Xero is a cloud-based accounting software used primarily by small and medium sized businesses. It is a new, small accounting software that lives in the cloud. Xero, an alternative to QuickBooks has tools that helps in purchasing, expenses, managing invoicing, bookkeeping, etc. However, with all its advanced features and tools,
As CPAs, when we think about our clients and small businesses facing tax and financial reporting issues, we typically have a hard time articulating value to our clients and prospects. I think we can group our contributions into three major areas: 1. Compliance (Painkillers) 2. Making Business Decisions (Moving the
Are you receiving frequent calls from panic-stricken clients this month? If you are, most likely they’re asking the same two questions: Why didn’t I get a Child Tax Credit check in August? Where is my check, and how can I trace it? It’s true: Some clients have not received monthly
Here’s a nightmare scenario: Suppose a client had wealthy older parents. They had enough cash flow to live a comfortable life and made investments along the way. However, when the client’s father died, many securities in certificate form were left in the father’s name only, not to mention the safety
There can be a hundred reasons why people stay or leave a firm, but I’ve narrowed it down to four critical issues. Actually I narrowed it down to three, but I was leading a discussion group last month and one of the participants and a fine colleague, Melanie Cobb, suggested
Get your accounting education online, fast. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! August 28, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get
QuickBooks is an accounting and bookkeeping software that comes along with the feature of creating and maintaining your recurring invoices. A Recurring Invoice is an invoice that is sent to your customer in regular intervals of time. Sending this manually every time can become a huge task, and here comes
The California Society of CPAs announced that Denise LeDuc Froemming will be its next president and CEO, starting Oct. 18, 2021. Froemming will take over from Rich Simitian, who has been acting CEO since March, when the society’s previous chief, Anthony Pugliese, left to head the Institute of Management Accountants.
“Touch it once” is a key principle in efficiency. It boils down to the idea of essentially handling things as they come across your desk. When I learned this principle, it was reinforced by a client who said, “The only way you can touch something once is to put it
New York-based firm Marcum has released a new data analytics product for audits through Marcum Technology, the firm’s technology arm. Intelligent Prism is an automated data analytics service for firms that don’t have internal data analytics capabilities. Intelligent Prism automates client data consumption and analysis with the aim of increasing
