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CHECKLIST

Overworked Accountants Are Racking Up Financial Errors

Blame understaffing and overwork. And roll in the AI robots.

By CPA Trendlines Research

Eighteen percent of accountants make financial errors at least daily, a third make at least a few financial errors every week, and 59 percent make several monthly errors, according to a new survey that blames “capacity” issues.

RELATED: Hiring Experience Vs. Training Inexperience | To Replenish the Talent Pipeline, Go Back to the Classroom | Beware the Work-Life/Workload Doom Spiral | Why the Dry Pipeline? It’s About Time | Business Model Transformation: Do It or Die | Whole Person Retention: When It’s Not Just the Money | Disruptors: Nicole Davis & JW Davis Show How to Create Your Own Pipeline | More in Staffing & Recruiting

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Is technology the best answer?

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PRO Member Exclusive

AI WealthTech: Map Cites 55 Leading-Edge Tech Firms

AI poised to be the next game-changer.

The Oasis Group, a consultancy for the wealth management industry, has released its AI WealthTech Map, a resource that financial advisors and wealth management firms can use to discover leading artificial intelligence solutions and AI-focused firms serving the wealth management industry.

MORE: Download the interactive PDF

“In the fast-evolving landscape of wealth management, artificial intelligence is poised to be the next game-changer,” said John O’Connell, founder and CEO of The Oasis Group. “It promises not just incremental improvements but a profound transformation of how wealth management firms operate, attract clients, and deliver services.” READ MORE →

AUTHORS in the NEWS

Bill360 Introduces A/R Automation

SaaS-based platform rolls out of the early-adopter phase with Jody Padar’s new book, “Radical Pricing.”

Bill360, an end-to-end accounts receivable (AR) automation app, is giving away free copies of Jody Padar’s new book, “Radical Pricing,” at the Scaling New Heights conference in Orlando, Fla.  The Tampa, Fla.-based company has built a roster of 7,000 users in small to medium-sized B2B companies since launching in August 2023 as a SaaS-based, AI-powered platform.

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OUTLOOK & ANALYSIS

Staffing Tops List of Woes at CPA Firms

The IRS comes in second, says the AICPA PCPS.

2024 PCPS CPA Firm Top Issues

via AICPA

Finding qualified staff is the top issue for all categories of accounting firms except sole practitioners, according to a biennial survey by the American Institute of CPAs’ firm practice management section.

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