A simple practice management reminder: accept credit cards

BVR's most recent Business Valuation Firm Economics and Beast Practices Survey suggested that over half of BV firms accept credit cards as a way to accelerate cash collection and reduce billing disputes or writeoffs. Ron Seigneur, who was speaking at the NACVA Conference in Miami, advised all BV firms to "go down to Wells Fargo or whatever bank they use and sign up for merchant services."  Ron is a founder of YS Advisory Services, which helps appraisers and lawyers with quality control, report review, training, and other practice development initiatives.

PS:  BVR will update it's biennial Firm Economics Survey later this summer.   If you'd like to participate (and receive the participant's discount), send us an email.