It’s no secret that the days of hourly billing in the accounting industry are coming to an end. So, as fixed fee and value pricing become more and more prominent, and time no longer represents a metric of success, accountants must find other metrics to focus on.
These new success metrics are called cloud metrics. With the help of cloud accounting software, such as QuickBooks Online and integrated cloud apps like Practice Ignition, real-time reporting and cloud metrics are now very easily accessible for accountants and bookkeepers.
The following seven cloud metrics, when used correctly, can ignite growth in a firm, enable better decision making, and make the move to fixed fees and value-based pricing 100 percent worth it.
To read the "Firm of the Future" story here.