Why are we telling you about these firms? Because they all suffer from the same problem. Regardless of their size or the current number of clients they serve, they can\u2019t go beyond this capacity. They\u2019ve got a basket of great services but their business model cannot sustain any further growth.<\/p>\n
This is where we come to the reason you\u2019re here.<\/strong><\/p>\n You see, it doesn\u2019t matter how many clients you currently have. If you\u2019re here, it means you either think your firm doesn\u2019t have enough clients or you have too many, and you want to know what you can do to manage the situation.<\/em><\/p>\n Either way, fewer clients are a problem and too many clients are a problem and we\u2019re about to discuss what you can do as a business owner to stay ahead of your challenges.<\/p>\n Small accounting firms will always be looking for a way to level the playing field and do more with less. That\u2019s pretty much how business works. We believe that automation of bookkeeping tasks is the only way to go and in this article, we put forward this solution as a feasible option for your firm\u2019s growth.<\/strong><\/p>\n The average accounting firm (small CPA firms) has anything from 20 to 150 clients.<\/strong> The number of existing clients varies greatly according to the location, season, services, and reputation of the firm. However, all of the firms have common issues. Let\u2019s look at some of them.<\/p>\n This is the first headache experienced by accounting firms. That time of the year when personal and business tax returns have to be submitted and all hands are on deck to make it happen. You all know what we\u2019re referring to.<\/p>\n The large volume of paperwork that has to be processed. Manually entering data into the accounting system to generate accurate financial reports. The clients that didn\u2019t keep accurate track of their expenses and the invoices that don\u2019t agree with the final sale figures.<\/p>\n What do you do around this time?<\/strong><\/p>\n You do what you have to do when the going gets tough. But there is another way.<\/p>\n That way is automation<\/strong>.<\/em><\/p>\n Ok, so what do we want to achieve here? You want to do a huge amount of work in the shortest time possible with the least number of staff members. Every business owner\u2019s dream. Is it possible? Yes!<\/p>\n With an automation tool<\/a> integrated into your existing accounting software, you can encourage your clients to send in their documentation electronically by email or by scanning an image of their invoices and\/or expenses with their phone and sending it via an app.<\/strong><\/p>\n They no longer need to keep all their paper receipts and slips because they will simply scan them into the system for processing, and you get the benefit of having all your client’s documentation in one place where you have easy access to it all.<\/p>\n By integrating an automation tool<\/a> with your current platforms, you can have all your communications in one place. You can also manage this communication by assigning tasks to your team that you have pre-set or that you allocate with the press of a button.<\/p>\n There is visibility for everyone who needs it and an option to restrict access to sensitive documentation for those who don\u2019t need to work with it.<\/p>\n With automation, you can streamline your processes and allow a supersmart machine learning capability called data extraction<\/strong> to pick up all the details from your emailed documents. It brings into your accounting software, and with a 99.9% accuracy, this technology is likely to be the most valuable investment you make in the growth of your accounting firm.<\/strong><\/p>\n You don\u2019t have to start from scratch. Create your own custom rules to streamline your workflow and eliminate repetitive actions. Automation platforms allow you to set up rules for categorization, approval, and more, so you can spend less time on manual tasks and focus on growing your business.<\/p>\n Accounting automation firm ENVOICE has developed an innovative product in conjunction with accountants and bookkeepers. Since this product was developed by professionals, for professionals, you can be sure they\u2019ve developed a tool that does most of your pre-accounting work for you and frees up the time of your accounting staff to do more important tasks.<\/p>\n Demo the ENVOICE automation tool<\/strong><\/a><\/p>\n This tool extracts data within seconds and gets better at it the more it handles your documentation. Accountants and bookkeepers who currently use ENVOICE save more than 8 hours a week on data entry tasks<\/strong>. That\u2019s an entire working day that can be used for client retention tasks!<\/p>\n “Adopting Envoice was a game-changer for us at e-Residency Hub. Without it, we would have needed to hire at least twice as many accountants to manage the workload from our 800+ clients worldwide.