Workflow 101

Key to success in any Accounting business is effectively managing workflow. That means processing the (financial) data (or traffic) that enters your business so that:

1. Work is turned around quickly
2. 'Job pick-up and put-down' can be minimize
3. There is high quality control
4. The number of 'open' jobs at any time is minimized
5. Time can be dedicated to finding opportunities for the next project
6. Clients are delighted by your work
7. The team is aware of, and accountable for, the time taken
8. High margins can be achieved for work completed

Workflow should be treated like a manufacturing line, but sometimes there are bottlenecks. Unfortunately, this leads to Accountants preferring NOT to take on additional work. Effectively, they are trying to reduce the INPUTS in their workflow process.