Hiring the Right Accounting Staff

Posted by & filed under Team Management.

man writing in journal with laptop open on desk - text book hiring the right staff

When you understand what you need out of a new team member, it’s much easier to sift through candidates. For most firms, you live and die by who the recruiter brings through the door. You might get a few applications online, but you’re never sure if the candidate would be a good fit. Your vision,… Read more »

Why Billing By The Hour Is Bad

Posted by & filed under Accountant.

Why Tracking Billable Time Is the Roadblock to Financial Success in Accounting

Times, they are a-changin’. Actually, they’ve been a-changin’ for some time, now. Many other industries have caught up, but the accounting and finance world, surprisingly, has been slow to evolve. Time-based billing has been the dominant billing method for accounting firms for years, and firms are slow to give up this process. But an ever-increasing… Read more »

How To Manage Accounting Firm Employees Well

Posted by & filed under Team Management.

Managing Employees

According to INSIDE Public Accounting 2017 National Benchmarking Report, professional staff turnover is down in firms of all sizes, with a national average of 12.4%. That’s down from the previous year’s numbers, where the largest firms averaged 17.2%, and one in five experienced turnover rates above 20%. So, what’s different? It seems as though accounting… Read more »

How to Retain Millennial Accountants in Today’s Firms

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Team Management.

retain millennial accountants

Deb Defer, the Managing Director of Business Services and Outsourcing at BDO, sees how hard it is to retain millennial accountants in today’s fast pace society. The older generation blames the millennials, millennials blame the older generation. It’s a back-and-forth battle that may not end for another decade or two. Deb isn’t here to make… Read more »

How to Improve Workflow Management for Accounting Firms

Posted by & filed under Accountant, Workflow Excellence.

Accessible Anywhere

Increasing your Workflow Efficiency to Increase Capacity This chapter preview comes from the Double Your Accounting Firm book  (Amazon) Sam started his practice ten years ago. He worked “typical” 80-hour weeks to build his dream firm. He hired a dozen workers spread out between CPA practitioners and administrative staff. His firm grew and referrals came… Read more »

How Results Based Compensation Will Kill Salaries and Houries

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Marketing, Marketing for Accountants.

results-based compensation for your accounting firm - interview with greg and jessica daley

Greg and Jessica Daley built their accounting firm, Xcelerate Business Solutions, while they needed to scrap together $10,000 to adopt a new child. Their revolutionary use of contractors under “results-based compensation” will change how firms pay their workers. Their practice has been called a “Firm of the Future” by Intuit. They’ve found a unique way… Read more »

How To Protect Your Accounting Firm From Cyber Attacks

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Marketing, Marketing for Accountants.

protect your accounting firm from cyber attacks

Ken Pyle, 15-year vet in Information Technology (IT) and Partner at DFDR Consulting, can show you exactly how to protect your accounting firm from cyber attacks. A topic touched on for the first time on the podcast, as IT continues to develop and grow, tech isn’t the only thing that gets more sophisticated — cyber… Read more »

How Fixed Price Billing Can Increase Effeciency by 30%

Posted by & filed under Accountant, Bookkeeper, Growing Your Firm Podcast, Growth, Marketing, Marketing for Accountants.

fixed price billing

Jay Tompkins, Partner-in-Charge at MRZ CPAs, successfully implemented fixed price billing in his firm which increased efficiency 30%. Jay recognizes the trend to move towards value pricing. For many firms, it’s a daunting task to make a complete switch. He reveals: Most firms already implement a hybrid fixed price billing system, they just don’t discuss… Read more »