\u201d<\/em><\/p>\n Martin L\u00e4\u00e4n \u201cFacing our rapid scale-up, the challenge was immense,\u201d reflects Martin L\u00e4\u00e4n, CEO of e-Residency Hub. \u201cOur goal was to maintain a streamlined and uniform process for handling financial documents, despite catering to clients from over 120 countries.\u201d<\/p>\n As the company grew, the volume of invoices and receipts from clients across the globe increased significantly. Manually processing these documents was not only time-consuming but also monotonous for their skilled accountants, who were better suited for high-level financial analysis and strategic planning.<\/p>\n The need for an effective solution was clear.<\/strong><\/p>\n Beyond just automating the initial data extraction, e-Residency Hub was looking for a way to make its entire accounting process more efficient. They envisioned a system that could simplify and automate routine processes, ensuring that once the initial data was captured, the subsequent accounting steps, especially for regular and recurring transactions, could be handled with minimal human intervention.<\/p>\n This move towards greater automation was aimed not just at increasing efficiency but also at allowing their team to focus on more valuable and fulfilling aspects of their work.<\/p>\n \u201cEnvoice has revolutionized our workflow, saving countless hours and accelerating document processing by at least 2x, making our operations significantly more efficient,\u201d states Martin.<\/p>\n Envoice, a cloud-based bookkeeping automation tool, has transformed the once laborious task of data entry, streamlining the management of financial documents from a diverse client base.<\/p>\n Clients can conveniently submit their invoices and receipts through various channels, such as email, direct upload, or the Envoice mobile app. Centralized archiving and automated data extraction, facilitated by Envoice\u2019s sophisticated AI technology, bring efficiency and simplicity to the process.<\/p>\n The integration of Envoice into e-Residency Hub\u2019s workflow has led to significant streamlining of processes and an enhancement in client service standards. Operational efficiency and client satisfaction have seen marked improvements, aligning with the firm\u2019s commitment to flexible, location-independent services.<\/p>\n This real-life case study shows the practical application of all the benefits of automation mentioned earlier. The business deals with complex structures because its clients are in 120 countries and used ENVOICE in a way that revolutionized their business model.<\/p>\n If they can use an automation tool in such a powerful way, it stands as a testimony to what this technology can do for any accounting firm that is willing to give automation a chance.<\/strong><\/p>\n Imagine a world where CPA firms are no longer bogged down by the tedious and time-consuming tasks of manual bookkeeping. A world where the focus shifts from endless data entry to strategic financial planning and client relationship building. This is not a distant dream but a tangible reality made possible by automation in accounting.<\/p>\n In this article, we\u2019ve provided you with a way to get new clients and stop wasting time and valuable resources<\/strong>. We\u2019ve proposed that it\u2019s not a question of: How many clients does a CPA firm have? or, how many clients can a bookkeeper handle<\/a>? But one of: How many clients can you handle with your current practices and processes?<\/em><\/p>\n If you want to scale your business without the burden of taking on more employees and spending more time and money, then automation is the answer staring you in the face.<\/p>\n ENVOICE is offering accountants and bookkeepers their automation tool for a very reasonable monthly subscription of $11 a month<\/strong>. With this small investment into automation, you can save your firm thousands of dollars in expenses and walk away with more revenue.<\/p>\nTime and resource thieves<\/h2>\n
Tax Season<\/h3>\n
![\"man](\"https:\/\/envoice.eu\/wp-content\/uploads\/2022\/06\/how-many-clients-CPA-firm-01.jpg\")
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Automation – your secret weapon during tax season<\/h4>\n
Put an end to large volumes of printed documents<\/h5>\n
![\"uploading](\"https:\/\/envoice.eu\/wp-content\/uploads\/2022\/06\/how-many-clients-CPA-firm-02-1024x515.jpg\")
One point of communication with your clients<\/h5>\n
![\"Envoice](\"https:\/\/envoice.eu\/wp-content\/uploads\/2022\/06\/how-many-clients-CPA-firm-04-1024x515.jpg\")
Say goodbye to manual data entry<\/h5>\n
![\"Envoice](\"https:\/\/envoice.eu\/wp-content\/uploads\/2022\/06\/how-many-clients-CPA-firm-03-1024x515.jpg\")
Set up rules and work even faster<\/h5>\n
A tool for accountants, by accountants<\/h5>\n
![\"Envoice](\"https:\/\/envoice.eu\/wp-content\/uploads\/2022\/06\/how-many-clients-CPA-firm-05-1024x534.jpg\")
A Business Case Study<\/h2>\n
How e-Residency Hub serves over 800 customers with Envoice<\/h2>\n
\nCEO, e-Residency Hub<\/p>\nThe Challenge<\/h3>\n
Envoice\u2019s Solution<\/h3>\n
The Impact<\/h3>\n
One final thing<\/h2>\n