In today’s episode of ‘From the eLearning Trenches,’ we asked one of our learners, a partner in public practice, to review the way they complete cashflow forecasts on behalf of business clients. What went well? What could be improved? Learner Reflection Yes, we have...
Practice Management
What’s happening in the profession in relation to practice management
12 Steps to “Planning a Research and Development Project”
by Peter Towers | Mar 23, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Step 1 – a great “idea!” Step 2 – preliminary investigations into the “great idea”. Step 3 – check eligibility – to claim Research and Development Incentive Rebate must be a “company”. Step 4 – conduct “prior art/literature searches”. Step 5 – identify “core”...
How Your Admin Team Can Increase Capacity And Improve Leverage
by Dale Crosby | Mar 22, 2021 | Latest News, Practice Management
It’s easy to understand why capacity and leverage are so important, but more difficult to appreciate why accounting firms sometimes struggle to get real success in these areas. Administration is one of the keys to effective leverage in accounting firms; by taking on...
Good Bad Ugly 2020 Report
by Brad Geelan | Feb 11, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
The Good Bad Ugly 2020 Benchmarking Report is now available. CLICK HERE TO DOWNLOAD THE EXECUTIVE SUMMARY Some key statistics: The total revenue per partner is $1,072,065. An average staff salary is $77,893. Debtors are at 50 days. The average client group fee is...
Offering advisory services? Why your first engagement needs to be a scoping session
by Ethan Cooney | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Before engaging your clients with new services, there are two crucial steps you can’t miss. Now more than ever, clients are looking to you as their trusted advisors to support them through challenging times. Rather than simply calling on you for compliance lodgments,...
Tree Change – In the Accountancy Profession
by Magnus Yoshikawa | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Current world circumstances have definitely made one rethink one’s values. Interestingly, coincidingly, we are seeing ‘tree change’ conversations increasing. There is this Practitioner (name removed for privacy reasons, but you know who you are) that of late, has left...
The Future of the Financial Reporting Function
by Danielle Nye | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Accounting firms are essential to businesses and not-for-profit organisations, particularly when managing one or more components of an entity’s financial operations. Most accounting firms, however, don’t have the skills to prepare statutory financial statements or the...