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Law Firm Trust Accounting Workflow: How to Never Fail a Bar Audit

1. Introduction: why trust accounting failures happen Most trust accounting failures are not caused by intentional misconduct. They happen because the workflow is weak. A deposit is recorded late. A client ledger is not updated

Real Estate Accounting Workflow: Managing Multi-Property Clients Without Chaos

1. Introduction: why multi-property accounting becomes complex fast Real estate accounting looks simple when a company manages one or two properties. There are rent deposits, repairs, mortgage payments, insurance, utilities, property taxes and management

The Year-End Close SOP That Makes January Less Painful

1. Introduction: why January chaos starts months earlier January does not become chaotic in January. For most CPA and accounting firms, January chaos starts in November and December. Books are not cleaned up early. Q3

Why Most Accounting Firms Are Designed for Burnout: Key Takeaways from the Finsmart Webinar

Long hours. Weekend work. Tax season chaos. Missed family events. Constant client demands. Since the emergence of accounting as a profession, this has been the norm of the industry. Everyone accepts this is how it

The Firms That Are Winning Aren’t Trying to Replace Accountants – Takeaways from Finsmart Webinar

The conversation about AI in accounting, over the past few years, has turned strangely binary. One school of thought believes that AI will replace accountants; the other believes it to be mostly hype. In

The Most Expensive Word in Accounting in Assumption – Deb Defer’s Lessons

Most issues that accounting firms deal with are pretty obvious. Yet they mull over the same things again and again: Talent shortages. Client demands. Workflow bottlenecks. Technology adoption. AI. Capacity. While these are problems

The Loneliest Person in an Accounting Firm Is Usually the Owner – Erin Pohan’s Perspective

Some leaders say it out loud. Others just experience it and suffer in silence. Yet this is one of the most common experiences firm leaders or owners face – loneliness at the top. Firms are

The Difference Between a Checklist and a Process And Why Most Firms Have the Wrong One

1. Introduction: why most firms confuse checklists with processes Most CPA and accounting firms believe they have documented processes. In reality, many have only documented task lists. A checklist says what needs to be done

Process Metrics for Multinational Finance Teams: What Gets Measured Gets Fixed

1. Introduction: why accuracy alone is not enough Most multinational finance teams measure accuracy. That is necessary, but it is not enough. A finance team can eventually produce accurate numbers and still operate with poor

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