Over 4.5 million customers use QuickBooks.
Sign up for a free trial!
2018-12-18 19:34:45Accountants and BookkeepersEnglishIf you’re a busy accountant who wants to take your business to the next level, now’s the time to start thinking about your New Year's...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/09/iStock-531933576.jpghttps://quickbooks.intuit.com/au/resources/accountants-and-bookkeepers/new-years-resolutions-for-busy-accountants/New Year's Resolutions For Busy Accountants | QuickBooks Australia

New Year’s resolutions for busy accountants

2 min read

As the year comes to a close, many of us are hastily planning our New Year’s resolutions to eat better and exercise more. But what about your business resolutions? If you’re a busy accountant who wants to take your business to the next level, now’s the time to start thinking about what changes you need to implement in 2019. Whether you want to grow your customer base, expand your services or even franchise your business, here are five resolutions that every accountant should make.

1 Review your services

Before another year rolls around and your to-do list grows even longer, take a moment to review your services. As a client-based business, your services are a key part of your offering and can be used to differentiate your business from your competitors. Perhaps this year you could expand your expertise in order to grow your customer base, or maybe you need to get rid of a service that is not bringing in any profit for the business. Discover ways in which you can grow your product or serving offering in order to benefit your customers.

2 Reduce your debt

You spend so much of your time helping your clients manage their money and grow their businesses – but what about yours? A new year is the perfect opportunity to take a moment to look at your own budget and forecast, and review any debts that may be hanging around. Get a plan in place so you can reduce your debts and chase any outstanding invoices. This could be the year you really start to drive revenue and profit and eliminate any debt.

3 Prioritise networking

If you want to take your business to the next level, it could be time to prioritise networking. Maybe this is the year that you attend a national accounting or small business conference, like QuickBooks Connect. These types of events provide the perfect opportunity for networking with other industry professionals, while also hearing from inspiring speakers and learning about new technology. You could also step out of your comfort zone, leverage your contacts and host your own networking events.

4 Step up your social game

Since we are well and truly in the digital age, it may be worthwhile spending time investing in your social media. If you haven’t already, set up your Facebook, YouTube, Instagram and Pinterest accounts. Determine what type of content you can post, or get someone on board who can help you execute a well-rounded social media strategy. These days, it’s easy to find a freelancer or virtual assistant who can help you get started.

5 Take time out of the office

It may seem counterproductive to take time away from your desk when you’re trying to build a business, but it could actually be the best thing for you. Whether it’s taking regular lunch breaks or booking in a holiday for the year, time off can give you a well-deserved opportunity to sit back and relax and appreciate your progress. Make sure you look after yourself so in the long run, you can better look after your customers and clients.

Rate This Article
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Help Your Business Thrive

Sign up for our newsletter

Thanks for signing up!

Check your inbox for a confirmation email.*

*Check your spam folder if you don’t see a confirmation email.

Related Articles

How to use the straight-line depreciation formula

Depreciation expenses are posted to recognise an asset’s decline in value. The…

Read more

2021 Australian financial year dates you need to know

We all come into contact with the Australian Taxation Office (ATO) in…

Read more

Understanding the sole trader tax and maximising your return

If you’re a sole trader running your own small business in Australia,…

Read more