what small and midsized firms can learn from pwc’s digital upskilling
one possible side effect: reverse mentoring.
by donny c. shimamoto
strategic technology decisions
tech and fintech
why you need an independent security review
then follow up every few years.
by roman h. kepczyk
quantum of paperless
going “paperless” means that all firm files and client data will be digitally stored on the firm’s network, which is almost always accessible to firm personnel via internal workstations and remotely via the internet.
more: ‘learning culture’ requires standardized processes | centralize contact administration | how digital a/p processing boosts productivity | how an ‘owner’s drawer’ boosts security | the top portable monitors for auditors | why scanning procedures matter
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what big data means to small firms
focus on the hard trends, not the things you can’t predict.
by donny c. shimamoto
strategic technology decisions
survey: how do you handle client 1099s?
see who uses which kind of software app.
accounting firm operations and technology survey
receipt bank raises $73 million
debt and equity infusion to be used for expansion and product development.
by 卡塔尔世界杯常规比赛时间 research
london-based receipt bank, which fields machine-learning software that fetches financial information from multiple sources, digitizing and categorizing it for more than 50,000 accountants and bookkeepers, has raised $73 million in debt and equity financing for product development and market expansion.
the news follows bill.com’s initial public offering in december on the new york stock exchange where it sold 9.82 million shares, raising $216 million and giving it a valuation of about $1.6 billion. bill.com automates invoicing for 81,000 businesses.
‘learning culture’ requires standardized processes
make training a priority.
by roman h. kepczyk
quantum of paperless
for many firms, the ability to identify, standardize and implement best practices is the last remaining competitive advantage in business today as communications tools and access to technology have become available to everyone.
more: centralize contact administration | cutting your quickbooks costs | reclaim time with remote deposit | why daily t/e entry should be required | why your firm needs procedure manuals | digital tax workflow requires a system, not projects | survey: 60% of firms employ remote access tools
to take advantage of the continuous stream of innovation and opportunities, firms must adopt a “learning culture.” this requires a formal process to capture and standardize best practices in every department within the firm so that every person can take advantage of them.
read more →
the tech race in accounting
joey havens talks about the technology learning curve.
centralize contact administration
your practice management application will be home base.
by roman h. kepczyk
quantum of paperless
many firms today maintain contact information within multiple applications such as practice management, outlook, tax systems, and other marketing and crm (customer relationship management) programs.
more: cutting your quickbooks costs | how to transfer files securely | going digital with a/p processing | avoid over-auditing with ‘document containers’ | beyond email: new digital tools | who deletes documents and when?
too often, a significant amount of time is wasted in firms pulling contact information together, reconciling and verifying lists for mailings, invitations, and even organizers. it is critical that firms centralize the updating of contact information for consistency.
read more →
the 3 biggest tech failures of accounting firms
stop waiting for the one solution that will solve all your problems.
by frank stitely
the relentless cpa
technology is a constant challenge for accounting firms.
more: debunking the demise of the cpa firm | how to thrive as a 21st-century firm | farm-aid for accountants? | whittle down wip | the tax practice traffic cop
we’re learning to get a lot right, but there still are some things that firms get wrong on a regular basis.
the top five reasons tax clients go diy
and the top five ways to win them back.
by 卡塔尔世界杯常规比赛时间
taxpayers are more than twice as likely to use do-it-your-self software to prepare their returns, but they’re also 38 percent less likely to be satisfied when they do, according to a new survey by a tax software vendor.
focused on what pushes consumers towards tax-prep diy software technology solutions, the study of more than 500 taxpayers across the u.s. shows broad opportunities for accounting professionals.
survey: top backup strategies
trend watch: more firms are leaning on cloud vendors to handle their backup for them.
accounting firm operations and technology survey
survey: outsourcing it
cutting your quickbooks costs
are licenses getting too pricey? there’s a workaround.
by roman h. kepczyk
quantum of paperless
in the united states, quickbooks is by far the most dominant small business accounting product on the market and will be the application that the majority of the firm’s clients use. therefore, it is obvious that the firm must become proficient in supporting quickbooks.
more: how to transfer files securely | how digital a/p processing boosts productivity | how an ‘owner’s drawer’ boosts security | the top portable monitors for auditors | why scanning procedures matter
unfortunately, one of the biggest wastes of time is when firms support too many older versions of the software, which often leads to incompatibilities that can corrupt the database and make it unusable for clients. fixing these errors creates lost time that is seldom charged to clients and instead impacts the profitability of these jobs.
read more →