{"id":110493,"date":"2023-04-20t11:56:32","date_gmt":"2023-04-20t15:56:32","guid":{"rendered":"\/\/www.g005e.com\/?p=110493"},"modified":"2024-08-27t17:02:38","modified_gmt":"2024-08-27t21:02:38","slug":"four-philosophies-for-managing-a-cpa-firm","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/04\/20\/four-philosophies-for-managing-a-cpa-firm\/","title":{"rendered":"four philosophies for managing a cpa firm"},"content":{"rendered":"
<\/a>bonuses: org charts for small, medium and large firms, plus 25 best practices.<\/strong><\/p>\n by marc rosenberg<\/i> when we discuss how cpa firms are managed, there are two kinds of firms.<\/p>\n more: <\/b><\/strong>how partner and staff actions impact profits<\/a> | the business side of cpa firms<\/a> | it shouldn\u2019t take so long to make partner<\/a> | three types of skills you need to become a partner<\/a> | seventeen basic expectations of partners<\/a> | nine ways to woo a prospective partner<\/a> the first kind<\/strong> of firm<\/strong> argues that there is not much that needs<\/strong> to be managed at a cpa firm. these cynics might say, \u201ccome on. running a cpa firm isn\u2019t rocket science. you hang out your shingle. you get clients. you hire staff. you do the work. bill and collect. what needs to be managed?\u201d the second kind of firm<\/strong> understands that cpa firms are just like other businesses. for them to be successful, these areas must be actively and effectively managed:<\/p>\n accounting firms generally gravitate to one or the other extreme in each of the following areas:<\/p>\n \u00b7 achieving individual targets for charge hours<\/p>\n \u00b7 achieving standards for quality of work<\/p>\n \u00b7 using nonbillable time effectively<\/td>\n<\/tr>\n examples:<\/p>\n doing an audit\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 doing a tax return<\/p>\n filing for an extension\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 filling out a timesheet<\/p>\n doing a physical inventory<\/td>\n<\/tr>\n insurance<\/p>\n paying bills\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 budgeting<\/p>\n office equipment\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 firm policies<\/p>\n billing system and collections<\/td>\n<\/tr>\n training\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 orientation\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mentoring<\/p>\n feedback\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 promotions\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0recruiting\/hiring<\/p>\n <\/td>\n<\/tr>\n \u00b7 security, privacy, client portals<\/p>\n \u00b7 mobile devices, remote access<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \u00a0<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n these 25 best practices have been extracted from my work with great firms over the past 20 years. few firms do them all, but the best firms do most of them.<\/p>\n bonuses: org charts for small, medium and large firms, plus 25 best practices.<\/strong>
\nhow to bring in new partners<\/i><\/a><\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
\n
\nunfortunately, many cpa firm partners think this way \u2013 maybe not consciously, but it has the same effect. when firms learn that the lack of commitment to firm management shown by this attitude creates problems, they often hire consultants like me to help them address these types of issues:<\/p>\n\n
\n<\/em><\/li>\n\n
overarching philosophies for managing a cpa firm<\/h3>\n
\n
\n
\n
what needs to be managed?<\/h3>\n
\n\n
\n strategic planning<\/strong><\/td>\n the firm is driven by a vision of what the partners would like it to look like in 5-10 years.<\/td>\n<\/tr>\n \n productivity <\/strong><\/td>\n \u00b7 keeping staff busy; formal scheduling of staff<\/p>\n \n processes<\/strong><\/td>\n will the firm do its work the same way, regardless of who is in charge of the client project? or will the firm allow each partner to do it their way?<\/p>\n \n administration<\/strong><\/td>\n renting office space\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 internal accounting<\/p>\n \n quality control<\/strong><\/td>\n creation of written policies and standards for doing audit, accounting and tax work. includes procedures to test personnel\u2019s compliance with the firm\u2019s standards.<\/td>\n<\/tr>\n \n human resources\/ staff issues<\/strong><\/td>\n compensation\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 benefits\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 personnel policies<\/p>\n \n marketing of the firm<\/strong><\/td>\n marketing is all the things that promote the firm and get name recognition. examples: branding, brochures, direct mail, seminars, speeches, articles<\/td>\n<\/tr>\n \n technology<\/strong><\/td>\n \u00b7 a dozen or so cpa-firm-specific software programs<\/p>\n organization charts<\/h3>\n
25 best practices of the most successful firms<\/h3>\n
\n
\n<\/a>
\nby marc rosenberg<\/i>
\nhow to bring in new partners<\/i><\/a><\/p>\n","protected":false},"author":1339,"featured_media":52068,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,3002,2301,2266],"tags":[],"class_list":["post-110493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pro-member-exclusive","category-special","category-talent","category-partner"],"acf":[],"yoast_head":"\n