Trustur AI
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Done for you in 10 minutes.
Walk away with a comprehensive diagnostic report analyzing your accounting firm's operational efficiency, realization rates, and growth opportunities.
10 minutes · Get one month for $19.99 · Already have an account? Sign in ›
Running an accounting practice often means spending so much time keeping your clients compliant that you neglect the financial health of your own firm. An Accounting Practice Health Assessment Report is a diagnostic deep dive that stops the cycle of firefighting. You need this comprehensive evaluation when you feel your team is burning out despite strong revenue, when your realization rates are slipping, or when you are preparing the firm for a leadership transition, merger, or sale. A truly exceptional health assessment goes far beyond basic balance sheets; it connects your operational workflows directly to your financial performance. It shines a light on bottlenecks in your tech stack, identifies underpriced services, and maps out clear, actionable steps to reclaim your capacity and boost profitability. Ultimately, this report provides the exact strategic roadmap you need to transform your practice from a demanding daily job into a highly efficient, scalable, and valuable business asset.
The realization rate is calculated by dividing the total amount actually billed to a client by the standard value of the billable hours recorded on that engagement. For example, if your team logs $10,000 worth of standard time but you only bill the client $8,000 due to write-downs, your realization rate is 80%.
A healthy target for a progressive, growing accounting firm is between 80% and 85%. Falling below 75% indicates significant issues with scope creep, manual workflow inefficiencies, or underpricing that require immediate corrective action.
This report serves as a powerful pre-sale due diligence document that demonstrates your firm’s operational maturity and cash flow stability to buyers. By proactively identifying and fixing workflow bottlenecks, you can command a much higher valuation multiple during negotiations.
You will need to provide your practice management data from the past 12 to 24 months, including timesheets, billing histories, and realization reports. Additionally, sharing your organizational structure and a list of your current software applications will help evaluate overall operational workflow.
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