Issue 9: The Outsource Insider – Your Biweekly Dispatch from Finsmart Accounting
Welcome to “The Outsource Insider”, dispatched to you biweekly by Finsmart Accounting, where we share insights, resources, and a little fun - designed for firms to grow with offshore talent.
🌍 The Global Edge
“As accountants, we self-induce so much stress on ourselves. I have to do this, I have to control everything, I have to be the one touching every tax return, I have to analyze everything. That’s where we get into the cycle of 80 hours a week or 100 hours a week,” says Randy Crabtree, Co-Founder of Tri-Merit and the key behind the Bridging the Gap conference.
In this latest conversation with Maanoj Shah, Co-Founder of Finsmart Accounting and an offshoring expert, Randy shared his journey of stepping back from his role as the Managing Partner after a life-threatening stroke. He realized why sometimes you can’t do it all yourself, and the importance of seeking help.
In this conversation, Randy touches on another critical aspect of why many accountants are still not inclined to join the industry. What he believes is the perception of stress, along with long hours, being tied to the desk, and very little scope to do something they love, as reasons for the shortage of skilled accountants.
The well-being charity for ICAEW members found that about 56% of the surveyed employees said they were suffering from stress and burnout. What is interesting here is that most of this is untrue. Accountants, today, can choose only to provide accounting services and refrain from tax services and so on.
Accounting is as stressful as we make it out to be. Watch the complete conversation to know all about striking a work-life balance and doing what you love to do in accounting:
📚 What We’re Reading
Are you missing the fundamental point of what value is? Is that one of the most critical reasons why you are not being able to become a “trusted advisor” for your clients?
You are not alone!
Value is complicated. It is not fixed. It is not a number in a spreadsheet or a feature in your service offering. Since there are many factors, such as clients’ business needs, emotions, priorities, fears, and context, it makes value pricing subjective.
Wondering why clients won’t pay for your advisory services? You might find some answers here.
This Article Has Us Hooked
🔦 Finsmart Spotlight
Do you have clients that you dread speaking to? Do you always end up doing more than what you charge these clients for?
The problem of leaving problems like these unaddressed is that this feeling can do a lot of harm:
Drain your team’s energy, time, and morale
Disrupt your systems and workflows
Delay work for the good clients
Damage profitability and reputation
If you are struggling to tackle difficult clients in your firm,
💰 Free Growth Resource
Are you looking for Senior Account Managers to manage your clients and ensure seamless processes?
Right from the onboarding, your clients need you to support them in their journey. If you are a growing firm, having a dedicated resource to attend to client queries and demands can go a long way in ensuring a successful partnership.
If you are looking for a Senior Account Manager, here is a job description template to help you get started.
🧑💼 Meet Your Future Team
At Finsmart Accounting, our teams work directly with accounting firms (clients) from Day 1. We hire experienced professionals who are fully capable of tackling crises and are always prepared to put their best foot forward to solve their clients’ problems.
In this issue of The Outsource Insider, we present to you one of our Team Leaders, Sweeti Mane.
With over 5 years of experience in US Accounting and an MBA in Finance, Sweeti has a deep understanding of the industry’s nuances.
Her expertise lies in Bookkeeping, reconciliations, and financial reporting.
She is proficient in QuickBooks Online and Desktop, ensuring accuracy and efficiency.
😄 Funsmart Corner
Now, this issue cannot truly come to an end unless we add a little dose of fun to your inbox.
See you next time!