leadership

kenji kuramoto: rules? what rules?

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kill the 40-hr work week, online pricing and other archaic accounting conventions. 

the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

kenji kuramoto and his business partner, mathew may, have been trying different things with their firm, acuity, for years. before the pandemic, acuity began experimenting with allowing team members to work wherever they wanted, how they wanted, and even how much they wanted to work. initially, this was to accommodate refugees from mega firms who wanted a change from the “very regimented, very time sensitive and very location-specific” norms of the industry.

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how to develop procedures for bos

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process touch screen showing workflow designevery client needs a playbook.

by penny breslin
it’s not just the numbers

as back office support, you assist your clients in making timely and accurate business decisions. in the past, you worked on hourly billing doing compliance management. everything was about time.

more: proper workflow demands consistency | tips for getting clients started on bos | the best tech for your team and clients | marketing? know your goals first | eight things to stop doing now | you don’t have to do everything | why ai is not the enemy
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when you did work for a client, you may have billed out an $18-per-hour employee at a rate of $60 per hour. when your employee took the time to call the client for the documents, walked down the hall to ask someone how they had previously handled a transaction, then waited for a document to show up with nothing to do until it showed up – all of this time was billed hourly.
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how small firms can win the talent wars

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three young people working in an officegetting creative can bring in better talent and better clients.

by frank stitely
the relentless cpa

one afternoon, the partner group of our outsourced accounting practice met for a state of the practice meeting conducted by our director of outsourced accounting. our prior director left and we were looking for someone when one of our newbies asked if he could be considered.

more: easy ways to avoid ‘done but’ tax returns | six ways to create a millennial-friendly firm | do you know your turnaround time? | why hiring out of school works | leadership growth is a two-way street | quiet quitting: are employers culturally aware? | how to guide students into accounting | three strategies to keep emerging leaders engaged
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the 25-year-old had one year of experience, and we were chasing a controller-type person. the whole outsourced practice was in shambles. revenue was nil and any clients we had were unsatisfied.
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simple controls can prevent fraud

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businessman holding up magnifying glasseven their existence can be a deterrent.

by ed mendlowitz
77 ways to wow!

i’ve talked about fraud in not-for-profits, but it is also a serious issue for business firms. here are some cash fraud scenarios and prevention techniques that can apply to all types of organizations.

more: five ways to ward off fraud in not-for-profits | manage better with the right financial tools | do you need a forensic professional? | six benefits of an internal audit | the ten financial controls that’ll make you a hero | five cash reports you can’t live without
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

scenario: one employee who is responsible for, or has access to, the handling, recording and mailing of cash disbursements creates a non-existing vendor who sends the company invoices, which are paid.
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easy ways to avoid ‘done but’ tax returns

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meeting of six peoplechange mentality and ask better questions to eliminate bottlenecking.

by frank stitely
the relentless cpa

a project hung up in process is one where there is a disagreement between people involved in a project as to the status. for example, a client thinks he has answered your tax return questions, while you believe he has not. another example is when a tax return preparer believes a return is ready for review while the reviewer does not believe it’s ready.

more: six ways to create a millennial-friendly firm | do you know your turnaround time? | tax season client meetings: kill them now | leadership growth is a two-way street | 12 subjective factors for pricing your next engagement | the six pillars for finance transformation | three strategies to keep emerging leaders engaged
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the result of a hung-up project is a dead project – one that’s not moving to completion.
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facing busy season ’23: 99% of accountants suffer burnout

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webinar set to help yourself and your team.

by 卡塔尔世界杯常规比赛时间
via the center for transformation

finding qualified talent has long plagued the accounting profession. however, with covid-19 and remote work, the past three years have ushered in a new age of attrition and burnout.

the value of personal resilience: what accountants need to know

tuesday, jan. 17, 2023, 12 pm et.

cost: $10 for cpe/free for no cpe

click here to register or learn more

a july 2022 article in accountancy age explored a survey that showed 99% of accountants suffer from burnout, with 24% reporting medium-high to high levels of burnout.  further, that burnout is generally listed as why many cpas leave public accounting.

the survey, conducted by floqast, a provider of accounting workflow automation software, and the university of georgia, used the maslach burnout inventory (mbi)—the leading measure of burnout and validated by more than 35 years of research—in an accounting setting for the first time. using a 100-point scale, the survey covered three major areas of burnout: emotional exhaustion (ee), depersonalization (dp), and low sense of personal accomplishment (pa).

