Accounting can sometimes be a stressful industry.
A recent survey from the Association of Chartered Certified Accountants (ACCA) found that 58% of public sector accountants reported stress and mental health concerns. It can be hard for some professional advisers to relax and de-stress.
So, prioritizing a good work/life balance is vital for your well-being.
If you and your practice team are happy, relaxed and not overworked, you’ll deliver better advice to clients. And you’ll also enjoy your work far more. But in the pressurized environment of a busy accounting practice, how do you support that positive work/life balance?
Sit back, relax and take in these 10 simple ways to power a more relaxed accounting firm.
In some firms, working past midnight on an important project was (wrongly) seen as a badge of honour. But when you and your team work deep into the night, that’s not a recipe for success.
Tired, overworked team members make mistakes and stupid errors – and that’s probably not how you want to run any engagement, right?
There’s real value to setting clear working hours, so the whole team can clock off at an allotted time. Then you can come back tomorrow refreshed, engaged and without the need for three short blacks from the local coffee bar to get you started.
Maintaining employee job satisfaction demands a better approach. To keep your team refreshed and productive:
Many studies have shown that the human mind focuses best when working in periods of 90 minutes. So, it’s not a good idea to work flat out through the day, without taking proper breaks.
When your concentration slips, you’re more likely to make mistakes on complex pieces of client work, or miss out on important observations when reviewing a client file. And that has the potential to lead to a truckload of problems further down the line — especially during busy season.
Make sure you and your team take regular breaks throughout the working day. Give yourself a rest, whether it’s a quick chat at the water cooler, or a stroll to the local sandwich shop. And make sure to stay active, hydrated and well-fed. You’ll feel better for it.
To keep you refreshed and on the ball:
The old ‘we work hard and we play hard’ maxim is a cliche. But if you only focus on work, that’s going to make for a pretty dull work environment for your practice staff.
Taking time to de-stress and make life at home more manageable can have a positive impact until it’s time to return to work. If there's difficulty achieving balance after hours, consider delving into hobbies or structured activities that simplify personal time at home. For instance, meal kits for beginners are excellent options for busy professionals seeking convenient and healthy meal preparations without hassle. These meal packages provide diverse options tailored for simplicity and efficiency.
Keeping your people happy and energised is important, so there’s a balance to be found between getting the work done and also finding the time to relax, socialise and bond as a team.
Many firm owners arrange after-work drinks or snacks with the team and get proactive about socializing together. It’s a great way to crack open a beer or a juice and to have a good yabber about the day.
What’s going well? Which clients have been causing aggro? How are things going with family, hobbies and life in general. It’s a great chance to unwind and get to know each other.
To put the fun back into your practice team life:
It’s extremely rewarding to get your firm involved with helping the local community. As a business, there’s real merit to doing something charitable.
It’s not just about doing something wholesome and good for these deserving charities or social enterprises. There’s also an opportunity to raise awareness of your brand, your people and your values as a firm.
Giving something back is a good way to engage with the firm’s community and do something special for the community around you. It also helps everyone involved to maintain a healthy work/life balance.
Maybe your team could go on a working bee to help clear up the local park? Or you could run a charity event to raise money for good causes. You get to do something positive AND get to turn off the old work brain for a day.
To become a pillar of your local community:
Sports and games are a great way to build some team spirit while kicking a ball around, or getting competitive with other local firms and businesses – just try not to maim the senior partner when going in for a tough tackle!
Not everyone will be a sports nut, but the sports-loving members of the firm will love a bit of friendly competition. You could get involved in a local footy league, try your hand at cricket or dive into a bit of swimming.
Anything that gets you and the team active and away from the office is a good idea.
And, who knows, you might win a trophy!
To raise the sporting stakes at the firm:
Connecting with your clients is a great way to boost those all-important client relationships.
As an adviser, you want to do as much as possible to offer helpful ideas and insights. Running client seminars and events takes you away from the usual practice work and puts you in front of a room of eager, engaged business people.
It’s an opportunity to offer advice, but also to get to know these clients more closely. Have a chat, eat a slider (or five) and find out what makes your clients tick.
Yes, AI is transforming the way the basics of accounting are managed in 2023. But having that face-to-face time with your clients is still a top way to relax while also expanding your client relationships.
To help chill out with your clients:
It’s OK to not be OK. But do you really know how your people are coping?
Are you on the ball with how well your practice employees are dealing with the pressures of their workload and targets? And does the firm have a culture that promotes talking about mental health?
Checking in with your practice staff is important and an opportunity to find out if they’re facing any challenges. Are they coping alright with the workload? Are they feeling stressed about anything? Is their family life all OK?
If you don’t ask, you don’t know, so regular informal catch-ups are a vital way of opening up the conversation.
To be more supportive for your team:
However much you love your job, there’s always value to having a day off. Time off might be needed to manage other life responsibilities, to take care of a family member or loved one, or just to ease off the pedal a little and to focus on your mental wellbeing.
Offering staff free ‘doona days’ as part of their standard benefits package is becoming increasingly popular. If an employee is having a bad mental health day, taking this day off to rest and recover can be a life-saver.
It’s also good to offer personal time within the working day for meditation, relaxation and other de-stressing activities — it can drastically improve job performance.
To make your benefits package more attractive:
Keeping on top of all the touch points, documents and data involved in a client engagement can be a frustrating job. There are so many threads of information to pull together, and it can be a headache to find the exact document or data point you need.
Make your data collection, filing and storage of important information organised and it will be far easier to locate the info you need – removing a heap of stress from managing the engagement.
Using cloud-based collaboration, data collection and storage solutions makes it easier for accounting professionals to stay organised. Put all the client information in one place and access it with a press of a button.
To reduce the stress of searching for client information:
So much of a busy accounting firm’s work is driven by process and admin tasks. With the latest breed of practice software solutions and apps, there are tonnes of opportunities to automate some of the more time-consuming tasks and admin duties.
In a nutshell, ramping up your use of automation is one the simplest ways to ease the workload and take your foot off the accelerator.
You can automate your client’s bookkeeping, the collection of client documents and even the invoicing and payment of your practice fees. With less admin tasks to complete, your team can get more done. And that free time offers more ways to rebalance their working day.
It’s a shortcut to a better work/life balance.
To lighten your workload and reduce your stress:
Running an accounting firm is such a rewarding experience for many advisers. But it’s crucial to look after the welfare and wellbeing of yourself, your partners and your practice team. A happy team isn’t just a more productive team. When everyone in the practice feels engaged and relaxed that’s good for your culture, your staff retention and the future of the firm.
Keep that work/life balance in mind, and use every hack available to support your wellbeing.
At Content Snare, we aim to offer the easiest, most stress-free way to collect your clients’ documents. Instead of causing tempers to rise through frustrations and constant chasing of unresponsive clients, we make it easy as pie to get the info you need.
With Content Snare in your practice app stack, you get:
Don’t get stressed out about missing content. Use Content Snare to collect and save all your client documents in one place – and watch your stress levels drop!
Try Content Snare for 14 days and add some relaxation to your content collection.
Dražen Vujović is a journalist and content writer. More importantly, he is a father of two and a long-distance runner.
