Giving it all away
Favourite press release of the downturn so far has to be that from French Duncan who marshalled an empathy driven spin for their flat results.
The Glasgow and Edinburgh said it was helping guide clients through the crisis with lots of uncharged hours that prompted the firm to admit that it had had an effect. Revenues were up by pre tax profits were static.
The cynics out there might see that only as spin. But my guess is that there’s been a large element of this going on across accountancy.
And it chimes with some other observations about the profession that have been amplified by the recession – accountants are terrible at offloading clients that bring poor returns and even worse at collecting their fees. As a result many suffer crippling cashflow difficulties at the very time they’re advising clients on how to improve theirs. The irony is almost too difficult to bear. Literally.
That said if you get it right, see clients through the tough times, they will hopefully come good for you when the economy is in a better state. That must be the calculation that a firm like French Duncan makes anyway.
And OK spin it, we don’t mind. It’s good to see even a modicum of sympathy going on in business. Whatever its motives.
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleLeveson enquiry unearths more than just phone hacking Read More...
View articleMuch to learn from the debacle over investment bank's tax Read More...
View articleInternational standard setter should Sharman's call on going concern Read More...
View articleSupreme Court will hear the case for accountants having legal privilege Read More...
View articleBaker Tilly has seen a surprising proportion of equity partners switch to salaried status Read More...
View articleSOCIAL MEDIA – love it or loathe it, our readers are talking and debating it. More importantly, they are wondering just how it fits into their b...
View article