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Keys to Getting Paid for Corporate Accounting

How can accountants ensure they get paid for their services?

Although the economy has been slowly turning around, businesses everywhere may still be struggling to pay their bills, and that's bad accounting news for corporate accounting firms that provide them with record keeping and tax

Although the economy has been slowly turning around, businesses everywhere may still be struggling to pay their bills, and that's bad news for corporate accounting firms that provide them with record keeping and tax services. But the secret to getting paid may just lie in customer satisfaction, August Aquila explains in an article for Accounting Today.

Aquila notes that customers who are happy with the product they asked for are often more likely to pay, so being responsive, communicating well and providing value are just a few of the ways to put a smile on their faces. Accuracy and timeliness are also major factors in the client-CPA relationship.

As far as managing workloads, prioritizing your clients is a smart way to become more efficient and increase revenues, all while keeping everyone happy. Those who are the most pleased with your efforts would be classified as A clients, while B's are on the upswing and C's "need a lot of help."

"The important thing about this rating is that it puts the emphasis on the client's profitability and not on the fees that the firm charges," Aquila says. "You cannot develop best-in-class client service when you are just thinking about yourself."

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