Accounting Office Management & Administration Report
AOMAR is a monthly newsletter designed for use by anyone responsible for the day-to-day management of a CPA firm. AOMAR has been in print since 1984 and continues to provide actionable information that readers can use to manage their firms efficiently and profitably. The report's quick-reading articles cover management issues critical to continued firm survival and growth in today's competitive marketplace.
November 2008 - Table of Contents
Billing rates at CPA firms remain high, evidence that the marketplace continues to be strong for CPA firm services. Despite the economic change and uncertainty that has affected U.S. businesses this year, the value of CPA firms’ services is holding steady.
Training and learning have many benefits to a CPA firm: More knowledge leads to greater productivity and technical expertise, for instance. A culture that encourages ongoing learning is also one that will help to retain your valuable staff, says Jennifer Wilson, co-founder and partner at ConvergenceCoaching LLC.
Despite a difficult economy, compensation and bonuses are holding steady for CPA firm owners and staff and even are up slightly in certain categories. This is a key finding of AOMAR’s 2009 CPA Firm Practice Management Survey.
The responsibilities of a firm administrator are different, depending upon which firm you ask. So don’t feel bad if you don’t recognize the title. Job descriptions for this position vary as much as the title. The role, however, is much the same at any CPA firm: to handle the administrative aspects of the firm so that accountants can focus on client work.
GET READY FOR 2009: FINANCIAL REVIEW PRACTICES TO CONSIDER
Year-end is just around the corner, so as your firm contemplates its strategy for 2009, consider these financial management tips:
• Know the cost to your firm of an hour. A formula that can be used to determine direct costs relating to a billable hour: …
More highlights From AOMAR’s 2009 Practice Management Survey: Get Ready for Next Year! The 10 Must-Haves in Your Busy Season Marketing Plan How to Be a Better Mentor: Lessons From Real-Life Firm Experiences Holding Down Turnover: Learn How One Firm Is Keeping Even ‘Hard-to-Please’ Millennials Protect Your Firm’s Computers & Systems From Attack: Are You Doing Everything You Should?…
Missouri MAP Conference 2008, Kansas City, Mo., Nov. 2-4. Contact: 21st Century MAP, 3300 Dale, Suite 230, St. Joseph, Mo. 64506; 877-627-0008; www.21stcenturymap.com
AICPA/ASA National Business Valuation Conference 2008, Las Vegas, Nov. 10-12. Contact: AICPA, 888-777-7077; www.cpa2biz.com/conferences
AICPA Accounting Firm Leadership Forum, Henderson, Nev., Nov. 10-11. Contact: AICPA, 888-777-7077; www.cpa2biz.com/conferences
National Real Estate Conference, Phoenix, Nov. 13-14. Contact: AICPA, 888-777-7077; www.cpa2biz.com/conferences …
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