chandra bhansali explains “the cloud” [video]

creator of famed accountants relief brings the latest technology to market.

always on the leading of technology for accountants, the president of accountantsworld explains the cloud and saas computing in the simplest, clearest way we’ve ever heard. we caught up with him at the new york accounting technology show.

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accounting adds 1,100 jobs in april

the bureau of labor statistics reported today in its monthly employment situation report that the accounting and bookkeeping sector gained a preliminary 1,100 jobs in april, reaching a seasonally adjusted workforce of 912,200.

accounting and bookkeeping services. click to enlarge.

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cpa2biz and xcm solutions form strategic alliance

partnership increases efficiency, productivity for cpas.

via cpa2biz

cpa2biz, the leading national provider of web-based solutions for cpas, and xcm solutions, llc, a pioneer in work-management technology for the accounting profession, have formed a strategic alliance. the agreement brings xcm solutions’ workflow automation capabilities into cpa2biz’s trusted business advisor sm solutions cloud computing platform.

watch and listen as xcm executives tell 卡塔尔世界杯常规比赛时间 about what it means for accountants and accounting firms:

the year of cloud computing launches at ny show

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companies shun xbrl, despite mandate

“it’s concerning.”

in a national survey of cfos and senior comptrollers conducted by grant thornton 64 percent of public companies do not currently report financial results using extensible business reporting language (xbrl); and of those, half have no plans to in the future even though the sec mandated that public companies have to report their financials using interactive data by 2011.

“it’s concerning that almost a third of public companies still have no plan on using xbrl to report their financials despite the requirement that all public companies comply with xbrl filing requirements by mid-year 2011,” said sean denham, a partner in grant thornton’s professional standards group and a member of the aicpa’s xbrl task force. “i foresee a lot of companies playing catch up as the 2011 sec deadline approaches.”

does your company currently report financial results using extensible business reporting language (xbrl)?

if no, when do you plan to report using xbrl?*

* percentages may not total 100 due to rounding.

the year of cloud computing launches at ny show [video]

with the focus of the profession shifting, 卡塔尔世界杯常规比赛时间 is officially declaring 2010 as the year of the cloud for cpas.

forget the recession. never mind client defections or the staffing crisis. the talk of the new york accounting technology conference is all about cloud computing.

the central news event of the conference was the disclosure that  the aicpa’s cpa2biz unit is adding xcm workflow solutions to its stable of marketing and distribution offerings, joining intacct, bill.com, paychex and copanion.

watch and listen as xcm executives mark albrecht, ceo, and glenn keenan, president, explain what it means for the profession and aicpa members:

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celebrate your clients: see what happens next

mark stevens advises: instead of saying ‘thank you,’ show customers some real appreciation by giving them your time.

stevens

my firm’s best and most productive business relationships are born when a client enters the room thinking they know what they want, and using experience, insight and intuition, we prompt them to change their mind.

the goal is never to be contrarian for its own sake, but to celebrate your client in such a substantive way that you care enough to:

  1. invest in the development of a wiser solution than what the knee jerk response would be.
  2. take the risk of displeasing the client at the outset because you don’t agree with them.
  3. engage in something far more powerful than a vendor relationship by transitioning to a collaborator. the fact is, the process of collaboration not only leads to an unusually close affiliation but opens doors of opportunity that are richer and more sustainable than those driven expressly by the desire to make a sale.

celebrate the customer in the true sense of the word and the economics will take care of itself.

mark stevens is the ceo of msco, a results-driven management and marketing firm, and the bestselling author of your marketing sucks and god is a salesman. he is also a popular media commentator on a host of business matters including marketing, branding, management and sales. he is also the author of the popular marketing blog, unconventional thinking.

via entrepreneur.

n.y. conference to showcase cloud computing

flagg management expo kicks off cpa show season today.

with today’s opening of the industry’s conference season at the 2010 accounting technology new york show at the storied pennsylvania hotel in midtown manhattan, some trends are already starting to emerge — chief of them being the new surge of interest in cloud computing.

