xero’s on a mission: beautifying the accounting industry

by sandi smith leyva

if you have small business clients that don’t pay attention to their accounting as much as you would like them to, you are likely not alone.  the problem is that most of us accountants give up on those types of clients who seem apathetic to our passion for numbers.  we shrug our shoulders and consider the client a hopeless case if they won’t take a look at their financial reports at our urgings. read more →

the five tech trends turning beancounters into business advisors

as data-entry costs plummet, new opportunities for accountants open up.

by sandi smith leyva
accountant’s accelerator

after over 30 years in this profession, accounting has never been more promising and more exciting.  the main reason is technology is driving data entry costs so low that it’s just about to disappear.  that means we can finally focus on helping small businesses get more out of their accounting dollars through more analysis and better tools.

here are five areas that i believe are essential to serving clients best: read more →

new benchmarking research: accounting firm operations and technology survey

garrett johnston

executive summary of key findings available.

卡塔尔世界杯常规比赛时间 is joining in the release of a broad new benchmarking project, the accounting firm operations and technology survey, produced by randy johnston, chairman and ceo of network management group, inc., and leslie garrett, phd, ceo of insight research group.

“our primary goal in developing and publishing this ebook is to deliver an easily accessible reference tool accounting professionals can leverage when making operational and technology decisions,” said johnston.

the 2014 ebook provides the most complete and up-to-date information about practice management and technology u.s. accountants are using in their practices. the ebook shares factual, actionable items and insights that are not available from any other source, further broken down for the practitioner by size of firm.

read more →

what the bitcoin phenomenon means for accountants

it’s time to start to start thinking about the tax and accounting ramifications of digital, virtual currencies.

by hitendra patil
pransform inc.

bitcoin is virtual currency much in the news these days. it’s peer-to-peer so there’s no central bank or government. but, because it necessarily represents income or asset, it needs to be accounted for and hence will have tax ramifications.

accountants, the irs and accounting software developers are starting to take it seriously. but in the absence of irs rules specific to bitcoin taxability, accountants have to draw upon their knowledge of irs rules that govern income, assets, capital gains or losses, and stock and bond transactions, and apply that corollary to bitcoin ownership and transactions. read more →

the 4 dark clouds hovering over cloud accounting software

and the two professional remedies you already know.

by frank stitely, cpa
stitely & karstetter pllc

cloud accounting software revolutionizes our relationships with our clients, enhancing our ability to provide real-time and forward-looking tax and accounting services. at the recently concluded sleeter conference in las vegas, cloud vendors promised zero data entry, the editing of transactions in spreadsheet format and seamless integration with best of breed third-party applications.

they didn’t mention, however, that their programmers redefine accounting principles by sacrificing sound internal control at the ease of use altar. before launching your clients into the accounting cloud, evaluate the risks currently ignored by many, if not most, cloud vendors. read more →

2014 roundtable: tax season tech boom

2014 top trends logo vf
click for the full rosenberg map survey

buying opportunity: firms trailing the tech curve will need to merge out – cheap.

see the complete 2014 roundtable

by roman kepczyk
xcentric

analysis

firms are getting optimistic again and gearing up for slow steady growth. we are seeing investments in many specific technologies (workflow, cloud, remote access, security, byod) and projects targeted for handling this growth.

kepczyk
kepczyk

outlook

i think cautionary investments will be the rule and we can expect to see major activity coming out of busy season for both investments in firm technology and processes, particularly cloud applications that are more secure, available from any internet-enabled device and less expensive. read more →

does your website have the winning formula?

follow the 5 c’s to a better website.

by sandi smith leyva

it might feel like the internet, your website, and marketing in general is just one big game of chance.  large companies gamble millions on superbowl commercials, while small companies gamble on trade shows, networking groups, and answering the next hot rfp.  the question is, is there a better way to market and get clients that doesn’t feel like gambling?

when it comes to websites, there is a surefire formula you can follow to make sure your web site brings you business, no matter what your business.  i call it my 5c formula.  let’s take a closer look: read more →