In an accounting world obsessed with advisory services, it’s strange that we often overlook the foundational aspect of relationships: communication. 

You don’t need to be a research expert to find countless articles online detailing the vital importance of advisory services for accounting firms preparing for the future. As AI and machine learning advance, the thinking goes, compliance accounting based on computational accuracy and efficiency will become less valuable, forcing firms to lean on consultative services to generate value. The logic makes perfect sense, but knowing you need to improve and having the tools to do it are two entirely different matters. And when it comes to advisory services, no tool is more important than effective client communication. 

What’s important to note here is that successful communication for advisory accounting is much more complicated than what’s required for compliance services. When your main job is making sure documents get filed on time and the numbers add up, your main job as a communicator is to be timely, succinct, and clear. However, when you want to actually help your clients improve their businesses, you need a greater range of communication tools. To frame it another way, you can’t just be a good service provider; you have to make a real connection and be a trusted confidant. That trust is built through multiple interactions and conversations, and if you have the tools to make the most of those conversations, you’ll be more helpful as an advisor. With that in mind, here are some ironclad communication tips for the advisory era. 

Ask questions early and often

Whether you’re having the first sit-down with a new client or chatting with a business owner you’ve known for years, you need to ask pointed questions in order to learn about their business. Understanding the mission and values of a business allows you to animate your analysis with knowledge of the qualitative parts of running a company. Similarly, learning the pain points your clients deal with regularly will help you provide individualized advice. No business owner wants to feel like they're getting cookie-cutter suggestions. 

You have to be willing to dig deeper for detail and reframe questions when you’re not getting enough information. Taking the time to really investigate a client in as many ways as possible shows that you care and are invested in their success. It will also provide a much clearer picture of their operations.

Combine data and narrative

As an accountant, you know how to look at numbers and see the story they are telling. Many clients don't share this skill. You can’t just show a client a spreadsheet and expect them to figure out its deeper meaning. To close that gap, it’s so important that you contextualize numbers in order to help them make sense of your advice. The hard truth is that the quality of your advice or its basis in statistical fact doesn’t mean much if you cannot present it in a compelling way. If you’ve done your homework and asked good questions, you’ll be able to attach your findings to a story that resonates with the client. 

Becoming too reliant on narrative is also a problem, though perhaps one fewer that firms fall victim to. Nevertheless, you can’t offer advice based on hunch or gut feelings alone. The data has to tell the same story you are. Finding the right balance between numbers and narrative will strengthen the impact of any consultation. 

Adapt Style to Client Preferences

In some ways, clients resemble your friends and relatives. Like those in your personal life, your clients will each have individual ways of communicating. Some clients will prefer unvarnished honesty in the simplest terms possible while others may require a more delicate touch. Delivering advice to clients in the style that makes them feel comfortable and cared for will go a long way in them acting on it. In this respect, some clients may prove much more difficult than others. If you want to succeed in advisory, though, you have to make the effort to find the communication methods and styles that work best for the people you serve. 

There are many ways to strengthen the suite of advisory services at your firm, but none will have as wide-ranging effects as focusing on the basic necessity of effective communication.

Every business’s goal is to have happy clients. This means doing what it takes to serve them well and above their expectations. As a woman in the workforce, Jackie Cardello had to learn to deal with growing a family and keeping her job. Today, she is the President and Managing Partner of GRF CPAs and Advisors, and she talks with Amy Vetter about her journey to the top. Jackie shares that as a woman, there is more pressure and expectations when it comes to balancing work, especially in an environment that is primarily male-dominated. In this conversation, she inspires women that they, too, can be successful in their jobs while raising kids and having a life outside work. Jackie highlights the importance of communication and accepting the fact that you can have it all if you want it. You just have to figure out a way and be flexible with it.

Listen to it here

The Cherished Advisory Services Practice Roadmap Course & LoveMyClients 5-Day Challenge

If you are in Advisory Services and would like to learn more about my Cherished Advisory Services Practice Roadmap online course, sign up here. To get a taste for what you’ll experience in my course, you can also join my LoveMyClients 5-Day Challenge from Sept. 20-24. Space is limited so sign up now at: www.businessbalancebliss.com/courses/lovemyclients.