Not Everyone on The Team Needs to Know Accounting
When I was a kid in school, I remember a story that was told by our teacher after an event at recess. You know the kind, an allegory. It was very short story and it related to an incident that occurred when a group of kids ignored someone in a game under the assumption, they […]
Light at The End of The Tunnel—A Grateful Remoter
This has been a difficult year for everyone, all over the world. In mid-January 2020 I flew back from India via Hong Kong only to arrive home to an email notice from one of my siblings that worked at a major east coast medical facility in the virology lab. Get ready this is going to […]
What the Change Could Bring and How It Could Be Accomplished
Recently David Brooks had an article posted in the Baltimore Sun digital edition. Brooks was talking about how to make America great. It was a very well written and thoughtful article. The idea, however, was universal about all things to make great. When one finds stagnation, broken structures, and a lessening of positive outcomes, change […]
Why Reconciling Accounts Every Month is Good Due Diligence
Over the years we have worked on more accounting files than we can count. Working directly with business owners and working with Accounting offices. This all started because a large nationwide firm asked us, many more years ago than I care to admit, to develop a standard policy on allocations so they could systematize their […]
Should You Pay for Your Client’s SaaS?
Many years ago, back in the previous century, we recommended that accounting firms, wanting to become more efficient and promote themselves as forward-thinking, should use ASPs when managing their business client’s accounting software. That is still a viable option for quite a lot of businesses and firms. We even went so far as to tell […]
Action plan: Implementing Apps in your Accounting Firm
This can be used for any case of any implementation from a new client on-boarding, new product line and especially app or software changes. Told as true story, because it does paint the picture of what not to do. Full disclosure, I take some on-boarding support calls for FileThisPro. In that capacity I have run into […]
The Need for Legal & Accounting Professionals in the Cannabis Industry
April 20th is a day of celebration for those in the cannabis industry. States and countries are changing the laws on the growing, selling, and using of cannabis almost weekly. A confluence of dedicated lobbying by groups such as norml.org and the Marijuana Policy Project, along with a generational change, the understanding that opiates are […]
What was that deposit?
Insourcing your clients’ bookkeeping and accounting has become rather commonplace. The first step was to take over the payroll, then AP and expenses. Those two areas have become rather easy to manage and run virtually thanks to apps such as Gusto, QuickBooks Payroll ADP, Ovation, bill.com, Entryless, Receipt Bank and Expensify to name just a […]
Change is Inevitable
There have been a plethora of articles on the changes technology is bringing to the workplace: how accountants and bookkeepers need to integrate these technologies into their firms and utilize them for the added value sale, to increase client retention and client relationship, and manage internal workflows and employees. “So many apps, so little time” […]
Competing with the Big Four: Outsourcing as the Leveler
Many companies find that having data entry work done by staff in India is very helpful not only to the bottom line, but also to the internal staff that is dealing with incoming calls, clients, and the day-to-day activity. The India teams accomplish their work during the US evening. I have workers in several locations: […]
