Synopsis:
In the ordinary course of business, third-party accounting firms provide bookkeeping services for their customers.
By stepping up from traditional bookkeeping services into an advisory role, accountants can increase the value of their services and therefore revenue, while reducing the amount of work required in completing the annual returns for each of their corporate clients.
One of the most impactful ways they can do this is to provide advisory services on how their customers can reduce their chronic overdue invoices.
In this module, you will understand the virtuous revenue cycle, which will enable you to become an indispensable part of a company’s resources to speed up the cash conversion cycle, reduce costs, cut bad debt, and increase revenue. You will uncover critical insights to persuade and guide your clients to change their approach to invoicing and collections.
The outcome is clear oversight in the financial statements, less last-minute chasing for payments before book closing, and greater loyalty from their corporate customers.
Intended For:
Competency Mapping:
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