today's features

what internal controls mean to clients

man writing in notebook

and how to explain them.

by ed mendlowitz
77 ways to wow!

what are internal controls? auditors widely use this term. it also appears multiple times in engagement letters for audits of businesses and not-for-profits, but i do not believe many outside of the accounting profession really know or understand what internal controls are. i will try to explain it here.

more by ed mendlowitz
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

internal controls refer to an organization’s system of deterrence, oversight, checks and balances. an illustration is where someone in a business writes and mails the checks to pay a bill. if this same person then receives the bank statement and performs the reconciliation of that account, there would not be any control or oversight on that person and whether the payment was proper and not misdirected. they are checking their own work. this is how many frauds occur.
read more →

how to attract the best merger candidates

man's hand sowing wheat

never stop looking.

by marc rosenberg
cpa firm mergers: your complete guide

firms that are serious about merging in smaller firms on a regular basis understand that doing mergers is all about planting seeds. a buyer has to have this attitude:

more by marc rosenberg
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

every day of every year, at least one firm decides to test the merger waters. if our efforts to identify sellers are made continuously throughout the year, every year, sooner or later, we will find at least one interested merger candidate and probably more than one.

read more →

it’s the client’s perception that counts

black cat statue and white cat statue, nose to nose

look at your firm through their eyes.

by martin bissett
business development on a budget

there used to be an old exercise used in training sessions about customer relations or selling or leadership that went like this. the trainer would ask the group to think about the color green. a few seconds later he would ask them what type of green they were thinking of, and of course there would be many variations of green.

the point is that, as the saying goes, perception is reality. whatever each person perceived as green, that would be the reality for them – but it would be different for each person in the room.
read more →

proctor: turn dumb ideas into brilliant solutions | the disruptors

reward curiosity, encourage experimentation, and involve the team in every step of firm transformation.

this is a preview. the complete 1-hour video episode, with commentary and transcript, is first available exclusively to pro members | go pro here
sponsored by poe group advisors: helping accountants buy, build, and sell exceptional firms. see today’s special offer

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: applegoogle/youtubespotifyiheartdeezer, amazon music, audibleplayer fmaudacy, rss
poe group advisors consistently excels in helping our clients find the right accounting practice sales opportunity.

the disruptors
with liz farr

like many guests on the disruptors, tony proctor didn’t start out as an accountant. his firm, proctor and associates, started as a side hustle in 2007 when he was working in it management. as a testament to the client service focus of his tech-forward firm, his very first paid client remains his customer. 

they are actually still on the roster, and so im very excited about that, and im excited that they are still willing to pay what todays price is, and they are not stuck on what the price was in 2007, so i love that, proctor says.  

卡塔尔世界杯常规比赛时间 celebrates:the 100th episode of the disruptors

more streaming: carter-gray: how 1 poor review strengthened the firm | hartman: upwork to “40 under 40” in 3 yearstelka: transform fear into fuel | woodard: move past reports; deliver results | baker: find true purpose to end burnoutbrolin: the w.i.n. leadership formulagertrudes: how eos & “unreasonable hospitality” reshaped growthlab | vilms: the power of people in a tech-driven world | dickerson: from diagnosis to disruption | kapilovich: treat people like people | martha yasso: from wall street to main street | jackie meyer: tax plans in 90 seconds? believe it erica goode: build a $200k firm in 15hrs/week |

goprocpa.com exclusively for pro members. log in here or 2022世界杯足球排名 today.

proctor, like many of today’s forward-thinking accountants, thinks like an entrepreneur. as he explains, accountants are usually very risk averse and very honed in on the details, and its like compliance first,” while entrepreneurs are what i would call risk tolerant, and so they usually are seeking the risk and figuring out what opportunities are presented from that.” 

thinking solely like an accountant, proctor says, can lead to paralysis.

read more →

use smart compensation to drive partner performance

$100 bill being built of blocks

five management objectives to address.

by domenick j. esposito
8 steps to great

“show me your compensation plan and i’ll show you your strategy.” – dom esposito

as you strive to become a mid-market sustainable brand, your firm needs to become a performance-driven organization if you want to take advantage of future opportunities and drive growth and profitability. an effective performance management and compensation plan (pmcp) is critical to making your firm’s strategic plan a reality.

more by domenick j. esposito
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

the basic premise is that compensation rewards first look to:

  1. how successful the entire firm is,

read more →