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accounting firms must consider capital resources

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firms of $20 million to $50 million in revenue will be presented with many opportunities.

by gary thomson
the rosenberg national survey of cpa firm statistics

continued exploration of capital resources will be a hallmark of the next 12 months. determining the cost of strategic priorities will drive a better informed exploration of the basic question: “from where will we get our needed capital?”

editor’s note: every year, the 2024 rosenberg national survey of cpa firm statistics asks the profession’s top consultants two sets of questions:

    • how do you think the next 12 months will unfold? trends? predictions? other thoughts?
    • how would you assess the last 12 months? trends? observations? struggles?

more: firms not keeping all their clients | accounting still short on staff and students | recalibration is key for accounting profession | accounting firms upshift to corporate model | growth and complacency must concern accounting firms this year | the future of fees | how accounting firms are dealing with retirement | what’s your firm worth? private equity wants to know
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

those sources include, but are not limited to, owners, banks, private equity, mergers, esops, etc. the potential sources are abundant … determining what’s right for your firm is a unique and focused effort to get it right.
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firms not keeping all their clients

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elderly businessman with hand on door frame

plus two questions about m&as.

by carl george
the rosenberg national survey of cpa firm statistics

my list of predictions for the next 12 months:

  • firms will continue to upgrade their client profiles and disengage from clients who no longer fit. the result is more time will be spent on higher-value clients and emerging high-value clients. a strategy long overdue for some.

editor’s note: every year, the 2024 rosenberg national survey of cpa firm statistics asks the profession’s top consultants two sets of questions:

    • how do you think the next 12 months will unfold? trends? predictions? other thoughts?
    • how would you assess the last 12 months? trends? observations? struggles?

more: accounting still short on staff and students | artificial intelligence plays role in analytics, optimization | challenges for the accounting profession: private equity, offshoring, training new hires | recalibration is key for accounting profession | people development still a concern | focus on intentional growth | accounting firms upshift to corporate model | tech anxiety paralyzing some accounting firms | what’s going to happen? lots, say consultants | growth and complacency must concern accounting firms this year | solving staffing requires intention
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

  • firms realize that more training is needed for their staff than ever before. there are two major reasons behind the accelerated and deeper training necessity:

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accounting still short on staff and students

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young woman talking to man in office

firms have had to adjust.

by marc rosenberg
the rosenberg national survey of cpa firm statistics

i believe 2003-2007 was the golden age of the cpa profession because the robust increases in revenues and profits were never better. the early and mid-2020s will be named by someone much more clever than me, but many of us feel these current years of prosperity have eclipsed the golden age.

editor’s note: every year, the 2024 rosenberg national survey of cpa firm statistics asks the profession’s top consultants two sets of questions:

    • how do you think the next 12 months will unfold? trends? predictions? other thoughts?
    • how would you assess the last 12 months? trends? observations? struggles?

more: artificial intelligence plays role in analytics, optimization | challenges for the accounting profession: private equity, offshoring, training new hires | recalibration is key for accounting profession | people development still a concern | focus on intentional growth | accounting firms upshift to corporate model | tech anxiety paralyzing some accounting firms | what’s going to happen? lots, say consultants | growth and complacency must concern accounting firms this year | solving staffing requires intention | how accounting firms are handling the staff shortage | the future of fees | as private equity closes in, firms seek new answers to staffing problems
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

paradoxically, firms are still frustrated by too much business and with too few staff.

there are three areas currently causing disruption in our industry:
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who is ready for client accounting services?

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two women shaking hands across a table

ten ways to tell.

by hitendra patil
client accounting services: the definitive success guide

experience of those offering successful client accounting services shows that the fastest way to start your cas practice is to provide it to some of your existing clients. if you already have a cas practice, it is important to periodically analyze which of your clients have become a good fit for cas. it is important to note that not all of your clients will be good fits for cas.

more: wants? needs? cas helps fill both | automation can be exciting in client accounting services | eight steps for better client accounting services | do you have the client accounting services mindset? | four ingredients to your cas ‘why’ | cas clients are ‘stickier’
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

there are some easy ways to identify which of your existing clients are cas-fit, i.e., which of your clients will benefit the most from your cas offering. and then there are some not-so-easy ways to know which are your cas-fit clients.
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