Timesheets Are The Wrong Measuring Tool (And How To Replace Them)

Listen to this podcast where the legend that is Ron Baker  discussed  the good, the bad and the ugly with timesheets (mostly the bad and ugly!) When it comes to a running a successful accounting firm there are only 4 things that move the needle forward i.e pricing, positioning, process and people. In this episode we have focused on getting your processes right. To know more about the other three pillars hear my other podcasts here. Once you get these 4 pillars sorted, you will have a successful accounting firm. Time-stamped show notes [4:26] Using timesheets as a measure for profitability [11:20] How timesheets came about and how we should actually be measuring profitability [15:35] Alternative to timesheets to keep check on slack employees [20:22] How to avoid scope creep [27:10] How to deal with paying employees by the hour but not using time sheets [30:00] How not using timesheets alligns your employees and customers' objectives [38.29] Subscription business model for accounting firms You can get a copy of my book for FREE here: https://go.rezahooda.com/sales-pageoiyfi8wu  Click here to download 🤜 https://go.rezahooda.com/9stepframework If you're an accountant, join our community of 1000+accountants on Facebook where we share ideas, seek help and collaborate to build more profitable, successful and impactful accounting firms: https://bit.ly/3tQJG6M Sign-up to my monthly mentoring programme to join a group of dozens of other like-minded accountants and bookkeepers on the same journey! https://bit.ly/3Pt2mIa Check out my YouTube channel: https://bit.ly/3tMWElW