Accounting Burnout: Meaning, Signs & Tips to Tackle Bookkeeping Fatigue
A recent study has showcased that a whopping 99% of accountants suffer from some level of burnout. This number is not just alarming in terms of the mental health of these professionals. The same study also shows that this high level of burnout leads to errors in the books. Nearly 49% of the accountants had […]
How to draft a new AI policy for your accounting firm or CPA practice
Artificial Intelligence has truly enabled evolution, especially for niche fields like accounting. As we continue to reinvent the way accounting businesses work, it becomes critical for CPA firms to draft policies around AI. While AI helps simplify complicated jobs and makes space for accountants to focus on tasks that truly matter, AI also poses a […]
How to Set Accounting Compensation to Attract Top Talent?
They say, “Money can’t buy happiness”. But that is most certainly not true when it comes to hiring talented employees for your accounting business. Since the pandemic, the accounting field has been struggling to find candidates with the right skill set even at record compensation. Challenges like the retirement of boomer accountants, the modern generation […]
Start an Accounting Firm or CPA Practice: 9 Things to Know
Starting an accounting firm doesn’t have to be as difficult as you think. We are in times when startup culture is dominant. The youth are ambitious, focused, and full of dreams. But it is not enough to just dream. As the young generation of accountants steer away from the regular 9-5, aim for a career […]
Finance Trends for CFOs to Amplify Growth in 2024
Marko Horvat, Vice President, of research in the Gartner Finance Practice said, “What we hear broadly from CFOs is that digital initiatives aren’t meeting their expectations. Unless CFOs reassess how they and their teams lead digital initiatives, those initiatives will continue to disappoint.” As we continue to make advancements in digitalization and artificial intelligence in […]
Communicating in Accounting: High impact Strategies for CPAs and Firms
Accounting is a niche field. While you might think that your clients know all about the jargon and the nitty gritty involved in accounting. Over the past few years, the accounting and finance field has undergone an enormous amount of changes. These are not just limited to technology and automation but also include the introduction, […]
Increase Your Accounting and Bookkeeping Prices With These Tips
Pricing accounting services is a critical genre that must be treaded on carefully. While you must charge for the service you provide and the values you add, it is only normal to doubt your offerings in the competitive market. Questions like “Am I charging enough” or “Am I charging too much”, and even “Will accounting […]
Evolution of Accounting in the Past Decades: Automation, Remote Work, and More
As they say, change is the only constant. In the field of accounting, this is especially true. Accounting, as a profession, is considered one of the most essential pillars of any business. While businesses change how they function, the tools they use, and the goals they look forward to, it becomes inevitable for accounting leaders […]
Accounting Talent Hiring Tips and Ideas for CFOs Aiming for the Best
Gartner surveyed 234 CFOs in July 2022, where the respondents said hiring and retaining staff was among the most difficult tasks. About 54% of the respondents ranked the “people” problem as number one. The fight to secure the most talented employees has been ongoing, especially in the post-pandemic global economy. We live in a world […]
Accounting Industry Trends to Follow in 2024
Accounting firms, in the US, are navigating through a series of challenges and trends in 2024, propelled by economic conditions, technological advancements, and changing market demands. For over half a decade, the world has witnessed enormous changes and the accounting field is no exception. The technology that is in use today or expected to be […]