April 25, 2007

Practice Management News


5 Ways to Get More Mileage from Your General Ledger


To compete, practices cannot afford to run a lengthy, convoluted budgeting process. Across-the-board budget data from departments, databases, and reporting tools must be immediately accessible and revisable Budgeting products such as Microsoft Forecaster offer the streamlined, automated capabilities that will allow your practice to quickly respond to industry changes and stay both profitable and compliant with corporate regulations.

State of the Paperless CPA Firm


"Paperless" has been the term used by many practitioners to describe the transition of today's CPA firms to more streamlined electronic work-flows that automate processes by eliminating the manual handling of physical documents. A 2007 survey focused on 221 firms with an average size of 67 personnel, and followed up on their groundbreaking 2003 and 2005 paperless surveys.

How to Make Collections & Cash Flow More Timely


Outstanding invoices are the scourge of every small business owner, and are even more troubling for accountants who are always pressing their clients to monitor their receivables. Many firm owners don't want to spend their time and energy on phone calls and e-mails to customers about payment, but some steps can be taken before an invoice is overdue that can lead to effective collections.

Managing Partners & Core Values


Whether we work at a large regional or a small local firm, we all share a wide range of common management concerns. And our profession is constantly changing! As such, we have more demands placed on us than ever before as we endeavor to find new and innovative ways to both serve our clients and nurture our employees. Our firms are continuously growing more complex and sophisticated, offering a myriad of services beyond the profession's core competencies. The result is that the managing partner has the added responsibility of assuming the role of "visionary," acting as the one who helps to guide the firm through uncharted waters.

Inexpensive, But Effective Fraud Prevention


Small practices and businesses are more vulnerable to fraud and have more to lose than their corporate cousins, but a few inexpensive changes can do much to prevent workplace fraud. A former special agent with the FBI, tells small firm owners to consider this: The median loss suffered by organizations with fewer than 100 employees was $190,000 per scheme, which is higher than the median loss in even the largest companies.



Subscriptions

Unsubscribe from AccountingWEB's Supplements.

If you've forgotten your AccountingWEB.com login details, we'll send you a reminder. Just click here