How Does Being Creative Help an Accountant Grow?
One might think that accounting is all about crunching numbers. So what does creativity have to do with this niche field? A recent report by the World Economic Forum found that 73% of accounting firms regard creativity as one of the most essential skills. For accountants, there has to be a key focus on logic, […]
Real estate accounting: Basics, Challenges, and Best Practices
Real estate, in almost every part of the globe, is a booming business right now. It involves a huge number of financial processes and complexities. Because of the operational nature of the industry, the real estate sector needs exclusive standardized processes for accounting. Just like in most other industries, accounting forms the backbone of real […]
Contractors Accounting: Basics, Challenges, and Best Practices
The construction industry is highly complex. When it comes to their operations there are multiple layers to it. With so many people involved, it can often get difficult for accountants to analyze how to balance the books of their construction clients effectively. From delayed timelines to complex structure designs, several contractual terms and obligations, and […]
Bridging the Gap Between Accounting Firms and Tech Vendors
There is no doubt in the fact that we have transitioned into a digital era. Right from how we make payments to perform our daily grocery shopping – all it takes is a click of a few buttons. While the world has largely adopted the technological shift, this evolution has been slower for the accounting […]
22 Accounting Conferences and Bookkeeping Events to Grow Faster
Networking is more than just a means to connect with like-minded people from your industry. It is an investment that you make in time and effort to reap the benefits you foresee for your business. Over the years, the accounting and bookkeeping industry has undergone massive changes. As accountants find themselves navigating through changes in […]
Tax Season Stress and Madness: Selfcare During the Peak Season
On the technical side, tax season is about filing at the right time, ensuring all documents have been uploaded correctly and the clients get the maximum returns, there is something inherently critical for tax professionals – to survive the tax season chaos. This season brings a whirlwind of stress and anxiety due to the long, […]
Why Accountants Quit Public Accounting Firms
As people leave an organization, there is a significant increase in pressure on the ones who stay. And this is a continuous loop. Since 2020, more than 3 lakh accountants have already quit their jobs and more continue to do so. While everyone in the accounting profession is aware of the declining number of resources […]
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 […]
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 […]