whether you call it cloud, software-as-a-service, web-based or rent-vs.-buy software (and all are distinctions with differences), the fact is that the accounting industry appears poised to make the leap from merely playing with the new form of applications delivery to embracing it fully. indeed, 2010 could be the pivotal year. read more →

six secrets of high-performing firms

sam allred says accounting firms that achieve above-average results can be measured by six key performance indicators.

by rick telberg

after almost two decades of uninterrupted growth, the great recession has created a time of reckoning for many accounting firms.

battered by the economy, staffing problems and a mounting succession crisis, partners at many accounting firms are asking each other some tough questions. how do we reach our goals? get the best out of each partner? hold them accountable? and get better every year?

allred

the firms that get it right are destined to break out of average and become high-performing firms, according to cpa sam allred of anderson zurmuehlen (az), the storied accounting firm based in helena, mont., which has sent not one, but two partners to the chairman’s seat of the aicpa over the years. he is also leader of the upstream academy — az’s firm-to-firm management consulting practice — and the new emerging leaders academy for partners in training.

“partners are struggling,” allred says. “they’ve had 18 great years when everyone looked like a winner.” that’s all changed with the new normal. but, allred adds, “the wonderful thing about tough times is that it exposes your weaknesses so you have an opportunity to improve.”

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xbrl, ifrs gain footholds

despite the uncertainty about timetables and roadmaps.

in a grant thornton survey of senior financial executives, 26% say their companies are already using xbrl and 16% say they’re on board with ifrs.

changing of the guard: nasba ceo costello to retire

bishop, hanley move up. cote sets retirement.

the national association of state boards of accountancy (nasba) has announced two executive promotions — one new chief operating officer of nasba and one president and ceo position of the organization’s subsidiary professional credential services (pcs).

costello

ken bishop, who joined nasba in 2007, has been promoted to chief operating officer (coo) and will continue in his role as senior vice president. former coo and current executive vice president, joseph t. cote, cpa, will retire from his post effective january 1, 2011.

former vice president of pcs, denise hanley, has been promoted to president and ceo. hanley will succeed bishop in this position.

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this week’s top ten cpa links

what accountants are reading for the week ended april 30, 2010.

click and read:

1. economy tops busy season problems [survey]
2. salaries up for new accounting grads
3. how three little letters might have prevented the global financial meltdown
4. fox news’ john stossel blames the tax accountants?!
5. the federal hire act: a win-win for business and the workplace
6. the big mistake cpas make in client service
7. how do accountants define “success?” [survey]
8. fishing for new clients: rule no. 1
9. top techs in six key areas for cpa firms
10. eleven top trends for local accounting firms in 2010

source: 卡塔尔世界杯常规比赛时间 twitter stream

four-part success formula propels start-up accounting firm through recession

new approaches to old challenges.

source: accounting office management & administration report via www.cpaleadership.com. to subscribe to aom&ar, go to www.ioma.com.

chicago-based ceb & company llc was formed in 2008 when patrick o’malley and william m. kwit split off from their previous firm over differences regarding business and staff development. the firm now has two partners and nine employees. but o’malley and kwit couldn’t have chosen a tougher time to go out on their own — the beginning the great recession. how are they doing? o’malley says  says they’ve taken some new approaches to old challenges.

keys to ceb’s success include:

  1. training. the firm developed a significantly better staff-training program that emphasizes an open exchange of ideas and provides staff with high-level work opportunities. this approach has led to positive feedback from both clients and staff.
  2. marketing. the firm is exploring new markets, including international work, new businesses started by people laid off by larger companies, and retirement plans. regarding the retirement plan market, o’malley feels that a smaller firm offers lower fees and other advantages over larger firms that handle retirement plans as an add-on for midsize clients. to develop this business, ceb maintains relationships with larger cpa firms and plan administrators.
  3. service. the firm emphasizes the strength of its client-service teams, particularly partner-level service that isn’t available from larger firms.
  4. recruiting. recruiting is a challenge because larger cpa firms generally don’t lay off their best talent. but the firm has been able to find good people coming out of school now that bigger firms are hiring fewer recent graduates.