Firm360

Accounting firms, are you ready to boost your productivity? 📈 Our latest blog post dives deep into how cloud technology is revolutionizing accounting practice management. Discover how cloud-based solutions can help you: Streamline workflows and automate routine tasks • Enhance team collaboration, whether in-office or remote • Improve data accuracy with real-time reporting • Scale resources efficiently as your firm grows Don't let outdated systems hold you back. Learn how firms like Banks, Gray & Crumpler, PLLC grew their average revenue per employee by over 25% using cloud technology. Read the full article to see how you can transform your firm's productivity and set the stage for sustainable growth. Your journey to a more efficient, profitable practice starts here! #AccountingTechnology #Accounting #PracticeManagement https://hubs.ly/Q02T0gVq0

Interesting news aiming to address the talent pipeline challenges for CPAs. The AICPA and NASBA are proposing a competency-based experience option for CPA licensure. This new pathway could provide more flexibility while maintaining the rigorous standards of the profession. Key points: - Candidates would demonstrate professional and technical competencies - Still requires a bachelor's degree, 1 year of experience, and passing the CPA exam - Aims to address talent pipeline challenges in accounting What do you think about this potential new pathway? How might it impact talent acquisition and development in your firm? #Accounting #CPALicensure #AccountingProfession #ProfessionalDevelopment https://hubs.ly/Q02Qg6RP0

Accountants, let's talk about vacations. Can you truly unwind, or are you constantly tethered to your email? A recent AccountingWEB survey reveals a common struggle: many accountants check emails daily while on vacation. It's a testament to their dedication, but at what cost? Key insights: • Strategic planning of time off helps, but client demands can still intrude • Some find a middle ground by setting clear boundaries and expectations • Complete disconnection, while challenging, can lead to renewed motivation and perspective As accountants, you're committed to your clients. But remember, taking time to recharge is crucial for long-term success and well-being. How do you manage your work-life balance during vacations? Share your strategies below. #AccountingLife #WorkLifeBalance #PracticeManagement https://hubs.ly/Q02M51jX0

Accounting firms are finally addressing the elephant in the room: compensation. But is it enough? Recent salary increases by major firms like EY, KPMG, and PwC are a step in the right direction, but they're just the beginning. To truly attract and retain top talent, firms need to: • Exceed, not just match, salaries in other business fields • Commit to work-life balance, even during busy seasons • Provide funding for the extra education required for CPA licensure The accounting profession demands more from its entry-level staff - longer education, difficult licensing exams, and intense work hours. It's time for compensation to reflect these unique challenges. What do you think? Are these salary increases a game-changer, or do firms need to do more to revitalize the accounting pipeline? #AccountingCareers #TalentRetention #WorkforceDevelopment

In today's rapidly evolving accounting landscape, small and mid-sized firms face unique challenges. With technological advancements reshaping our industry and a shortage of fresh talent, many firm owners are asking themselves: "What's next?" If you're among this demographic, you might be contemplating your exit strategy. Merging with a larger firm could be the key to securing your legacy and ensuring your firm's continued success. Why consider a merger? • Access to cutting-edge technology • Expanded service offerings • Stronger market position • Succession planning made easier If you're ready to explore how these industry shifts could benefit your firm, check out this article to learn strategies to keep your practice thriving in the years to come. #AccountingTrends #FirmMergers #SuccessionPlanning #Firm360

At Firm360, our people are the cornerstone of our success. Today, we're excited to spotlight Shane Monroe, our Director of Sales, who has been an integral part of the Firm360 team since August 2020! Shane embodies the values that make Firm360 a leader in our field. When asked about his favorite aspect of working at Firm360, Shane highlights three key elements: • The culture: Our commitment to fostering a positive, innovative environment • The team: The collaborative spirit that drives our success • The impact: The opportunity to positively influence thousands of accountants' lives Outside of his role as Director of Sales, Shane enjoys: • Quality time with family and friends • Traveling and exploring new places • Sports activities, including golf and soccer • Seasonal adventures like snowboarding and boating • Exploring his passion for food as a self-proclaimed foodie Join us in celebrating Shane's contributions to Firm360 and his commitment to driving our mission forward! His story is just one example of the dedicated professionals that make up our Firm360 community, where we believe that investing in our people is the key to delivering exceptional value to our clients. #EmployeeSpotlight #SalesLeadership #Firm360Team #PeopleFirst

The days of number-crunching and compliance-focused services are fading fast. The move to Client Advisory Services (CAS) is reshaping our profession, and it's time to ask some tough questions: • Is your firm equipped to offer strategic business advice beyond the balance sheet? • Has your firm adapted your pricing model to reflect the true value you bring? The future belongs to firms that can transform data into actionable strategies, nurture client relationships, and embrace technology as a partner, not a threat. Looking to get up to speed on what industry leaders think of CAS? Check out this article: https://hubs.ly/Q02H7CP60 #FutureOfAccounting #CAS #AccountingInnovation

See how you can unlock the power of progress billing in Firm360! 💼💡 In this video, our Director of Client Success, Paige Daniels, walks you through: • Handling large, multi-month projects with upfront payments • Managing monthly recurring services with fixed fees Learn to: ✅ Enable progress billing ✅ Create bills for long-term projects ✅ Efficiently track time and invoicing ✅ Bill in advance for recurring services Improve your cash flow and project tracking today! Watch our step-by-step tutorial and take your billing process to the next level. #Firm360 #ProgressBilling #AccountingTips #BusinessEfficiency https://hubs.ly/Q02H7kr10

Accountants are faced the challenge of managing those "quick questions" that can derail your day. Here are some key takeaways from Jason Staats, CPA's recent video on how to handle “quick questions”: - Set boundaries: Consider implementing "office hours" for quick questions. - Leverage technology: Use tools to automate responses or direct clients to resources. - Capture your expertise: Start documenting your knowledge to build a valuable resource. - Rethink billing: Consider value-based pricing for advisory services. - Ask your clients: The best value-add services often come from understanding your clients' pain points. Remember, it's about finding the right balance between accessibility and productivity. What strategies have you found effective in managing quick questions? #AccountingTips #PracticeManagement #ClientService #accounting https://hubs.ly/Q02FHQjX0

At Firm360, the success of our company is built on the dedication, expertise, and passion of our team members. Today, we're thrilled to shine a spotlight on one such exceptional individual: Ashley White, a valued member of our Client Support team! Ashley embodies the values that make Firm360 a leader in our industry. Her favorite aspect of her role is building lasting relationships with our clients. She says, "I love that once onboarding is over, I still get to check in with our clients and see how they are doing!" When she's not providing exceptional support to our clients, Ashley enjoys: - Spending quality time with family and friends - Soaking up the sun at the beach or pool - Enjoying outdoor activities Join us in celebrating Ashley's contributions to Firm360 and her commitment to creating meaningful connections with our clients! #EmployeeSpotlight #ClientSupport #Firm360Team