As an accountant or a bookkeeper, it's our job to help our clients grow and become more profitable. One of the places we can help them increase their profitability is to help them reduce costs.
If you have a niche accounting practice, we have the extra added benefit of the knowledge of similar expenses between clients. It helps us to be able to serve our clients a little bit better because we can see similar expenses and can advise a client to change vendors to save money.
For more information on workers' compensation and to see a demonstration of how to sign up through the QBO accounting platform, how to find the best pricing on workers' comp for your client, how to switch (and more) sign up for our webinar with Lynda Artesani and Matthew Fulton, "Advisory Services: Worker's Compensation Insurance," on May 6. Register here.
Reducing Insurance Expenses
There's nothing more fulfilling than partnering with your client and help them expand their firm. Insurance costs are one of my favorite places where we can save money for a client year over year. I have saved my customer’s money getting quotes on their Liability and General Business Insurance. I do this annually at renewal time. Sometimes, the savings is quite a substantial figure.
But what about Workers Compensation? Did you know that Intuit, the maker of QuickBooks Online, has partnered with AP Intego, a workers' compensation insurance provider? Were you aware that right within the accounting platform, we can get an instant quote on your worker's compensation insurance policy? It's true!
With a few clicks, you are armed with information that you can take back to your customer. Within a day or two, you'll get a written quote.
Even if there is already a policy is in place, you can still get a quote. You do not have to wait until your insurance renewal time. The broker change form is quick and easy. Most of this is done online. In just seconds, you will have an idea of how much your client will potentially save. And then, within a day or two, you will get a formal quote, or a broker will contact you if he or she requires additional information.
The steps are simple:
Click the Workers tab and then the Workers Comp tab
You are on your way to providing your client some good value!
If you have insurance in place and you choose to go forward with the quote, a simple change of the broker of record is all that needs to be filed, and then you are on your way to saving your client money!
Remember, going the extra mile for a customer will make you shine above other accountants. A happy customer is your best referral source.
For more information on workers' compensation and to see a demonstration of how to sign up through the QBO accounting platform, how to find the best pricing on workers' comp for your client, how to switch (and more) sign up for our webinar with Lynda Artesani and Matthew Fulton, "Advisory Services: Worker's Compensation Insurance," on April 16. Register here.
Lynda Artesani
Author Bio: Lynda Artesani is the president of Artesani Bookkeeping where she uses her expertise and organizational skills to help her small business clients grow their firms, thrive and become profitable. Her specialty is working with attorneys, real estate clients and start-ups. Lynda was recognized by Intuit and invited to be a member of the Intuit Advisory Council and the Intuit Trainer Writer Network. Additionally, she is the first Expert Columnist for the QB Community forum. She also co-admins a Facebook group with Matthew Fulton to help other business owners with QuickBooks, marketing, apps, workflow challenges and much more. The group is called QB Community Live! Originally from Rhode Island, Lynda relocated to Estero Florida. She is a registered yoga teacher and teaches two classes per week. Connect with Lynda on Facebook or Twitter @lynda_artesani and subscribe on YouTube at Artesanibookkeeping.