Each course in Woodard Institute's Power Day series equips you to perform entry-level coaching services to your existing bookkeeping clients.
The Power Days are designed for you to elevate your bookkeeping - to offer a new, value-infused tier of services that includes a slate of add-ons (e.g. financial coaching) that increase value for your clients and generate new revenue streams for your practice.
These entry-level coaching services generate, on average, about $500 per month in additional billings for each of your bookkeeping clients. For some of your larger clients, you can possibly generate more than $1,000 per month!
Outcome: Offer real-time receivables management, measurements, and bad debt reduction services to your clients averaging $295 to $795 per month per client.
Chose Date: November 19 or December 6
Instructor: Brian Suthoff
Accounts Receivable management is the most important contributor to incoming cash flow. A/R often represents over 40% of current assets for many small to medium-sized companies. This course will equip you to manage your clients' A/R, improve cash flow, and mitigate bad debt (i.e. write-offs). The hands-on exercises you will perform during this course focus on A/R measurements and management techniques you can begin immediately using with your existing bookkeeping clients as a new billable add-on service. The course also covers how to identify clients who would benefit most from A/R management services, and how to package and price your A/R management services.