What Successful Accountancy Owners Won't Tell You

By Shoaib Aslam

I started my first accountancy practice with only £10.00 in my pocket. Less than 10 years later I was turning over £1M a year with zero debt and zero equity investments. I spent many late nights over the last decade and invested thousands and thousands of pounds in finding ways to turn an accountancy practice into a profitable machine while at the same time reducing its workload. 

 

This book contains the succinct details of the culmination of that research. And my practice is the evidence that it can be done. 

 

I waste no time with frills and long-winded language. I get straight to the point on how YOU can reduce your workload while increasing your profit. 

 

I can share all these secrets with you because accountants are not my competitors. Accountants are my clients. 

 

Using this book, you can IMMEDIATELY start increasing your productivity while reducing your workload. This book is short and to the point. It is designed to get you turning a profit NOW. 

 

My intent is for this book to become a manual for you, a handbook, something you turn to over and over again as you build your practice and reduce your workload a little more each month. I waste no time with wordage. I give you solution after solution, tool after tool, and share my personal experiences with them. 

These are the tools which WORK. No sales pitch, no PR. They get the job done, they reduce workload, and they are revolutionary in the accounting world. 

 

Of course no accountancy owner would ever tell you these things. 

 

Until now. 

 

Shoaib Aslam, ACA BFP FMAAT
CEO and Founder of We Run Your Practice

• Language: English
• Publisher: Shoaib Aslam
• Release date: Apr 1, 2020
• ISBN: 9781393407560

Shoaib Aslam

I started my first accountancy practice in 2008 with only £10 in my pocket. In just a few years my practice was turning over £1M a year with zero debt. I’ve spoken at national events including the BBC, QuickBooks, and am a motivational speaker at several universities. Interviews with me have appeared on various accounting networks such as AccountingWeb and Sage. I have always been highly interested in technology, and consider myself more of a tech and business guy than an accountant. I have received hands-on training by some of the biggest names in marketing, which knowledge I have used to increase my companies' market share in the industry. I run several businesses, all in some way related to accounting or consultancy. My accountancy practice has won multiple awards, including runner-up for QuickBooks's FIRM OF THE FUTURE AWARD due to our firm's efficiency and productivity in systems and controls. My business, We Run Your Practice, has revolutionised "Outsourcing" for accountancy practices, offering a never-before-heard-of method of managing an accountancy firm's day-to-business where we take on all the workload and yet the practice keeps its clients and its profits.

Book preview

What Successful Accountancy Owners Won't Tell You

Keep Your Clients, Lose Your Workload

Shoaib Aslam, ACA BFP FMAAT, Co-Founder of We Run Your Practice

https://werunyourpractice.com/

How to turn more profit in your accountancy practice while working less hours—tips and advice from someone who turned £10 into £1M (with zero debt and zero equity investments) within a few years of starting his accountancy practice.

Copyright © 2020 Shoaib Aslam

The moral right of the author has been asserted.

First Edition.

No part of this book may be used or reproduced in any manner whatsoever without written permission of the author, except in the case of brief quotations embodied in critical articles and reviews.

CONTENTS

Rags to Riches

How to read this book

The road up—years of hard-won knowledge

Accounting is a tight-margin industry—Perceived Value vs Actual Value

The Only Three Reasons Your Workload Is Too High

Software Makes The World Go Round

Software And Online Tools To Reduce Your Workload

Zapier

Email Parsers

Dropbox

Monday.com

Keap (formerly Infusionsoft)

Practice Ignition

Microsoft Teams

Salesforce

GoCardless

Natural HR

Calendly

Slack

Airtable

Artificial Intelligence and RPA

Accountancy-specific Software and Tools to Reduce Your Workload

Taxfiler

IRIS

Senta

AutoEntry, Hubdoc, Receipt Bank

So MUCH more

Reduce Workload Through Better HR

Paid Assessments

Background Checks

Communication

Referrals

Technology

A cautionary word on outsourcing

Reduce Your Workload Through Better Marketing

Google Ads

Search Engine Optimisation

Social Media

We Run Your Practice

Rags to Riches

I was 18 years old when I entered the world of accountancy and worked my way up qualifying with PwC (PricewaterhouseCoopers) as one of the youngest accounting professionals to start up an accountancy practice. I had spent most of my savings on the final ACA exams and when I started off, I only had £10 in my pocket. I invested that £10 in a terrible second-hand desk which gave me backache from its lack of ergonomic design.

And then I got to work.

I was 22 when I decided to aggressively seek out technological ways to reduce my workload and increase my practice's efficiency. Less than 5 years later, I hit my first £1M turnover. That was with zero debt and zero equity investment.

In addition to my business, I have also been interviewed on the BBC and spoken at conferences nationwide for some of the FTSE 100 Companies as well as software giants such as QuickBooks. I have held tax lecturer roles in the past and now occasionally am asked to be a motivational speaker at various universities. My interviews have appeared in places such as Accounting Web and Sage to name a few.

I am not being immodest. It is always difficult to write about oneself when one is successful. But there is no way around it in this kind of a book. This is a book for business professionals, for people who take profit seriously, and who want to make that profit while working more efficiently.

So I must tell you these things, because you need