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six ways to create a millennial-friendly firm

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your firm’s future depends on successfully engaging younger clients and younger staff. here’s how.

by frank stitely
the relentless cpa

do you know why millennials can’t buy houses? avocado toast is expensive. how many millennials does it take to change a light bulb? none. they accept it for what it is. buy me a craft beer and i’ll tell you a half-dozen more.

more: do you know your turnaround time?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

now, here’s why you need millennials as clients and how they increase the efficiency of your firm.

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manage better with the right financial tools

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two businessmen discussing a projectget the most out of what you’re paying for.

by ed mendlowitz
77 ways to wow!

directors and managers have many functions. a major tool is having the right financial data.

more: charity directors must take theft seriously | client hires new manager: you need a plan | anatomy of a fraud | how to explain internal controls to clients | organization minutes too often overlooked | the seven-minute financial statement
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

unless you are an accountant or have an mba, few directors or managers know what to ask for, let alone how to use what they get. here are some suggestions.
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five questions to ask your partners about accountability

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three business colleagues arguing while seated at tablefive consequences when it’s lacking.

by august j. aquila
what makes a great partnership

why accountability now?

lack of accountability is not a new phenomenon. there are several factors that have caused accountability to become an important element of successful cpa firms today.

more:how you can get partners to change | the seven building blocks of a great partnership

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the external environment has changed and firms find themselves in an environment of:

  • scarcity of people. finding good staff and developing future partners still remain critical problems for the profession. one of the key issues facing firms today is the lack of future owners. this problem has reached epic proportions that firms are requiring more of their current owners and staff.

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the life insurance that your firm needs

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//m.g005e.com/2020/04/06/accountants-are-emergency-responders-who-will-help-us-recover-from-the-covid-19-crisis/

guarantee funding when your business needs it the most.

by russ alan prince
your $5 million high-net-worth practice

there are times because of death when key people in a company are lost. key person life insurance provides funds to a business to address the financial losses that can occur when a key person dies.

more: why you need a team of experts | why a virtual family office? why now? | is your client’s umbrella big enough? | your client’s instincts are wrong | preserving wealth is a different mindset | three approaches to investment consulting
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revenue losses can be offset, and money can be tapped to help ensure the business remains viable and doesn’t fail – for example, to find a replacement or train someone to take the job of the key person who died.

this is almost always the most cost-effective approach. additionally, key person life insurance pretty much guarantees the money required will be available when needed.

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workflow tools can deepen client relationships

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pixelated blue text "workflow" on binary code backgroundbonus case study: how we work with our direct small business clients

by penny breslin
it’s not just the numbers

managing tasks and workflow through email, handwritten notes, telephone messages or walking down the hall is a recipe for disaster. a web-based tasking app, preferably linked to your document management system, allows the back office support to inspect what they expect:

  • recurring tasks done on time and accurate load leveling of resources
  • audit trail of work
  • set up, review, make notes, share information and complete tasks while maintaining the relationship with the client

more: find the best tech for your team and clients | choose your little black dress of technology | pick your favorite clients | keep the accountants focused on accounting | what do you want advisory services to be?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

tasking applications come on the market regularly and there are a few that are specific to the accounting industry. they can run the gamut in price ranges and capabilities. from advance flow to 17 hats, a firm large to small can find one that will work and fulfill 80 percent of their needs. below are some we work with and that get high reviews with our staff:
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teamwork drives firm success

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underview of 6 businesspeople in a circle with hands in center in teamwork gesturea team can’t become a standout team by dictate.

by anthony zecca
leading from the edge

leadership has responsibility and impact on creating a powerful and united team throughout the firm and an environment that motivates every single team member to their highest level of performance for the benefit of the firm, and not their own career advancement. teamwork and not individualism is a cornerstone of a strong culture that results in achieving the level of a standout, high-performing firm.

more: the two sides of the culture coin | four accountability steps for firm success | assessing your firm | incremental vs. exceptional success | is your leadership team at the edge? | leadership must drive culture
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in fact, a strong culture cannot thrive in an environment where silos exist, and individuals are more focused on what is best for their career versus what is best for the firm. teamwork is not only a key aspect of the firm’s culture, but a key factor in driving the firm’s performance to become a standout, high-performing firm.
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