what’s next: predictive accounting
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technology
four untapped profit streams locked inside your practice management data
how to control costs, maximize profits, and focus on your real money-makers.
by drew west
deltek solution consultant
@deltekdrew
new services offerings or fee increases are obvious tactics for earning more – but service expansion brings with it more expense, and rate hikes risk client defection.
so what about other ways? why not reflect on a few ways to drive higher profits?
the answers are deep within – deep inside your firm’s practice-management systems. reflecting on all the engagement data in those systems might expose opportunities for greater efficiency, less risk, and more control – all drivers of higher profits.
so look to your practice management system to find four places where higher profits might be hiding. read more →
six money-making strategies to take you beyond quickbooks
how to give clients real solutions, options and opportunities they’ll love.
by sandi smith leyva, cpa
accountant’s accelerator
many accountants are quickbooks proadvisors who offer quickbooks consulting to their clients; you may be one of them.
more at 卡塔尔世界杯常规比赛时间 for soloists and small firms: proactive ways to get more referrals | the three biggest money leaks in your practice | new client opportunities with mobile apps | six questions to launch your summer strategy sessions | what most accountants miss in the five simple steps to get more clients | 10 ways to add a “money maker” hour to your day | 11 sources of wealth we can celebrate | nine value-adds to command a higher fee | how to design your business around your strengths
here are the opportunities i see to expand your client services in the area of quickbooks consulting, or for that matter, any accounting software consulting. read more →
will zero data entry end your tax practice?
five things you need to know and three things you need to do.
by frank stitely, cpa
stitely and karstetter
get ready for a transformation in the tax business unlike anything we have experienced since turbotax. the transformation will force many of your colleagues to sell, retire, or go out of business. it will force many of your staff out of the profession. it will change the way you serve clients. and, it will either result in tremendous opportunity for you or end your practice. this transformation is zero data entry.
more stitely: three trends that will transform your tax practice or eliminate it | value, billem & dunn: a value billing case study | why value billing won’t transform your life | the problem with frank stitely? we need more frank stitelys! | the problem with timesheets? not enough timesheets! | who’s missing in action from your workflow processing system? | how to make an extra $72,000 by working smarter read more →
what’s next in cpe?
the live, in-person seminar reborn, refashioned for the web.
by bob jennings
jennings seminars
in the roughly forty years since continuing professional education first started for accountants, there have been three major changes in the way to obtain cpe.
the first major change came from the presentations of the venerable sidney kess, who brought practicality and examples to an arena that had previously been occupied by pedantic and often academic educators. in the early years of cpe his shining light of the highest quality cpe was held to be the pinnacle for all other presenters.
the next era became the era of boredom. read more →
trends in temporary staffing
rationalizing a broken system and recapturing two-thirds of lost value.
with cpa firms and corporations rushing to staff up with a suddenly warming economy, finance and accounting employment agencies are booming. but it can’t last. sooner, rather than later, the internet will change everything.
dan gaffney, a cpa, cia, cisa and a 20-year audit veteran, in both public accounting and in corporate, is positioning himself to take advantage of the paradigm shift. he’s out to revolutionize the finance and accounting temp business.
his chicago-based incubation-stage start-up, vouchedin.com, is seeking to do to short-term staffing placements what monster did to newspaper classifieds and what apple did to the recording industry: leverage the internet to cut out the middleman, re-channeling profits to both the worker and the employer. it could change a big part of the accounting profession as well. – the editors read more →
new client opportunities with mobile apps
the top apps accountants need to know
by sandi smith leyva
mobile accounting has definitely arrived. a great first question to ask clients who are asking for mobile accounting is to just double-check to see if they have already downloaded their bank apps. if not, that may be something you can help them get set up.
but don’t just think about the core accounting system. get them hooked up with their bank, credit card accounts, paypal, payroll, and any other peripheral support that has an app, like timesheets, field services, and project management. when you do, they will be ecstatic at your resourcefulness and you will be their latest mobile genius.
there are some great new apps that extend core accounting systems’ functionality into our mobile devices. let’s take a look at a few of them for accountants, from quickbooks to adp and a host of new applications: read more →
business clients tell accountants: evolve or die
is your accountant ahead of the curve on technology, or behind?
clients find accountants’ tech skills lacking.
