How Effective Practice Management Reporting Can Minimize Write-Offs

Practice Management Reporting Tips for CPAs and Accountants β€œFirms don’t recognize the single biggest controllable cost to the CPA firms is work-in-process write-offs.” --Rosenburg, M. L. (1994), The 10 Biggest Mistakes CPA Firms Make. The Journal...

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The Best Way to Present Time and Billing Expense Reports to Clients

Examples of Time and Billing Software Expense Presentations Most professionals incur and bill costs to clients including travel, hotel, auto and other direct expenses associated with the performance of specific services. No universally accepted presentation format...

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Accounting Time and Billing Software FAQ: Should the Partner do the Billing?

The Traditional Approach to Time and Billing Software Effective use of time and billing software should always involve the billing partner for best results. Many accounting firms follow traditional billing patterns. For example, (1.) the distribution...

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The Auditor’s Dilemma – The Temptation to Compromise when Audit Invoicing

Integrity vs. Money: The Importance of Auditor Independence Auditing public and nonpublic companies present a myriad of challenges not commonly known to the public. Missing from nonpublic company audits are the oversight regulations of the SEC...

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