January 27, 2020
If you’ve read my e-book, heard me speak or seen some of my postings on LinkedIn, you’ll know I’m a fan of technology and how it can make our lives easier and enable us to provide a far higher level of service to clients.
If you’re a user of Xero or Quickbooks Online you will know there are a huge number of business applications which can be linked to these software packages to improve efficiency, business operations and profitability.
Don’t fall into app overload
You need to have an understanding of the apps that are out there, but just be careful that you don’t fall into app overload and take out so many subscriptions you lose focus on what it is you’re really trying to achieve.
Find out what are the essential apps which you think most businesses will find useful – AutoEntry, Receipt Bank or Hubdoc for automated data entry being the obvious ones.
But don’t get sucked into using unnecessary products just because it’s being sold as ‘the must have tool for accountants’.
When evaluating software and working out whether its worth paying for, ask yourself 3 questions:
Reporting software sector is the easiest area to get sucked into here
I have wasted a huge amount of time trialling and then using software for up to 6 months before ditching it as an unnecessary cost which added no value. The ‘advisory’ reporting software sector is the easiest area to get sucked into here, in a lot of instances the cost v value analysis just doesn’t stack up.
Don’t fall into the ‘January gym subscription’ trap and pay for a subscription with the best intentions, only to rarely use it and carry on paying for it unnecessarily.
If you’re ready to start or are already running your own accountancy practice, here are 5 ways I can help you run the practice you want, the way you want:
1. Get in touch and arrange a free 30-minute discovery call.
2. Read my e-book about how I transformed my practice.
3. Attend one of our regular Mastermind Events.
4. Join one of our Mastermind Groups.
5. Work with me on a 1-2-1 basis.