How to develop Standard Operating Procedures (SOPs) for Your Accounting Practice
If you're an accounting or bookkeeping practice owners who are looking to scale their business whilst working fewer hours, earning more money, and having more choices in life, then you're on the right website.
The above recording is a discussion of the Wize Guys, Brenton Ward and Jamie Johns about the importance of having Standard Operating Procedures (SOPs) in every Accounting Practice.
Find out how to ensure an efficient, smooth workflow and systems that will work best. Also, learn the step-by-step guide in creating and starting to implement SOPs yet commonly overlooked processes for practice owners.
Here are some of the facts that you'll learn from this audio:
- Understanding Standard Operating Procedures (SOPs)
- The importance of getting the scalability and leverage of SOPs
- How accounting SOPs has evolved throughout the years
- How SOPs differ from each business model and client
- The freedom in creating policies through digital technology
- Different online video tools in recording SOPs
- Why you should find the balance between your checklist and working papers
- Learning the various umbrellas of SOPs
- Tips in determining the SOPs that will work best for your accounting practice
- The importance of your own ‘How-to’ section
- The beauty and benefits of using Loom videos
- Steps in creating instructional videos
- Why traditional written instructional videos are already a NO-go
- The impact of having 80% ROI with a robust and reliable SOPs
- Defining that ‘quad to activity’
- Why documenting is an act of leadership
- How Microsoft Teams can help in recording instructional videos
- The idea of focusing on progress and NOT on perfectionism
- Some of the practical accounting solutions to-do
- Jamie’s key takeaways for your accounting practice
Download the full transcript here.