“Compliance is dead! Compliance is dead!” As accountants we all know this is business coach hype. Compliance is not about to die any time soon, but it is certainly changing in the way the accounting profession delivers it.
I’m always intrigued when industry “experts” say compliance is dead and that accountants need to value add for their clients. What do they mean by “value adding”? Why is it different to what we’re doing already? Does this mean the tax compliance work we’ve been doing never added value for our clients? Is the tax…
When we decided to move Poole Group to the Xero platform, we set up a long-term structured plan that would take between 18 months and two years to complete. Why so long? Well, for a couple of reasons: We’d already been burnt once moving from one system to another, and didn’t want it to happen…
When talking to other accountants about the cloud and the benefits it brings to an accounting firm it is always interesting to ask if they started their practice in the cloud or if they transitioned an existing practice. The benefits of having your accounting practice 100% ‘in the cloud’ are well-documented, but the big question…
As you’re no doubt aware, online accounting can provide major benefits for both accounting firms and their clients. But a number of firms are struggling to make the transition. Some are hesitating, not realising the benefits on offer. And others have charged ahead, underestimating just how much work is involved in making the switch.
And why a firm that achieved Xero Partner of the Year for moving their clients to the Xero platform is now helping other accounting firms do the same. I’m often asked why the Poole Group—after achieving Xero Australia Accounting Partner of the Year in 2013—started Zerobooks in the first place.
Thanks to the Internet and cloud-based applications, you can now hire staff from anywhere in the world. Not only that, you can also choose from a number of different hiring models. However, it’s important to choose a model that works not only for your new employee but also for your business. They all have their…
While Accountants attract clients with their knowledge and expertise, what they’re actually selling is their time. Whether they’re charging a fixed fee or an hourly rate, their service model is based on the time it takes to do a given task. So obviously their ability to perform these tasks efficiently is a vital part of…
Starting a new business for the first time can be tough. You’ve always dreamed of making a living doing what you enjoy, and you expect to take the world by storm the moment they hear about your new venture. Unfortunately, reality doesn’t always work that way.
Every accountant knows the key to a profitable business is productivity. The more productive your business is, the more capacity you have and the more fees you can generate. Trouble is, many accountants either are too busy or simply don’t know how to generate the extra capacity to increase their income (and their profit).
The cloud has given accounting firms a major opportunity to automate their accounting practices. However, many firms are yet to realise it can also improve the efficiency of administering their office and delivering services to their clients.
Wayne Schmidt talks to Mel Power from Power Finance and Joe Walsh from JWA Accountants and discuss how they’ve scaled their bookkeeping and accounting businesses. It’s a wide ranging discussion, which includes how ZeroBooks.com has allowed them both to scale without increasing head count.
Technology in rapidly evolving the entire construction and services industry. Clinton Cowin from TradiePad talks about how he’s moved from a tradesman to now offering cloud integration services. Clinton goes over the components of a “Business Operating Platform” and what you need to know when looking to adopt technology into your organisation.
Have you ever analysed your workflows to find out what’s making you money and what’s causing write-offs? In nine out of ten cases write-offs are the result of poor workflows and not being able to recover time spent sorting out a client’s data file.
The cloud has given accounting firms a chance to restructure their operations, processes and internal structures. But many firms are still oblivious to this massive opportunity, and have no clear idea how to implement such a strategy.
Lately there’s been a lot of focus on how “the cloud” is affecting the accounting profession. Which is odd, because it’s actually the bookkeeping profession that’s being affected the most.
Is your accounting firm wondering about the pro/cons and the how to move to fixed fees? Wayne Schmidt interviews accounting firms Sky Accountants CEO Jamie Johns who was recently featured at the Xero national roadshow, and Poole Group Director Greg Tuckwell, Xero Accounting Partner of the year in 2013.
Well, Xero’s February Roadshows are now done and dusted. And there was certainly a lot to take in. The first thing I noticed was the number of attendees. More and more people seem to be moving to the cloud every day, with attendance records being smashed at almost every venue.
Accounting firm Sky Accountants CEO Jamie Johns was recently featured at the Xero national roadshow. Now if your accounting firm is wondering about the pro/cons and the how to adopt cloud accounting this video will answer your questions.
It was interesting to observe the bookkeepers and accountants at February’s round of Xero Roadshows. I’ve been to a number of roadshows and Xerocons, but this year I was there as an exhibitor, and got to talk to a lot of the attendees.
