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3 Tips for better meetings with your accounting firm’s clients

September 24, 2013
Read Time: 0 min

Client meetings are an integral part of being a great accountant. The most important of these meetings is often when you’re tasked with presenting the client with your financial analysis. Making the most of this meeting can do wonders for establishing client trust and retention.

Some points to consider when planning a client visit: 

1. Do not just provide data and hope your client will be able to interpret it—especially if you are not meeting with the client to present your financial analysis. Include a written report that explains, in plain language, the metrics most important to the success of that company. And with this narrative summary, length is not the goal; keep it succinct so the client is more likely to read it thoroughly. Using everyday language can help alleviate some of the communication problems associated with interpreting the data and ease the formality of the meeting. Some people are also visual learners, so including charts or graphs alongside the information can help communicate your message more effectively.

2. Connect historical financial data with its impact on future company plans. Brian Hamilton, chairman of Sageworks wrote, “Numbers are not just numbers—they tell a story of how the company is moving towards or away from its strategic objectives.” Historical numbers can provide the context needed to look intelligently forward and avoid repeating past mistakes. After all, the only data we have to predict future trends is from analyzing the company’s past performances. Once you prepare the company forecast, you can use industry data to benchmark the company against its peers and identify strengths and weaknesses. 

3. Focus your conversation on the few, key performance indicators of that business and its wider industry. Each Industry will have some KPI’s that are more relevant than others, so a stock report of common indicators should be avoided. Determine the most relevant data and metrics and explain to the client how those metrics impact revenue and cash flow, because those are two indicators the business owner definitely understands. 

    Interactions with business clients can and should be informal, so they feel welcome to ask questions. Then based on their questions (or lack thereof), you can gauge whether or not they are just seeking data or substantive advice to help grow their business. Don’t be afraid to ask them if there is more information they would like to know, or simply offer them information on the other services you provide, that could help them. A lot of times, there is a miscommunication on the services you’re able to provide and asking them questions, or informing them about these additional service offerings, is a good way to increase the synergy in the relationship. In relationships where you do become a trusted business advisor, you’ll see higher client retention, uncover additional consulting opportunities, and your clients will be much less likely to view your firm as a commodity.

    For more tips on how to offer additional consulting services to your business clients, read the whitepaper titiled, “Beginner’s Guide to Business Advisory Services.”

    About the Author


    Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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