Practice Management Archive

2018 M&A Accounting Sector Report

Mergers and Acquisitions (M&A) remain the most popular method of corporate growth within the accounting and financial advisory sectors despite challenges.

Reasons for undertaking a merger or acquisition include:

  • An increase...

They’re Reliable, They’re High Margin!

They’re reliable, they’re high margin, they usually pay on time and, they always need your advice.

I’m talking about your medium-sized business clients.

For many accountants, these are the 20% of...

Decoding Accounts Payable and Accounts Receivable

Decoding Accounts Payable and Accounts Receivable

This article is not for you, but for you to share!

When you are using accounting terms every day, it’s easy to forget that...

Developing a Retirement Plan – increases your sale price

There is one obstacle in the way of a successful sale of your practice that might surprise you. It has nothing to do with your clients or staff....

How Xeppo is reforming the way finance firms work

If you work in the finance industry, chances are you’ve heard of Xeppo.  This clever piece of software is not the new kid on the block anymore, but it...

Advisory focus should be on medium business clients

“While many talented young staff may prefer advisory over compliance, too much time is going into promoting apps to small and micro business clients. Medium and large businesses account...

Not enough hours in the day? Take them back by automating your data management tasks

Do you feel like a robot, repeating the same simple tasks over and over again?

Are you a professional working in the financial industry? Do you spend more than 2...

Integrating data analytics into your audit plan for a more efficient audit

Is Better Planning the Key to an Efficient Audit?

The work of an auditor today has transformed into something significantly different when compared to the auditor of 10 to 15...

How to Attract and Retain Great Accounting Staff

The accounting industry has been dealing with a talent shortage over the last five years, mainly driven by technological changes. Accounting roles are changing from hard technical skills...

How to add 20% to your practice value – the hook

What would you do if your new financial year started with one of your key staff walking out the door with $200,000 of your fees? Wouldn’t happen? I have...

The Secret Sauce To Retaining Your Clients…

Are you keeping in touch with your clients and offering more than compliance services?

Most clients change accountants because they feel their current accountant doesn’t care about their business. WHY?

Most...

How Wolters Kluwer CCH and Xero Solutions Work Together to Make Your Firm More Efficient

New levels of end-to-end workflow are here

Accounting software has grown in relevance for many Australian professional accounting firms with 37% now using a cloud accounting or bookkeeping solution; 58%...

Why 5,000 advisors said they’d like to help their medium business clients more

“The voice of the forgotten middle is starting to be heard” says medium business guru, Mike Rich. 5,000 advisors, mostly from bigger accounting firms, took up his recent...

The Seduction of Growth (gurus)

Are you being seduced by a GROWTH story that could harm your firm?

Have you noticed how many growth gurus there are these days. You know the ones, good-looking, silver...

Is your audit intelligence artificial?

Technology Automation vs Professional Judgement in SMSF auditing

Technology enables greater efficiency in SMSF auditing, which in turn gives time and cost savings. However, risks arise when artificial intelligence entirely...

5 PPSR Matters Critical for the Clients of Accounting Firms

Establishing systems to assist your clients to minimise their potential exposure to problems from not registering customers or businesses that they are dealing with on the Personal Property Securities...

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