In accounting, technical knowledge and analytical skills are critical. However, communication skills are equally significant. Communication is the backbone of any successful relationship. Effective communication goes beyond merely conveying numbers; it builds trust,...
Practice Management
What’s happening in the profession in relation to practice management
Advisory focus should be on medium business clients
by Mike Rich | Oct 22, 2018 | Featured Articles, Practice Management
“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 for two thirds of our economic activity and the revenue for most bigger accounting...
Not enough hours in the day? Take them back by automating your data management tasks
by Shane Reid | Oct 14, 2018 | Practice Management, Technology Support
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 hours per day repeating the same tasks? Then you probably feel like you’re pouring money down the drain....
Integrating data analytics into your audit plan for a more efficient audit
by David Stansell | Oct 14, 2018 | Practice Management
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 years ago. The levels of complexity present in the industry with compliance requirements,...
How to Attract and Retain Great Accounting Staff
by Rachelle Weingot | Oct 7, 2018 | Practice Management
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 into advisory roles that require soft skills many graduates and accountants...
How to add 20% to your practice value – the hook
by Magnus Yoshikawa | Sep 30, 2018 | Practice Management
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 seen it on many occasions. And while I lament the passing of the honourable handshake in business as much as the...
The Secret Sauce To Retaining Your Clients…
by Rachelle Weingot | Sep 13, 2018 | Practice Management
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 of the time it’s not because of price, quality, or service....