Much of accounting work is cyclical. Not to oversimplify, but there are ‘busy periods’ (usually when regulatory deadlines loom) and ‘quiet periods’.
During busy periods, Accountants tend to focus on Client work… and nothing else. This can result in missed opportunities.
An Australian accounting business wanted to generate more opportunities and smooth out its monthly revenue. Here is their analysis and the actions they’ll take, which could be of value to many firms.
(Note, the cycles below are based on an Australian regulatory calendar but can easily be adapted to other jurisdictions.)
Actions to Increase Revenue (mindful of the cycles of an Accounting Business)
“Quiet Period”: Immediately after Financial Year End
