CPAs know that generating engagement letter content and tracking approval can become complicated and that complications don’t arise in a predictable way. The complications of engagement letters can come at any time, in any job, but they often arise in places you’d least expect them to. For example, in straightforward engagements with long-term clients—the kind… Read More
You’re staring at an inbox full of emails, a calendar full of appointments and you see that daunting blinking red light on your phone. Your heart starts racing and you quickly wish you were in your backyard enjoying a nice summer evening BBQ. However, it’s 10am on a weekday, your kids are back at school… Read More
Throughout the year I always try to read as many books as possible. Due to the longer days and more relaxed feel, during the summer, my reading always tends to kick in to high gear. Like many, I am always looking for recommendations on what to read next. While doing my own search, I stumbled upon… Read More
What do our client’s value? This question is at the core of every lean initiative. The idea is if you eliminate waste in your processes, your services will be more aligned to what your client’s value. The Accounting profession is currently facing increasing pressure from clients on fees. If you become commoditized in the mind… Read More
When most firms began implementing workflow applications, they only considered tracking basic service areas. As firms have seen the benefits of workflow and have evolved to offer more services, they are looking to move beyond simply tracking workflow to manage processes across more areas of their firm, such as: Miscellaneous tax filings such as sales… Read More
Inspiration is the process of being mentally stimulated to do or feel something, especially to do something creative. Inspiration can fill us with a new zest for what’s ahead and can allow us the insight and vision to tackle a current problem, issue or situation. On some days you can be inspired by simply walking… Read More
As your firm continues to grow through acquisitions, expansion in to niche markets or by other methods of gaining new clients, there will come a point when you realize that your workflow tool of the past is no longer cutting it. Two of the main reasons you first started using that particular system – out… Read More
In any given year there are several opportunities to attend accounting conferences. Is it necessary or even possible to attend all? Absolutely not. However, if you want to stay current, it would behoove you to choose a few that line-up with your firm’s vision and attend. Many use the excuse “I’m taking away from my… Read More
A critical step in maximizing output is minimizing wasted time. In CPA firms, lost time is often found in excessive administrative tasks, personal preference items and poor communication. Many firms have implemented workflow to ameliorate these issues, however, due to the nuances of their processes and software limitations, often times the full scope of the… Read More
CPA firms tend to be a cautious when it comes to technology – with good reason. Mistakes, even small ones, can create client issues or potential compliance problems. One technology issue other industries have been working on – and solving – for years is becoming increasingly important in the Accounting Industry: application integration. Our technical… Read More
