Top 10 Entrepreneurial Traits of Successful Accountants

accountant with abacusTest yourself against this checklist.

What does it take to succeed in accounting?
Join the the survey; get the answers

By Hitendra Patil
Pransform Inc. 

Which accountants have the most talent for building a practice and sustaining a growing firm?

What separates successful practice owners from less successful ones?

In general, the most successful independent business owners, compared with the less successful, are:

  • three times more likely to build large businesses and to grow them significantly;
  • four times more likely to create jobs;
  • four times more likely to exceed profit goals; and
  • five times more likely to exceed sales goals.

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Intranet Is the Best Place for Firm Knowledge

computer tech lock iStock_000011879042SmallIntranets are the best way to capture and centralize firm knowledge.

By Roman H. Kepczyk
Quantum of Paperless

Firm knowledge and information is usually stored in one of four “buckets.”

  1. The most obvious is within the accounting applications themselves where tax, audit and accounting programs store client files in a format that can only be accessed with that program. Files are usually indexed and accessed in designated directories so there is not much the firm can do about moving these files. READ MORE →