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Practice Management

Practice Management

Myth debunked: It's not automatic for the MP to be the highest paid

It’s logical to assume that the CEOs of Fortune 500 and other large companies would be the highest paid of all people working at the company. After all, they are charged with managing the entire organization and meeting expected profit targets.
Practice Management

Future leadership and the case for facilitated dialogues within work teams

I believe facilitated dialogues within work teams are the key solution to achieving change and harmony among the different generations.
Community News

Different generations in the workplace can collaborate successfully

We hear that older generations are technophobes who resist working in the way the younger generations do and will not bridge the gap technologically.
Practice

Social networking in business: When is the right time to get involved?

When is the right time to jump into social networking initiatives and why should you research many sites before settling into just one?
Practice Management

Client retention dominates AICPA's Top Issues survey

The most significant challenge facing CPA firms of all sizes across the nation today is client retention, an indication of how the economy is affecting business practices for accountants and other professional service providers, according to the American Institute of Certified Public Accountants' 2009 CPA Firm Top Issues Survey.
Practice

Invest in next Gen X leaders now!

Many smart companies and professional firms have not abandoned training in these tight economic times. They are betting that training and coaching the next generation in leadership skills will help them through the recovery period and give them an edge when competitors start building again.
Practice Management

Webinar series: Seven keys to successful CPA firm management

Bay Street Group LLC and Capstone Marketing, two leading marketing and market research firms to the CPA profession, have joined forces to conduct a ground-breaking and comprehensive investigation into the critical success factors for today's accounting firm.
Practice

AccountingWEB 2009 Accounting Student Scholarship Essay

AccountingWEB 2009 Scholarship award-winning essayBy Hannah Weisner, University of Massachusetts
Practice Management

Accounting firms leading green change

AccountingWEB 2009 Scholarship award-winning essayBy Molly Klusek, The University of ScrantonEnvironmental responsibility is a prevailing issue among businesses in the modem age. With growing media scrutiny and investor expectations, in addition to deteriorating environmental conditions, it is necessary that corporations formulate methods of promoting green causes for the coming years. Regarding sustainability, companies must recognize that their actions impact the environment in the short- and long-term.
Education & Careers

Green accounting firms

AccountingWEB 2009 Scholarship award-winning essayBy Jill Kershaw, Saint Martin's UniversityPower strips, fluorescent lighting, post-recycled paper, and webcasts. The list of how to have a green office includes these ideas and many more, with the goal being to minimize an office's carbon footprint. The Obama administration has called for 'going green,' and champions of the cause are applauding as the idea becomes popular.
Practice Management

Planning engagements with going concern issues

By Larry L. Perry, CPAHere are some practical questions accountants and auditors may wish to incorporate in the planning documentation of every audit and review engagement for the foreseeable future.Does the accountant's or auditor's understanding of the client's business and industry reveal any information contrary to the going-concern assumption?
Practice Management

The MacGyver approach to starting a financial business

By Steve AdamsBack in the 1980s, a popular television show named MacGyver gave rise to a whole new term.
Practice

Tips for getting the most from mobile devices

Accounting firms with a growing mobile work force may be struggling to understand how best to manage the complexity of employees working from disparate locations – how to give workers the IT support they need, while getting the most from the technology for the good for the firm.It's a big question, and one that is growing in importance.
Technology

30 questions every CFO should ask about software implementation costs

CAL Business Solutions announces the release of a new white paper aimed at educating accounting software buyers on ways to save money and avoid hidden costs when buying new ERP/accounting software. Companies will find sixteen buying tips and thirty cost-saving questions to ask a valued added reseller (VAR) in the free white paper, 30 Questions Every CFO Must Ask About The Cost of Accounting Software.
Practice Management

Tools of the Trade: Plumbers have wrenches, Artists have paintbrushes, CPAs have titanium putters

Tax season is over and the golf course and warm weather are calling your name. But in this economy, can you really afford to take time off work? Business advisors have said that clients are out there, you will just have to work harder to get them. Doesn't that mean you should be beating the bushes instead of playing golf? Whatever you do, don't let Debbie Waitkus hear you say that.
Technology

Is a paperless office right for you?

Before jumping on the paperless bandwagon, you might want to think through the process and determine if this change is the change you need. Our sister site, BusinessZone, took a look at the benefits and costs of implementing a paperless office.The concept of the paperless office is great in theory, but perfection is difficult to achieve. Anticipated high initial costs and complicated operational and process changes might make going paperless seem unattainable and are probably enough to put most firms off.
Practice Management

Don’t be caught without workflow in your paperless system

Currently some workflow and document management systems are designed to function independently of one another, making it necessary to run several different applications to perform two tasks that go hand-in-hand. Is it possible for workflow and document management to coexist? Here are some details to consider when combining a workflow and document management system. Document management has many known benefits relating to reducing overhead, but is going paperless enough in an effort to save costs for the small office? Having access to electronic documents is not the only way to save money.
Practice Management

Deloitte study reveals tension regarding the use of social media in the workplace

According to the third annual Deloitte LLP Ethics & Workplace survey, 60 percent of business executives believe they have a right to know how employees portray themselves and their organizations in online social networks. However, employees disagree, as more than half (53 percent) say their social networking pages are not an employer's concern.
Practice Management

Involve the younger generations in succession planning

Most people think that succession planning is a top down activity involving management and seasoned professionals. I suggest it is better to involve the younger generations as well so that they can help create a vision for what the organization aspires to and what it is really looking for in long-term leadership.
Practice Management

Don't let trade secrets leave with employees

Desperate times can sometimes result in desperate measures. During an economic downturn, the pressure to generate revenue can be great. Economic espionage can result when employees are forced to come up with the next big idea or they have financial difficulties. Economic espionage is defined as the theft or misappropriation of trade secrets.

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