Providing accounting services can become tedious when communication flows aren’t smooth. Clients can get impatient and confused, accountants can get frustrated and overwhelmed. It has become essential to make sure both can see eye to eye in a way where the parties can understand each other and cooperate to make the ship sail. Collaborative Accounting can be the answer. Here are five ways it levels up your practice, according to FreshBooks’ Twyla Verhelst.

1. Building trust through transparency

Collaborative Accounting eases the task of creating a trusting relationship with your client. Co-existing in the same habitat allows them to see and understand what you do, including why you need the material you ask for. Moreover, they can get a grasp of the jobs you perform, which can make them more appreciative of your contributions and eager to provide you with everything you may need.

2. Reducing app fatigue

In an age with an abundance of software, it may be tiring to hop between multiple programs just to get the work done. Collaborative Accounting encompasses various steps of the process into a single platform. That way, not only do you avoid relying on a dozen apps and needing to adapt to all of them, but you also reduce the probability of errors on the client’s part. It’s a win-win situation.

3. Automating with AI

Collaborative Accounting contains an AI toolbox. Being able to reduce workload and do away with the mundane, tedious parts of the job is beneficial in more ways than one. For starters, it enables both parties to focus on the tasks that matter most to them and require undivided attention, without worrying about chores like data entry. It also frees up space and time in your schedule to get closer to your client, the human side of accounting: ensuring a nuanced, tailored experience.

4. Enabling an all-around service

Having more time, free of robot-like duties, allows you to devote your efforts to guiding your client in your area of expertise. Part of what makes accountants important and necessary is their ability to acutely assess financial health and find ways to improve it. Instead of relegating your job to being a number machine, you can provide an all-around service that will keep the client engaged. Advisory work is much appreciated.

5. Adding value

Accountants can be used to working in a particular way. However, giving a chance to a platform that can change workflows towards more intuitive systems and processes can ease things for both them and their clients. Collaborative Accounting simplifies procedures and allows you to focus on getting back to the parts of the job you love the most, and become an expert in your field or niche. You can become truly indispensable for the right client, adding value to your practice.

Collaborative enhancement

The incorporation of Collaborative Accounting brings accountants and clients closer together. The shared environment helps all parties understand, value, and want to cooperate with the other’s work. Everyone involved can focus on what matters most to them, and head toward forging tighter relationships of mutual trust and usefulness. More efficiency. Better productivity. Added value. All in one.

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