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.
Course Date: Dates coming soon!
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.