There are Two Kinds of Accounting Firms

Maze with word "plan" at the centerWhich one is yours? BONUS: The 25 best practices of the most successful firms.

By Marc Rosenberg
The Rosenberg Practice Management Library

There are two kinds of CPA firms.

The first kind of firm argues that there is not much that needs to be managed at a CPA firm. These cynics might say: “Come on. Running a CPA firm isn’t rocket science. You hang out your shingle. You get clients. You hire staff. You do the work. Bill and collect. What needs to be managed?”

MORE: Drive Your Profits with Only Four Metrics | A Crash Course in the Business of Public Accounting | How to Get Promoted to Manager | How to Create a Path to Partner | Making Partner: What Managers Need to Know | The 17 Rules for Making Partner at a CPA Firm | Who Shouldn’t Be a Partner? | Nine Reasons People Are Promoted to Partner | How to Make Partner?
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Unfortunately, many CPA firm partners think this way – maybe not consciously, but it has the same effect.

When firms learn that the lack of commitment to firm management shown by this attitude creates problems, they often hire consultants like me to help them address these types of issues: