How to Grow Your Accounting Business Through Payroll
Professional accountants assume the roles of trusted advisor and partner to small businesses, delivering sound financial management at every stage of their clients’ business process. But, did you know that according to a study by L. Harris Partners nearly 1 in 3 clients use multiple CPA firms, due to one firm lacking what the other one entails?
Sometimes the missing value is payroll.
Steering clients toward financial stability is no simple matter. Add payroll services to the mix, and, without proper resources, the equation gets that much more complicated. But, what if there's a way to preserve your clients' financial integrity and easily manage payroll while increasing your bottom line?
With the right payroll software in place, you can grow your client base plus save time and money on core accounting functions.
Payroll and Accounting Management
Accountants typically include payroll in their lineup as a side service, a way to expand their business.
But, before long, payroll starts to feel like an obligation - as the complexity of wage calculations, deductions and wage and hour compliance take their toll.
Plus, there's the drudgery of payroll accounting, which is intricately tied to your clients' financial statements. The challenges of payroll can seem insurmountable, but a solution is readily available.
Payroll and accounting software selection, installation and support
Cash flow analysis, budgeting and forecasting
Employee and independent contractor classification
Data review and audit
Finance and debt consulting
Mergers, acquisitions and sales
Business valuation and succession
Financial and retirement planning
Financial projections and forecasts
These lengthy processes require careful business analysis, in-depth client counseling, and the ability to keep up with changes in the marketplace. Time becomes an even scarcer commodity when payroll is added to your roster.
When you use payroll software and resell it as a value service from your firm, you can reduce time spent on payroll and increase time spent on high-level tasks, such as assurance and advisory services.
In addition, having quick access to payroll reports can vastly enhance analysis, review, auditing, forecasting, budgeting, planning, recordkeeping and decision-making processes.
SurePayroll Reseller and Referral Opportunities
Accountants are continuously offered new technologies to work with, but the benefits often end there.
It's likely that, for your firm, every dollar counts in boosting your bottom line. Accountants providing payroll services can now become a SurePayroll reseller, which guarantees you a profit when you resell our online payroll service.