitive? Here are three tips to get you started:

  • Get a Practice Management Solution Software

Investing in practice management solution software will help you identify the various facets of your CPA practice that need upgrading. These programs are designed to evaluate your accounting practices, identify inefficiencies, and provide better and more modern alternatives.

Practice management solution software will evaluate the following facets of your account services:

  • Client Relationship Management
  • Task Management
  • Accounts Receivable
  • Expense Tracking
  • Timesheets

These software programs also feature other tools and resources designed to make accounting generally easier. They are also necessary for making your services compatible with other digital accounting solutions.

  • Set Up an Online Payments Platform

One of your clients’ greatest expectations is that your accounting services will support convenient payment options, such as online payments. This is highlighted in a recent Survey of Consumer Payment Choice, which found that 60% of bills (and climbing) are paid using online money transfer options. As such, consider adding online payment options, such as credit/debit cards and eChecks, to your list of accepted payment options. Also, learn how credit card processing works to make it less confusing to receive payments.

  • Optimize On-boarding

The main goal of modernizing your accounting services is to improve users’ experience. Optimizing your onboarding process will go a long way towards this goal. There is no standard approach to this; however, your baseline goal should be making it easier for clients to solicit your services and take on most of the burden of accounting.