Practice management - creating capacity and being more efficient - Recording

Accounting firms constantly complain that they do not have enough people to do the clients work in a timely manner. Clients are typically underserviced and firms think that to create capacity they need to hire more people. Statistically the people are not there to hire. No one is disputing the amount of work that has to be done or can be done. What is interesting is that with so much work to do productivity levels of fee earning team members are at around 70% - based on charged time into available time (available time being 1,687 hours for the year = 37.5 hours x 45 weeks). Yet they say they cannot handle any more work! This is interesting because based on the current productivity levels it means that statistically a firm with 70% productivity can handle an additional 30% - 40% more work with the same number of accountants.

So if the accountants are busy, if there is lots of work to do and productivity is at 70%, then what are the accountants doing for the other (nearly) 2 days per week?

It's a question that will be asked and answered in this Live Online Training session.

You will:

• discover what accountants do with their time


• learn some new ideas on workflow management


• learn how to find up to 1.5 hours of new capacity per accountant. New capacity that you can use to:




• take some time off


• do some additional work with clients, or


• work a shorter work week.

Firms that implement these strategies all run out of work and create new capacity.