Episode 14: How to develop Standard Operating Procedures (SOPs) for Your Accounting PracticeIn this episode of The Wize Guys, Brenton Ward and Jamie Johns talk about the importance of having Standard Operating Procedures (SOPs) in every Accounting Practice.Find out how to ensure an efficient, smooth workflow and systems that will work best. Also, learn the step-by-step guide in creating and starting to implement SOPs yet commonly overlooked processes for practice owners. Timestamps:0:57 Understanding Standard Operating Procedures (SOPs)2:59 The importance of getting the scalability and leverage of SOPs3:11 How accounting SOPs have evolved throughout the years4:15 How SOPs differ from each business model and client9:59 The freedom in creating policies through digital technology11:33 Different online video tools for recording SOPs16:10 Why you should find the balance between your checklist and working papers 17:31 Learning the various umbrellas of SOPs20:13 Tips for determining the SOPs that will work best for your accounting practice24:54 The importance of your own ‘How-to’ section26:31 The beauty and benefits of using Loom videos33:07 Steps in creating instructional videos34:24 Why traditional written instructional videos are already a NO-go36:06 The impact of having 80% ROI with a robust and reliable SOPs39:28 Defining that ‘quad to activity’40:44 Why documenting is an act of leadership43:46 How Microsoft Teams can help in recording instructional videos44:12 The idea of focusing on progress and NOT on perfectionism48:25 Some of the practical accounting solutions to-do52:16 Jamie’s key takeaways for your accounting practiceQuotations:“It's not about perfectionism, it's about progress.” - Jamie Johns“Step closer to freedom. Like it's every standard operating procedure is one step closer to being free.” - Brenton WardGET IN TOUCH!Website: www.wizementoring.comFacebook: https://www.facebook.com/wizementoring/Twitter: https://twitter.com/wizementoringLinkedin: https://www.linkedin.com/company/wizementoring/Instagram: https://www.instagram.com/wize.guys/?hl=enEmail: [email protected] the full transcript ________________ PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm: 1. Download our famous Wize Freedom Strategy Map for FREE - Find out the 96 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 2. Need to Hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 3. Book a 1:1 Wize Discovery Session – Spend 30mins with our Wize CEO, Jamie Johns, a $7M firm owner who is ready to give you his entire business plan to build a firm that can run without you – Find out more here 4. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

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