CARET’s Post

“Time is money” they say. However, in today’s high-speed world of law firm business, time is more than just money – it is a critical resource. Managed effectively, it can significantly boost the firm’s bottom line. Here are some reasons why up-to-date timekeeping should be part of your daily time-management strategy: ·        Maximum productivity – Detailed timekeeping assists the firm in identifying productivity bottlenecks and makes certain efforts are aligned with the firm’s strategic goals leading to more effective use of time and resources. ·        Improved Project Management – Accurate timekeeping provides critical insights into project timelines and how resources are allocated improving crucial factors for sustaining client satisfaction and profitability like timely delivery of service and staying within the allocated budget. ·        Regulatory Compliance – Proper timekeeping reduces the risk of costly penalties and legal issues due to non-compliance with labor laws and regulations. It protects the firm allowing for focus on growth instead of resolution. Timekeeping is not just about tracking hours – it is about how the firm uses the information to make strategic decisions, which propel the firm forward. Let us embrace the power of precise timekeeping! How does your firm leverage timekeeping to increase efficiency and profitability? Share your thoughts below!

𝐀𝐜𝐜𝐮𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞𝐬 = 𝐒𝐭𝐫𝐨𝐧𝐠 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 👍🌱 𝙶𝚎𝚝 𝚈𝚘𝚞𝚛 𝙵𝚁𝙴𝙴 𝙱𝚞𝚜𝚒𝚗𝚎𝚜𝚜 𝙷𝚎𝚊𝚕𝚝𝚑 𝙲𝚑𝚎𝚌𝚔𝚕𝚒𝚜𝚝 👇 G'day business owners! ☀️ 𝐀𝐝𝐦𝐢𝐧 𝐠𝐨𝐭 𝐲𝐨𝐮 𝐝𝐨𝐰𝐧? 𝐖𝐞 𝐠𝐞𝐭 𝐢𝐭! DID YOU KNOW... that spending less time on admin means more time available to focus on... ✅ 𝐌𝐨𝐫𝐞 𝐭𝐢𝐦𝐞 𝐟𝐨𝐫 𝐜𝐥𝐢𝐞𝐧𝐭 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧: Imagine having an extra 10 hours a week to focus on securing new clients instead of wrestling with spreadsheets. That’s the power of streamlined bookkeeping! ✅ 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠: Ditch the endless admin tasks and gain the clarity to develop a winning business strategy for your regional NSW enterprise. ✅𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Stop firefighting financial admin and start innovating! Free up your time for research, development, and creating new products or services that will propel your regional business forward. ✅ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐰𝐨𝐫𝐤-𝐥𝐢𝐟𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞:: Juggling work and life in regional NSW is tough. 𝙏𝙝𝙞𝙣𝙠 𝙤𝙛 𝙖𝙡𝙡 𝙮𝙤𝙪 𝙘𝙤𝙪𝙡𝙙 𝙙𝙤 𝙬𝙞𝙩𝙝 𝙩𝙝𝙖𝙩 𝙨𝙥𝙖𝙧𝙚 𝙩𝙞𝙢𝙚 - 𝙞𝙛 𝙤𝙣𝙡𝙮 𝙮𝙤𝙪𝙧 𝙖𝙙𝙢𝙞𝙣 𝙬𝙖𝙨 𝙨𝙩𝙧𝙚𝙖𝙢𝙡𝙞𝙣𝙚𝙙! Don't let the admin overwhelm you! 🚫 𝐎𝐮𝐫 𝐅𝐑𝐄𝐄 𝐜𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐡𝐞𝐥𝐩𝐬 𝐲𝐨𝐮 to assess, and stay on top of cash flow, ATO compliance, payroll, and bookkeeping – so you can focus on what matters most. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐢𝐭 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐫𝐞𝐜𝐥𝐚𝐢𝐦 𝐲𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐭𝐢𝐦𝐞! ➡️ https://lnkd.in/gnquvZj7 #2025Ready #BusinessSuccess #regional #smallbusinessbigdreams #organised #victorian #nsw #bookkeeping #payroll #business #businessowner #businessgrowth #businesswoman #xero

When a client starts the conversation with “you just need do this”, it’s usually time to start asking questions, not following directions. We once had a client who announced they were offering a new done-for-you payroll service. All we needed to do was slap a short blurb on one of their websites. ☑ New corporation formed and registered. ☑ Domain name purchased. ☑ It’s go time. Not so fast. We started with a few softball questions: ❔ Who is your customer? ❔ Why would they choose you over a proven provider? ❔ What does a new client onboarding look like? This question and answer conversation went through 3 rounds of emails. The questions became increasingly more specific and the answers less reassuring. “Who”, “why”, “what’s next”, “what if”, “and then what” were all intended to guide them toward a clear understanding of the end result. It was obvious that our client hadn’t done any actual planning. They were focused on reselling another company’s services without any regard for their unsuspecting customers. It was a pure revenue play with a long list of risky pitfalls. At last they reached the right conclusion. They decided not to move ahead with their non-plan. “Your questions freaked us out.” We never told them it was a flawed, don’t-ever-do-it idea. We simply led them to discover the right answer themselves.

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Don’t miss our new white paper "Mastering the Art of Timekeeping: Navigating Compliance in Government Contracting.” Written by Jim Wesloh, our founder and president, it's a vital guide for contractors handling considerable governmental contracts where failure to comply may result in payment stoppages. The white paper elaborately discusses imperative areas like Work Authorizations, Timekeeping Mandates, Timesheet Integrity, Audit Trails for Time Entries, Direct and Indirect Cost Segregation and many more. Download here: https://lnkd.in/g_n-FJe9 #PROCAS #WhitePaper #GovernmentContracting #TimekeepingCompliance

Why settle for ordinary when you can have the best? Choose CPA Nerds as your auditor and experience top-notch service that ensures your employee benefit plan is in perfect order.

Employee feedback is the cornerstone of a thriving workplace culture! In our latest blog post, 'Reduce Turnover at Your Firm with Employee Feedback,' we explore the transformative power of constructive dialogue within your organization. Learn actionable strategies to foster open communication channels, boost morale, and ultimately reduce turnover rates. Empower your team, elevate your workplace – Read now: https://lnkd.in/dSAcdUh6 #ProCharted #EmployeeFeedback #WorkplaceCulture #ProchartedInsights

Ensure you are capturing every crucial detail to run a profitable law firm with TimeSolv’s Timekeeping Best Practices Checklist. This essential guide helps you streamline your timekeeping processes and optimize your practice data for better profitability. Download now to get the checklist and start mastering your time management! Get your checklist now: 👉 https://hubs.ly/Q02NdySd0

Building a stronger, more resilient team starts with a culture of feedback! 🌐 Our latest blog, 'Reduce Turnover at Your Firm with Employee Feedback,' unveils the power of communication in fostering employee satisfaction and loyalty. Ready to create a workplace where feedback fuels success? Read Now: https://lnkd.in/dH7up63m #ProCharted #EmployeeFeedback #WorkplaceCulture #ProchartedInsights

Our new white paper, "Mastering the Art of Timekeeping: Navigating Compliance in Government Contracting” is now available on our website. Written by Jim Wesloh, our founder and president, it's an essential read for any contractor managing significant government contracts, where non-compliance can lead to the suspension of payments. The white paper covers extensively key areas, such as Timekeeping Mandates, Work Authorizations, Timesheet Integrity, Audit Trails for Time Entries, Direct and Indirect Cost Segregation, and much more. #PROCAS #WhitePaper #GovernmentContracting #TimekeepingCompliance