recruiting remains the sorest spot.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
more: business is still about taxes | recruiting, profits, security are top 3 concerns | tech spending slows | firm size matters in tax software choice | top challenges? staffing, staffing, staffing
for solos, understanding tech options tops the list.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
the cloud has changed how firms budget for technology.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
technology is playing a growing role in the accounting profession, with 57 percent of firms saying they view technology as a competitive differential.
more: survey: firm size matters in tax software choice | top challenges? staffing, staffing, staffing
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that’s just one of the findings in the new accounting firm operations and technology survey. in this post we cover file and data storage management, remote access, internet, telecommunications, technology spending, decision making, annoyances and trends, some of which might be surprising. for example, 35 percent of firms report using software to track the real-time availability of their staff.
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plus: more trends and insights from annual operations and technology survey.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
the tax, practice management, and time & billing software a firm chooses depends heavily on the size of the firm, according to the new accounting firm operations and technology survey.
more: top challenges? staffing, staffing, staffing
dell far and away leads the hardware wars, and fujitsu remains the top name in scanners but canon is gaining ground. vmware tops virtual server use and older operating systems are being ushered out the door and windows 10 adoption stands at 93.1 percent.
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plus: more trends and insights from annual operations and technology survey.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
recruiting and retention have consistently been the top concern for the last two years, 33.6% of firms citing it this year, up from 28.8% of firms in 2019, according to the new accounting firm operations and technology survey. second place: raising profitability at 23.4%. third: cybersecurity and data privacy at 22.4%.
referrals – new clients who are referred to a firm by someone they trust – remain the top channel or source of new clients for firms. a higher percentage of firms report that they are receiving referrals from other sources, such as other professionals and firm website and search engine optimization, over each of the last three years.
rain on the keyboard, blood on the mouse: changes in the accounting business recall the plight of the small farmer in the 1980s.
by frank stitely
the relentless cpa
john mellencamp’s hit song, “rain on the scarecrow” chronicle the decline of the small american farmer in the 1980s. farmers faced economic devastation caused by new technology and emerging international competitors.
more by frank stitely: wip-ing clients into shape | how the annual tax meeting died | whittle down wip | maximize your role as visionary | the land mines in tax returns | give your people the resources they need | 4 tips for managing advanced preparers | the right way to assign staff projects | workflow for dummies | how effective project management makes your life easier
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expensive new machinery and international competition transformed farming from a sleepy vocation handed down between generations to international global commerce driven by technology and sophisticated business metrics. farming became a real business.
small farms disappeared as expensive machinery demanded economies of scale that could create a sufficient return on capital investment. international competition lowered prices to where new technology was required to compete with lower-cost international labor.
farmers needed to raise the level of planning beyond pushing seeds into the ground and waiting for favorable weather. they began to pay attention to detailed yield metrics and weather patterns, planning irrigation to effectively use natural rain patterns. they used monte carlo simulations to plan which crops to plant and sell.
the ones who didn’t change went bankrupt or sold and retired. musicians held a concert, farm aid, to call attention to the farmer’s plight.
driving to work this morning, i realized that changes in the cpa industry parallel the plight of the small farmer in the 1980s.
…for your technical people to transform into advisors. and wed, june 12th, 8:00 am – 9:15 am, reimagine, with aicpa ceo barry melancon. randy johnston, nmgi/k2 enterprises, tue, june 11th,…
…principles) randy johnston (k2 enterprises and nmgi) roman kepczyk, cpa.citp, cgma (xcentric) allan koltin, cpa, cgma (koltin consulting group) greg lafollette, cpa.citp, cgma (cpa.com) rick richardson, cpa.citp, cgma (richardson media…