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Time is not the future for the profession
Great stuff but is the time and fees model really the future of the profession?
Time may not be the future
@Bob time may not be the future as a basis for billing. But having started to use this system it is great for controlling the timing of jobs and what I have to do and when. Basic stuff maybe but it controls my great weakness of switching from one thing to another without considering up coming deadlines.
And my guess is that
@justsotax - over the coming years (as more and more business owners make better use of technology and switch to providers like www.crunch.co.uk) they will see lower prices and smaller margins.
Now is the time start developing the practice in a new direction with a new business model.
Timing
@Peter - how long something takes has nothing to do with what needs to be done when. You don't event need time to understand profitability (especially as people lie anyway).
The key is firms becoming more effective and being able to help their clients improve their bottom line. And, this requires knowledge.
I started using this last week. I agree with Bob that the timesheet aspect is mostly irrelevant (profitability monitoring aside) as 90% of my work is fixed fee. The workflow aspect is really good though and will help practices that are looking for the scalability of what companies like Crunch aim for.
Btw. I trialed the basic £15pm version of WorkflowMax and the far more expensive Accountancy version and found all the functions I wanted were in the cheap one.