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E-Myth – “Why most small businesses don’t work & what to do about it”

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Accounting Outsourcing | Why Two-person Accounting Teams Is Unique

Helping entrepreneurs succeed in business is extremely important, and should be the goal of their accounting outsourcing business. Industry Canada says that 50% of all entrepreneurs end up failing within five years, and the three most common reasons that entrepreneurs fail is because they cannot find a market for their product, they ran out of money in their business, and they are unable to find the right team to work in their business. The right accountant can help entrepreneurs avoid those circumstances, as well as come up with a great business plan to help them succeed.

The accountants and Associates at Spurrell and Associates chartered professional accountants, our utilizing an extremely unique method of workflow in order to help entrepreneurs succeed in business. In fact, it is so important to them that it is their number one mission in business. The way this works is for every client that Spurrell and Associates have, they get assigned their own team of two Associates. This way, they can develop a relationship with these clients, and get to know what is important to them, the goals of their business, and that can help them ensure efficient and effective accounting outsourcing tasks being done well. What this accounting team also does to benefit the entrepreneur, is that it ensures that there is always someone in the firm that is familiar with their files, their business, and their goals. Whether they need to get specific accounting outsourcing tasks done regardless of if there associate is on vacation, they know that they are not going to have an interruption of service. This is extremely important if a client also has something unexpected come up in their business, and they need to get a hold of someone unexpectedly. Even if one of the team members leaves the accounting firm, a client will never have a gap in service.

Regardless of how many Associates are working on the accounting outsourcing for a client, they are always going to have a chartered professional accountant review their work on a regular basis. And what they find, is that these accounting teams are able to provide a high level of accounting outsourcing right from the outset of working with the client. Not only because they get very familiar with the client and their business because they’re able to easily collaborate with each other effectively. When accounting teams can collaborate with each other, they can develop an extremely high level of accounting services, that entrepreneurs can use to help them become even more successful in their business than they were before.

In order to help entrepreneurs set themselves apart from their competition, they should hire the best accountants they can for their business, one whose mandate is to help them succeed in business so that they can avoid the 50% failure rate that businesses in Canada face. The hiring the right accountant, they can end up with a great tax plan to help them save money, a great business plan that can help them avoid problems as well as have a great marketing plan that they can grow their business with.

Accounting Outsourcing | Why Two-person Accounting Teams Is Unique

New and small businesses who are looking for a unique accounting outsourcing company to help them, they often are constrained by their budget. They would love to be able to hire a great accounting firm that is going to be able to give small businesses the same services that large companies have so that they can succeed in business. Unfortunately, that is not possible for most new businesses or small businesses to be able to afford. However, there is one Chartered Professional Accounting Firm in Edmonton that is working to help give small businesses exactly that. The same advantages of large businesses, at a price point easier for small businesses to pay for.

The ways Burrell Associates can do this, is by hiring undesignated accountants to work in teams of two together accomplishing the accounting outsourcing of the business. Because these undesignated accountants are working towards obtaining their chartered professional accounting designation, they have an extremely high level of knowledge but are hired out at a lower rate, can help entrepreneurs get the accounting outsourcing that they need, but at a price point, they can afford.

When the chartered professional accountants sit down to review the work of these accounting teams, they discover that the team is able to provide an extremely high level of service, then if it was just one associate working at a time on that clients information. So by hiring teams of two, entrepreneurs can end up getting an extremely high level of service. Because of the ability to collaborate, problem solve and share ideas. In order to help these accounting teams collaborate, Spurrell and Associates have designed their own workstations designed to help accountants work together. These desks sit three across, with each associate sitting on the far left and far right. The middle desk is left open for the chartered professional accountant of the firm to review, help problem solve. These three computers has three monitors mounted in front of the workstation so that Associates can easily see each otherís computers. This allows for intuitive workflow, easy collaboration, and that Associates can see what each other is working on easily. These nine screens in total can even be used to help figure out very complex problems efficiently.

Another way that is Burrell Associates does things differently than other accounting outsourcing companies, is by allowing these Associates to sit in on client meetings. Typically, other accounting firms do not let undesignated accountants do that, that is Burrell has found out that this helps Associates have an extremely high level of understanding of the client, their business, and their goals, so that they can develop strategies designed towards what is most important to them and their business.

When entrepreneurs are ready to contact Spurrell and Associates to get a free consultation to see if this is a fit for them, all they have to do is reach out and call the office at any time at 780-665-4949.