Advanced resources created for Accounting Firms - Count GPS, Australia

The best advice I've heard for 2012 so far

2012-01-12T00:00:00+11:00

Are you hard up thinking of a resolution for 2012 that you can stick to that will really improve your profitability, efficiency and enjoyment in your Accounting Firm?

Maybe I can help.

In Chapter one of our ebook Irrelevent or Irreplaceable - 7 must follow trends your Accounting Firm can't ignore, we pitched an idea to you for a fool proof 5 year business plan that would be perfect to start NOW.

“As the partner of an accounting firm the ONLY things you should be doing is setting the strategy for your firm, attracting some good team members, working on high value services with your clients and just managing the firm as a whole." Timothy Munro CEO of CountGPS and Change Accountants and Advisors.

So, here's a summary of the main things you need to consider to achieve this:

“What do the clients want today and in five years time?" (And to make sure you've got the right answers, simply ask them!)
“How can I deliver services to meet those client wants and needs?"
“How can I structure my business that will enable those services to satisfy those client wants?"
“How can I do all of this and run a real, proper business that's going to generate real, proper profits?"

You know, most Accounting and Financial Planning firms are not run to make profits. You've got to get that balance between finding fantastic clients, approaching the client needs, and at the same time pricing it appropriately so you get a fair reward for your services.

You have to be absolutely certain in your mind what sort of business you want to be running in about five years time, what kind of clients you're working on, and what kind of services you're delivering to them.

As directors of Accounting Firms we've got to ask ourselves;

What are our clients REAL needs? We then need to list them and think of what sort of services we are going to be offering and which we are not.
How much money am I going to be making as a business owner?
What do I need to invest in the business to get there?

Next break it down into little chunks on a month by month, quarter by quarter, and year by year project basis. Now we're not talking about achieving instant results overnight but about a gradual and enjoyable pathway over the next few years.

If you would like to know how CountGPS can help you to achieve your 5 year goals and start benefiting from the profits today, attend our next Overview Webinar. You can register here.

In this webinar we will announce a special incentive for those serious about making 2012 the year you start building your 5 year business plan for your Accounting Firm.

Structures - What happens when the owner of a business passes away?

2011-12-08T00:00:00+11:00

Does the passing of "Business Assets" upon the death of an individual confuse you?

To help clarify the consequences of death upon different business structures, Cleary Hoare Solicitors have produced an article titled "What will happen to your Business on your Death?"

The article conveys the fundamental succession issues that need to be considered regarding:

1. Sole Traders;
2. Partnerships;
3. Companies; and
4. Trusts

Click Here to read the article

Why now is the best time to implement proven Systems and be ready for the New Year

2011-12-08T00:00:00+11:00

If you are serious about positive Change in your firm don’t miss this opportunity to start afresh for the New Year.
I know you're probably thinking with just being a few weeks away from the end of the year, this is possibly the worst time to implement new Systems.

Well it's actually the best time... Why?

What would it mean to you if you could start the New Year fresh with proven Content, Systems and Procedures to grow your firm?
No need to re-invent the wheel. We're Accountants in public practice using these same Systems, so we know it works. All you need to do is Implement them.

Another reason why now is the best time is because you have the opportunity to make your ROI before you even invest. Our End of Year special allows you to get access within 48 hours of subscribing, but you don't actually have to pay for your 12 months subscription until 1 Janaury 2012. You will need to Hurry though. The year is nearly over and time is running out.

This short video shows what you can achieve with only a few days access to CountGPS Content.

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Imagine what you could do if you started the New Year with proven Systems, Mindset and Technology.

Register for our Overview Webinar to learn how our most conservative models enable 3x ROI.

CountGPS Updates - Nov/Dec 2011

2011-12-05T00:00:00+11:00

Whats New?

Want to keep your overdue accounts to a minimum?

Now you can with our new Overdue Debtors / Accounts Receivable Module which includes a step-by-step procedure, telephone scripts and client letters

New Client Management lifecycle!

To help simplify administration processes around client management, we have made some changes to the Client Management lifecycle by changing what was Client Feedback to Client Administration. Under this section you will find the:

· Client Feedback Procedure (includes letters and questionnaires)

· Overdue Debtors / Accounts Receivable Procedure

· Reception Toolkit (coming soon) this toolkit will contain all phone scripts, email templates, procedures and documents that a Receptionist in an accounting firm will ever need.

Company Solvency Resolution

The wait is over! We have now uploaded a Company Solvency Resolution to our content. It can be found under the Letters > Corporate Secretarial.

Fringe Benefits Tax

All the Fringe Benefits Tax questionnaires, declarations, workpapers and reports have now been uploaded.

BAS IAS PAYG TFN and Tax Administration Letters

So you may have been wondering where our letters addressing BAS, IAS, PAYG and TFN matters as well as Tax Administration were? They have now been uploaded to their respective pages under letters on the menu.

