5 Tips To Impact Your Firm's Bottom Line

"Bottom line" is used as a reference to any actions that increase or decrease the net earnings or a businesses’ overall profit. For instance, a business that is growing its earnings or reducing its overall costs is said to be improving its bottom line. It can be retained for future use in the business, distributed in the form of dividends, or used to repurchase shares of outstanding stock.

Maintaining a positive cash flow is essential for a CPA firm of any size. Keeping an eye on the firm’s bottom line is the first step to survive. However, to do that firms use a variety of best practices that help them manage their finance effectively. Many of these best practices are easy to know, explore, and can be implemented relatively quickly. 

In this Online CPE course, Erika Segal, Associate Brand Manager with CPACharge will walk through five ways you can make small changes to your practice that will result in a significant positive impact on your bottom line.

Major topics covered in this Business Organization and Management online CPE webinar:

• Increasing transparency to your customers.
• Virtual Assistants for time saving and efficiency.
• Paperless documentation for ease of access, and secure storage.
• Practice management to support various aspects of coordination and consolidation.
• Online payment options for client satisfaction and getting paid faster.