Advisory Services Intuit® Practice Management speeds workflow, handles hundreds of tasks, and saves hours of documentation Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Scott Cytron Modified Aug 22, 2023 3 min read Jim Sylvester, a CPA and sole practitioner who lives and works in a suburb just outside Philadelphia, opened his own firm in 2012 to focus on CFO advisory services. Similar to many other tax and accounting professionals, he thought his work life was organized and in order; after all, he had a computer and built-in software. What else would he need? Growing pains When he began adding more clients who needed his advice on a wide variety of activities – from liquidity and business process outsourcing, to bankruptcy and turnaround work – he quickly realized that no two days were alike, and no two calls or meetings were the same. “If they want to refinance their debt or buy a building, I’m the first person they call for an opinion and to assist in the process; if there’s a lawsuit, they call me first,” says Jim. “Working in advisory services, there is no set routine and no standardization, and it’s not uncommon to have one client who has six to eight immediate needs after a call, with 100 tasks to handle in a specific timeframe. I needed a way to keep track of all of this.” An always-on solution A big white board? No, too small to hold all of the information. Electronic sticky notes? Too hard to keep up with. Multiple spreadsheets with tabs? Too complicated. Instead of using any of these seemingly quick fixes, Jim turned to Intuit® Practice Management. Immediately after seeing a demo, he realized what he had been missing: a single source of information that could more easily handle all of his emails and tasks, and scale alongside his firm’s growth. “Intuit Practice Management keeps track of all the work that needs to be done. With as many clients as I have with as many assignments, that’s a major plus, especially the ability to copy tasks to multiple clients,” he says. “Add to that the time savings I get from the triage function; emails are one and done, saving me a significant amount of time. Best of all? I’m making more money because I’m able to bill my clients much faster than before.” Working only with CEOs whose company revenue is $1 million to $30 million, Jim is using Intuit Practice Management differently than other practitioners who are more likely to integrate it with Intuit ProConnect™ Tax, Lacerte® or ProSeries®, and use it in a team environment. Nevertheless, he’s sold on the built-in organizational abilities and cloud technology. “My best day is when I get a call from a CEO who needs my help or when it’s someone new who wants my advice. Without a way of keeping up with the details, I wouldn’t be able to address immediate needs and manage everything else I have.” With Intuit Practice Management, Jim has seen a: 40% increase in billings in 2020, with a projected 40%+ increase in 2021. 75% increase in the number of clients. Large decrease in the number of hours spent locating client information. At a glance Customer: Jim Sylvester, CPA, MBA Firm: G. James Sylvester, LLC Location: Kennett Square, PA Size of firm: Sole practitioner Niche focus: CFO services Intuit Software: Intuit Lacerte Tax, QuickBooks Online, Intuit Practice Management, eSignature Find out how Intuit Practice Management can help your firm be more productive and efficient. Contact us today for a demo or call 833-978-6830. Previous Post Extreme bookmarking and managing your apps Next Post Intuit® Practice Management helped Heather Satterley grow her firm more… Written by Scott Cytron Scott H. Cytron, ABC, is editor of the Intuit® Tax Pro Center. He brings more than 35 years' experience in accounting and financial services to the profession. An accredited consultant, Scott works with companies, organizations and individuals in professional services (medical, legal, accounting, engineering), high-tech and B2B/B2C product/service sales. Follow Scott on Twitter @scytron. More from Scott Cytron Comments are closed. Browse Related Articles Advisory Services Caleb Jenkins, EA, on the value of advisory work Advisory Services Andrew Poulos, EA, on the value of providing advisory s… Advisory Services Jim Buffington, CPA, on advisory services and the futur… Advisory Services Yusuf Balogun, CPA, on artificial intelligence and advi… Advisory Services Creating an advisory workflow in the cloud Advisory Services TaxProTalk: A firm transitions tax software to grow, mo… Practice Management Tax Pro Forum: How to Have Your Most Productive Tax Sea… Advisory Services Chris James, JD, on offering advisory services Advisory Services Advisory Checklist: Lead with tax planning and advisory… Practice Management How Can You Implement a Firm of the Future Workflow?