Business "Strategy Sparks"

Check out the various Business Strategy Spark flyers that have been linked to the Business “Strategy Sparks" table.

Have you been looking for a Power of Attorney form?

Well look no further! We have found them for you. Simply go to Client Services > Personal Services > Estate Planning > Power of Attorneys. We have added web links to your States respective supplier of Power of Attorney information and forms.

So, what has been updated?

· BAS Workpapers - The Fuel Rates have been updated to reflect the current rates as at 31 July 2010

· Financial Statements - Business Tax Return Workpapers - the PAYG Instalment dates have been amended to reflect the 2011 tax year

· Financial Statements - Year End Report - A new recommendation has been added to the report with respect to Xero implementation

· Individual ITR - Workpapers - the checkboxes on the Index sheet have been repaired

· Compliance Plus Package - Xero has been included to the 'important notice' for your clients.

· New Business Start Up Checklist - has been updated to include a new 'Accounting Responsibilities' section to list out who is responsible for all main accounting responsibilities and a recommended use of Xero for online accounting and Paycycle for online payroll.

· Xero Implementation Procedure - now includes a Xero Conversion Checklist and Timeline document as well as Xero Year End Processing Checklist to assist you further in setting up your clients with Xero.

Coming Soon!

· Reception Toolkit

· Corporate Secretarial Toolkit

· Revamped Team Management Module...

· 5 Step Business Structure Advice

New Features!

Have you seen the new News menu page?

Keep your team members updated on any current in house or industry news through the News page. A list of most recent news items will be shown on the Intranet Home Page.

Got any YouTube videos you would like made available to your Team?

Now you can insert them to any page on the Intranet.

Can't remember a team members' email address or phone number?

Look them up in the new Team Directory directly under the home page on the menu bar.

Want to know more about these features and how they work? Contact the CountGPS Team today on 1300 CountGPS (268 684)
or visit the Learning Centre

Acclipse iFirm Release 11

There have been a number of changes to Acclipse iFirm in release 11, including:

iFirm and Contacts

· Specific version of iFirm for the iPad and Android tablets

· A new HR tab for each user giving you the ability to store a user's home address

· A new recent notes panel to the summary tab of a client to show the last three notes for the client

Practice Management

· Create multiple invoices for each job

· New sequential invoice numbering with the ability to set the starting invoice number

· Enhancements to reports and security roles

· Created a new My Ordered Jobs dashboard item to show the first 10 jobs in the logged in user's ordered jobs list

Intranet

· Enhanced the team directory

For more details on these changes and all the other included in this release

read the release page

Have something you would like to see on CountGPS?

Let us know by contacting Mikala Batty, Content Manager on 1300 CountGPS (268 684) or via email to mikalabatty@countgps.com.au and have it added to the CountGPS Wishlist.

Systems aren't just for McDonalds: Your No Guru's required Accounting firm.

2011-12-01T00:00:00+11:00

If youre thinking that the Accounting Industry is going through some major changes right now, then you're not alone.

This morning, the Investor Daily spoke of the beginning of a New Accounting Franchise using CountGPS as its base.

You can read the full article here -
http://www.investordaily.com.au/cps/rde/xchg/id/style/13116.htm?utm_source=newsletter&utm_medium=email&rdeCOQ=SID-0A3D9632-EE2DBC01

At the heart of all successful franchises (and businesses for that matter) are systems. Think McDonalds, Subway or Dominos

How do your systems rate? Take an honest look at yourself (and your business) and ask -

How much of the growth and profit of my Accounting firm rests on my shoulders as a Partner?

Whether you're considering a national rollout of your Accounting firm as a franchise or you're just looking for your junior team to play the game at a higher level - you need to run a systemised business. *No Gurus required.*

How do you measure your Guru Score?

Average Hourly Rate (all team) is a great measure of how dependant your firm is on key players.

Just because they're called fee earners, doesn't mean they're the only ones who can earn fees!

Chapter 6 of the CountGPS eBook shows why the average Australian Accounting firm is earning less than the Foxtel guy and how you can have Admin team earning $700/hr.

Go to www.countgps.com.au/ebook to download your free copy of 7 must follow trends your Accounting firm can't afford to ignore.

Edge for Accountants

2011-09-23T00:00:00+10:00

If you are serious about positive Change for the better in your firm don’t miss this opportunity to get the Edge for Accountants.

CountGPS is called the Edge for Accountants because while your competition is busy re-inventing the wheel and completing costly due diligence on what they are being told are *best practice solutions*, you can just focus on the systematic selling and delivery of higher value services.

This webinar is more than a demonstration, it’s a rare insight into how BRW Top 100 Performers use a successful combination of Mindset, Technology and Systems to deliver a amazing client experiences.