Developing and monitoring learning metrics. By Michael Ramos and Cate Miller Accounting is the language of business. CPAs help business owners understand and manage their business by analyzing financial and non-financial metrics. To improve the results of the firm’s professional development efforts, … Continued
Accounting and legal professions mourn loss of pioneering innovator in professional services marketing. By Rick Telberg CPA Trendlines The accounting profession lost a pioneer and innovator when Bruce W. Marcus died last month. And many of us lost a beloved … Continued
But staffers need convincing and partners are still the biggest slackers.
By Roman H. Kepczyk
Quantum of Paperless
Studies done over the past two decades have clearly shown that there is a significant improvement in realization for firms that enter, release and post time and expenses on a daily basis. This process allows for daily or “hotel” type billing, which is sent out with the completion of each billable project.
As many as 32 percent of firms today are still using manual billing sheets, while the rest of the industry is preparing the majority of invoices on screen, according to a survey of 300 multi-owner firms.
New research shows “givers” outpace others in life and in business. Are you a “giver” or a “taker”? Take the 10-minute test.
By Hitendra Patil
Pransform
Imagine that one of your clients calls you up and expresses his gratitude for the help you gave him.
You wonder: “I just gave him the balance sheet and told him that his business model needs some adjustments. I did what I have always done, so why is he thanking me so big? But, yeah, I do feel happy my client thanked me.”
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There is a huge new opportunity for accountants to reconnect with the real purpose of the profession, i.e.: becoming not just a trusted advisor for businesses and people but literally the “business strategist” for their clients. Who else understands the “language of business” as well as accountants? READ MORE →
Say good-bye to your old friend “SALY”
By Roman H. Kepczyk
Quantum of Paperless
Traditional audit practices use the previous year’s audit programs and processes updated for the current year as their standard operating plan.
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Eventually this can lead to a significant amount of “overauditing.” Breaking this habit is difficult as every level of staff has been trained in the manual processes and falls back on them when deadlines approach. READ MORE →