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