by rick telberg
卡塔尔世界杯常规比赛时间
as small and medium-sized businesses move increasingly online and adopt technologically integrated accounting systems, many tax and accounting firms will need to evolve or face extinction, according to a new survey obtained by 卡塔尔世界杯常规比赛时间. read more →
workflow solutions vendor xcm leverages research analysis from 卡塔尔世界杯常规比赛时间
workflow at tipping point; xcm solutions prepares to meet demand mike sabbatis joins xcm solutions’ board to aid in execution of aggressive growth strategy braintree, mass. – march 25, 2013 – xcm solutions, llc, the leading provider of cloud-based workflow … continued
the computer is dead [pro member exclusive]
welcome to the post-pc world.
by brian tankersley, cpa.citp
for intuit accountants news central
welcome to the post-pc era. the (desktop) computer as king of the technology kingdom is now officially dead!
over the last five years, we have largely moved from desktop computers running locally installed purchased software to running mobile apps, and subscribing to services ranging from office 365 to quickbooks® online. read more →
the 10-step recipe for engagement disaster
tasty tips from a lousy cook.
by drew west
@deltekdrew
you know why i like writing articles? it keeps me out of the kitchen, where from bachelorhood through fatherhood, i still make any culinary task a bumbling trip down a path of missed ingredients and inaccurate measurements – right to the doorstep of “didn’t-turn-out-like-i-expected.”
why is our local pizzeria on the speed-dial? for those (thankfully infrequent) times when my wife is traveling, and i’m on the hook to keep my two youngsters relatively nourished.
unlike my cooking endeavors, yours in public accounting surely go beyond the simplicity of cold cereal or the occasional peanut-butter sandwich.
today’s modern engagements require delicate management of people, their work, the client’s demands and the firm’s expectations.
the newest top ten tech trends in tax and accounting
beyond paperless: cpa firms launch a new arms race for cloud and mobile technologies.
by rick telberg
卡塔尔世界杯常规比赛时间 research
leading cpa firms have clearly broken the going-paperless barrier and are adopting cloud and mobile technologies at a record pace, according to new data obtained by 卡塔尔世界杯常规比赛时间 research.
indeed, the question for practitioners is no longer “have you gone paperless yet?” or even “how paperless have you gone?” it is now “how much of your workflows have you moved to the cloud and made mobile and accessible everywhere and any time?” and the rest of the firms are asking themselves, “can i catch up?”
the trend is, of course, a daily challenge for the profession, which 卡塔尔世界杯常规比赛时间 covers in depth: 卡塔尔世界杯常规比赛时间 analysis: 40% of firms going to the cloud | how apple is changing your business | accounting firm leaders agree: the cloud is here | 11 things you take for granted today that technology will kill within six years | top 10 tech predictions for your business clients | cloud & mobile technologies drive change in tax and accounting | five questions to ask before going to the cloud | “the cloud is real” | the powerful mega-trends behind the upheaval at sage software | cpas in top 100 accounting firms get an “a” for adoption of cloud, portable document scanners and workflow management technologies | top tech habits of high-performing firms | seven tech lessons for busy season |
but the pace is astonishing. a new survey of 115 of some of the best-managed firms in the business shows:
- smart phones for handling email, contacts and schedules are all but universal.
- email now dominates client communications, not the phone call.
- paper w2’s and 1099’s are practically extinct, having been scanned at first touch.
- and if you’re using only two monitors on your desk, you’re getting left behind. most of the advanced firms are now using three per person. and that’s not counting the smartphones or ipads that are always nearby.
the survey shows, for instance: read more →
tax pro’s slammed with sloppy software and federal sequestration
will this be remembered as another “tax season from hell?”
join the survey; get the updates.
by rick telberg
卡塔尔世界杯常规比赛时间 research
the last time tax professionals slogged through a tax season from hell, it was 2008, the financial world was crashing into a million little pieces, and 1 in 4 accountants was reporting disastrous operations.
before that, long-timers might recall 1995, when the irs deployed a filing fraud crackdown that delayed millions of refunds.
more tax season research: tax pro’s turn negative on busy season | busy season outlook 2013 | top tax season trends, issues and opportunities
this year, with the irs opening the filing gates not until march 4, could 2013 become another one for the record books?
in the latest update to the 卡塔尔世界杯常规比赛时间 busy season barometer, topline findings include:
- the number of practitioners reporting a worse season this year, as compared to last year at the same time, is surging month to month.
- the top 15 issues causing concern, led by irs operations and software and technology problems
- verbatim reports from practitioners around the nation, including one who is seeing a 20% fee decline in his practice.
- how practitioners are responding to clients’ lack of understanding, including resorting to discounts.