They say practice makes perfect, but, to help perfect your CPA practice, you might be missing a few key ingredients. That is, payroll and HR solutions.
Incorporating them into your work can foster a more positive environment for you and your clients. Greater understanding and clearer communication lead to improved efficiency and productivity within the company, and expanding your firm’s capabilities with payroll and HR allows you to better serve your clients. A smart approach to handling payroll, HR and finances might be the icing on the cake.
The Secret Ingredient
Payroll and HR are the secret ingredients you didn’t know you needed—kind of like that spice that makes the dish taste so good, but you can’t quite put a finger on what it is. But in this case you can, and it’s truly “delicious.” By adding those two ingredients to your main “dish” and showing your clients how they all work so well together, you can take your services to the next level and be the CPA who can do and understand it all when it comes to your clients’ HR-related decisions.
For starters, integrating payroll and HR under your oversight can strengthen your management capabilities and drive greater productivity for your clients. With access to payroll and HR solutions, you can create a more efficient operation, which lends itself to enhanced productivity by speeding up processes for your clients. This gives you peace of mind that you are doing the best for your clients and helps them make the best choices to help their company grow.
Payroll and HR align closely with accounting and financial data, creating a seamless balance of information tailored to your needs. By having everything all in one place where systems are directly connected, you can clearly see the influence of the resources on each other. Understanding how financial data influences payroll and HR is important for helping your clients, and offering these services to your clients can give you access to a new revenue stream. One of the business insights that CPA.com found in its benchmark survey was that CPA firms can increase revenue by expanding their “higher-level” service offerings.
By combining payroll and HR with your account serives, you can gain invaluable insight for your clients while generating additional income for your practice.
The Impact of Payroll, HR & Financial Data
By adding payroll and HR “ingredients,” you can track your clients’ employee turnover rates, high performance and absenteeism so that you can give your clients the information they need to help them make better data-driven business decisions. For example, by including payroll and HR data, your clients can make the best decisions for their employees, like who deserves a hard-earned raise based on performance.
Human resources and payroll are directly correlated and influence each other. When managing employee issues that impact pay, having HR and payroll connected allows for simpler communication between those resources for your clients.
The Execupay Way
Integrating payroll and HR into your practice is easy with Execupay. Combining these assets together is critical for meaningful and substantial growth in any company or business.
Through Execupay, you can understand the importance of HR and payroll as a CPA and how to create additional revenue. White-labeled, self-service payroll and HR solutions for accountants give you the ability to expand the services you offer and aid your clients in maintaining compliance without all the compliance headaches.
Growing as a CPA or as a CPA firm on your own can be challenging, but with the help of Execupay and the right ingredients, we can help you spice up your offerings.
Learn more about Execupay and how it could be the secret ingredient you’ve been looking for.