hint: start thinking like a new client.
by hitendra patil
accountaneur: the entrepreneurial accountant
did you know 2020 is a leap year? you can leap into the new year to grow your practice.
here are 20 ways to grow your practice this year:
what the most-read articles at 卡塔尔世界杯常规比赛时间 for 2019 tell us about the top issues and opportunities for 2020.
by 卡塔尔世界杯常规比赛时间 research
new 卡塔尔世界杯常规比赛时间 study shows broad interest in cas, but also widespread failures to achieve hoped-for goals.
by 卡塔尔世界杯常规比赛时间 research
client accounting services (cas), the full-menu offering of taking over many of a client’s routine internal bookkeeping chores, is fast emerging as an essential growth strategy for accounting firms across the nation, according to a new 卡塔尔世界杯常规比赛时间 research study, perhaps the broadest such study undertaken in the field so far.
join the survey. get the results: the questionnaire remains open and all participants receive a special topline executive summary of the results at no charge, just for joining the survey. take the survey here.
but most firms admit they’re falling short of their financial and operational goals for cas, illustrating the daunting challenges for accountants seeking to shift from traditional compliance services to the high-margin, fast-growth role of a so-called trusted advisor.
you’ll be more efficient and better connected.
by jody grunden
i believe it’s important for accounting firms to standardize their technology “stack.” having a standardized tech stack of applications helps to automate every corner of your workflow.
more: automation and the future of accounting | the rise of the virtual cfo | ready to be a virtual cfo? | the only three metrics you need to measure staffers
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the applications you use should be seen as an extension of your business. your onboarding process will be more effective if your team doesn’t have to learn a new set of tools every time a new client comes on board.
read more →
sometimes small bait catches big fish.
by ed mendlowitz
call me before you do anything: the art of accounting
i’ve written about quickbooks and how we became the largest qb consultants in new jersey along with receiving a few clients with very substantial fees. i’ve gotten some calls asking about them and what we did, so here is a description of three of them.
more: why we train on excel, word and adobe | i used to hate quickbooks | things change | how to be ’the other guy’s accountant’ | why we ‘kill’ to get partnership returns out quickly | my first thought is to never turn down business | becoming an expert in irs collections
the first client was someone who called asking to spend only one hour with us. at the time our minimum was five hours. we figured we would do him a favor and we told him the hourly rate if he would come to our office. he was a very nice, well-dressed man and spent the hour. he called us about a month later and asked if he could “buy another hour.”
read more →
are you letting your clients know all the value-added ways you can make their business lives better?
by ed mendlowitz
call me before you do anything: the art of accounting
here are some value-added benefits to consider when performing obligatory services such as an audit or tax return, or any work for a client.
more: stop pricing by the hour | things change | how to be ’the other guy’s accountant’ | why we ‘kill’ to get partnership returns out quickly | my first thought is to never turn down business | the background to saving a business
this is not – cannot be – a complete list, but you can use this to help think about the benefits and value you bring to the client on every project or assignment you do for them. have a look, and let me know in comments what you think. what would you add to the list? what would you eliminate? read more →
small firms find a new revenue stream.
by hitendra patil
fresh insights are emerging from 卡塔尔世界杯常规比赛时间’ new survey, “client accounting services: trends, issues & opportunities.”
join the 8-minute survey. get the answers. you will receive, for free, the topline executive summary of the survey findings, just for participating in this survey.
it is possibly one of the largest cas surveys ever, with 3,771 (and counting) accountants responding to the survey.
free webinar to unveil the results of client accounting services survey.
join 卡塔尔世界杯常规比赛时间 expert author hitendra patil for a complimentary one-hour webinar (with 1 free cpe credit) addressing some of the most common cas questions accountants are asking, and some fundamental common answers that can make your cas practice successful. read more →
client
smallest firms plagued most by growing tax complexity.
via aicpa
staff recruitment remains the top issue for most cpa firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the aicpa shows.
today’s best talent, career, and growth strategies
join the survey: get the answers.
“finding qualified staff” is the no. 1 issue for every firm-size segment except sole practitioners, according to the 2019 pcps cpa firm top issues survey, matching the topline results from the last survey two years ago.
how human-centric artificial intelligence will help.
by hitendra r. patil and eli fathi
artificial intelligence is set to transform many professions. as ai shifts from news and hype, it will significantly change how people work in their jobs.
more: how to be ready for real artificial intelligence | how accountants can ride the artificial intelligence wave | automation makes it easier for accountants to offer cybersecurity | the why, what and how of cybersecurity for accountants | blockchain: what you need to know now | the what, why and how of artificial intelligence for accountants | the client of the future | the rise of the robot accountant: opportunity or threat?
the internet and cloud technologies transformed the workplace. similarly, ai will refine, reshape and even replace many of the tasks we do every day.
read more →
what to know before investing in new technology.
by hitendra patil and eli fathi
to use ai or not?
that is the question for accounting and audit firms looking toward the future. there is a lot of fear, uncertainty, and doubt regarding the availability, adoption and use of artificial intelligence-based systems. there is even some misleading information within the broader community of accounting and audit tools.
more on entrepreneurial strategy: how accountants can ride the artificial intelligence wave | the client of the future | the rise of the robot accountant: opportunity or threat?
a wide range of claims and news can be found online, from ai “not being ready” for accounting, to questioning the benefits of artificial intelligence. vendors stating their solutions are ai-enabled may be adding to the confusion. read more →
also closely examined: whether clients are the right fit.
by sarah dobek
the rosenberg survey: national study of cpa firm statistics
it’s all about transition. the transition of leadership feels like it’s peaking at a lot of firms. if firms aren’t on the tail end of a transition, they’re in the middle of it.
more from the map survey: 2019: the biggest tech changes yet | why you need a tech strategy consultant | 2019: why small firms shun mergers | 2019: expect more alliances | 2019: firms grapple with change | staff policies improve, but not mentoring
among these transition opportunities, we’re noticing a few things.
read more →
let machines crunch the data. you provide the insight.
by hitendra r. patil and eli fathi
you are already riding the ai wave to some extent because, most likely, your car has some ai built into it. you ride it to work. how about riding artificial intelligence at and in your work?
more on entrepreneurial strategy: automation makes it easier for accountants to offer cybersecurity | the why, what and how of cybersecurity for accountants | the client of the future | urgently required: a new definition of accounting | is blockchain a cloud killer? | how to beat automation in accounting | 3 reasons small firms stay small | the new needs of people at accounting firms | 4 pillars of future firm foundation | do you want a practice … or a business? | 3 apps to automate business networking
in today’s economic environment, it’s not enough to offer services in the same way that it’s always been done and hope that business will thrive. many accounting firms are embracing new technology, such as robotic process automation, cloud-based analytics and dashboards to offer a competitive edge but the industry has come to a crossroads. while these computer-assisted and rules-based tools are considered the norm, ai and machine learning solutions are driving the leading edge.
read more →