Intuit Accountants News Central

Take Your Practice to the Next Level with Intuit’s® Practice Excellence Program!

Article Post Date
May 20th 2011 by Amy Vetter

What is business like for you today? Has business picked up year over year? Have you implemented new technology in your business to meet today’s competitive demands? Does your business run you or do you run it?

This summer, you can participate in a program that Intuit has put together called the Intuit® Practice Excellence Program (IPEP) to offer you a way to find solutions to these questions and more about your business. This program is designed to assist you in putting together a business plan for your own business, share best practices with your peers and stay accountable to your Plan.

Intuit recently surveyed its customers – Accounting Professionals and Small Business Owners. It is an interesting survey and the results can give you some insight into where your peers are investing and spending their time in their practices, as well as what your clients think is important. When putting together a business plan, it is important to know where the current business environment is and how you are addressing it in your own business.

When asked during this survey how important each of the following is when it comes to growing business in the next 12 months, the results were the following:

Accounting Professionals Small Business Owners
Investing in New Technology 69% 53%
Having Access to Industry New &/or Trends 77% 65%
Employee Training &/or Professional Development 67% 53%
Marketing &/or Advertising 59% 73%
Expand Your Range of Offerings 45% 57%

Some other interesting findings:

To stay competitive, it is important to understand these results and how your own practice stacks up against it to plan for 2011 and beyond. Are there any changes that you think you should consider for your business to remain a going concern, or to break out from the pack and be a Leader in the industry?

To start this process, putting a Business Plan together is the first step – it is not only important to plan for 3-5 years in the future, but it is also important to plan for today, in the next 6 months and even 1 year from now. Taking incremental steps in strategically planning your business is key to accomplishing the growth you want and meeting your business objectives.

This summer, I will be part of the Intuit Practice Excellence Program to assist you in putting a business plan together and help take your QuickBooks® Consulting and Outsourced Accounting Services Practice to the next level!

The time is now to plan for where you want to be this coming year – and in future years with your Practice. You can get in on the ground floor of this program; we are registering for the first two kick-off workshops on the following dates:

More cities will be announced throughout the Summer – if you have a request for this Program to come to your city – you can email ipep@intuit.com.

I will be facilitating these workshops this summer as I have coached hundreds of accounting practices (Accounting Firm Partners and QuickBooks ProAdvisors) on how to effectively create and grow a QuickBooks Consulting Practice. In addition, I have grown my own QuickBooks Consulting & Outsourced Accounting Services Practice over the years, as well as selling this practice.

IPEP Resources to get more information:

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  • About Amy Vetter

    Amy Vetter Amy Vetter, CPA.CITP, is an Intuit Key Account Manager responsible Intuit's Major Accounts in the Southeastern Region of the United States. Prior to Intuit she ran a successful QuickBooks and outsourced accounting practice that delivered end-to-end financial, operational and technology solutions and services to clients. Amy is an accomplished author of QuickBooks reference materials and is a contributor and speaker for Intuit's courses for Certification and Training of QuickBooks ProAdvisors and Accountants; as well as a contributing author to many of the Sleeter Group Teaching System materials since 2004. Amy is an Advanced Certified QuickBooks ProAdvisor, Sleeter Certified Consultant and a Certified QuickBooks Enterprise and Point of Sale ProAdvisor. Amy is a member of the AccountingWEB’s Bloggers Crew, authoring the Blog called “QuickBooks Uncensored,” an Author for Intuit ProLine News Central and serves on the AICPA’s Journal of Accountancy Technology Advisory Panel. Amy has been recognized by The CPA Technology Advisor as an outstanding 40 under 40 technology-based Accountant in 2006 and 2009 and was also awarded South Florida Business Journal's Up & Comer Award in 2007 for her expertise in accounting. See all of Amy's articles…

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