EPISODE 198
FACULTY: Ed Mendlowitz & Ron Baker
CLASS: #TheGuide
In this episode, we have a debate on the highly contested topic of timesheets with the accounting profession's heavyweights Ed Mendlowitz and Ron Baker. Listen to find out if timesheets are still essential to running a practice, or if they are the cancer of the profession.
Chapters:
00:04:51 Introductions
00:06:24 Setting the Stage
00:07:50 Opening Remarks: Ed Mendlowitz
00:09:34 Ron's Rebuttal
00:12:53 Counter Argument by Ed
00:14:38 Timesheets Create an Artificial Ceiling
00:15:26 The Problem with Cost + Pricing
00:17:00 You Can't Manage People
00:18:49 Other Professions Who Bill by the Hour
00:21:22 Can Ed Go Without Timesheets?
00:23:24 Ron Argues that Timesheets aren't Necessary for Management
00:29:19 The Future of Accounting is Being Different
00:34:12 Inspiring your Employees
00:37:17 Inspiring the Next Generation
Shout Outs:
Jody Grunden, Jody Padar, Jody Thompson, Jason Blumer
Tags:
timesheets, time tracking, value pricing, subscription model, accounting firm management, CPA firm leadership, mentorship, managing people, client relationships, advisory services, specialization, talent retention, systems, processes, fixed fees, automation, AI, ChatGPT, organic growth, professional development, mindset shift, inspiring employees