Despite forming a critical part of the client engagement process, many accountants and bookkeepers simply do not have time to formally review and update their engagement letters. This results in a lack of clarity, often leading to scope creep and fee disputes!
To help members save time and easily comply with industry guidance, the IPA has partnered with Practice Ignition to provide their Engagement Letter templates within their award-winning product.
This partnership enables members to create bespoke engagement letters and proposals using the IPA approved templates in under 5 minutes. By leveraging the full power of Practice Ignition, members can also:
- Save time with firm-wide proposal templates which include legally vetted business terms.
- Reduce scope creep by providing transparent, clear, digital proposals to clients.
- Stay on top of client relationships with a single system of record.
- Eliminate debtors with automated payment collection & invoicing.
Putting in place a system and process around client engagements gives practitioners the opportunity to review scope & ensure they’re getting paid for all the value they deliver.
Within Practice Ignition, members can now access engagement letter templates for; SMSF, Audit, Accounting, Tax & BAS Agent, Tax Return & Bookkeeping services as well as the general set of engagement terms.
Why has the IPA partnered with Practice Ignition?
Practice Ignition is helping over 5,000 accounting & bookkeeping practices save time by automating the client onboarding process from digital proposal through to payment.
With Practice Ignition, practices can create long lasting, meaningful client relationships with impressive digital proposals and a clear scope of work, giving both parties clarity over the agreement, control through automated workflow and intelligence, and confidence around payments and receivables—all in one place.