Firm360 Blog Posts

Below are recent Firm360 blog articles we have published. Check back often for new content.

6 Signs Your Firm Has Outgrown Your Accounting Software
February 2, 2023
Knowing when it's time to upgrade your accounting software can be tricky. Here are signs your firm has outgrown your current accounting software:
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7 Strategies for Effectively Managing Accounts Receivables
January 27, 2023
Accounting firms need to be aware of the importance of effective management of their accounts receivables. Continue reading to learn more!
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How to Transition to a New Practice Management Software
January 19, 2023
Here's what you need to know when transitioning to a new accounting practice management software, from planning to implementation. Read more!
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Best Practices for Accounting Workflow Management Software
January 12, 2023
In order to make the most of accounting workflow management software, it’s important to understand best practices for its use. Here are some of them:
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Bookkeeping for the New Year: Essentials for Successful Bookkeeping
January 5, 2023
This checklist contains all of the important tasks that need to be completed in order to stay on top of your business finances throughout the year. 
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Identifying Inefficiencies in Your Accounting Processes
December 28, 2022
In this article, we wAccounting processes are essential for all businesses to manage their finances and ensure accuracy in their financial records. However, with the increasing complexity of financial operations, it is important to identify inefficiencies in the accounting processes to ensure the accuracy and efficiency of the financial operations. Identifying inefficiencies can help businesses save time and money, as well as improve the accuracy of their financial records. In this article, we will discuss how to identify inefficiencies in the accounting processes and provide tips on how to eliminate these inefficiencies. 1. Analyze Your Current Process The first step in identifying inefficiencies in the accounting process is to analyze the current accounting process. This includes understanding the current accounting system, the processes that are currently in place, and the tools and resources used to manage the accounting process. Once you have a clear understanding of the current process, you can begin to identify areas that are inefficient and need to be improved. 2. Identify Bottlenecks In any process, there are likely to be bottlenecks or areas where the process slows down or becomes inefficient. Bottlenecks tend to occur when too much work is being done in one place or when too few resources are available to complete the task. Identifying these bottlenecks can help you identify areas where improvements can be made. Examples of bottlenecks in the accounting process include manually entering data, reconciling accounts, and manually creating reports. 3. Review Internal Controls Internal controls are procedures and processes that are put in place to ensure that the accounting process is accurate and secure. Reviewing and updating internal controls on a regular basis can help to identify any weaknesses in the system and help to ensure that the process is efficient. Examples of internal controls include segregation of duties, approval of transactions, and data security. 4. Analyze Data Data analysis can provide valuable insight into the efficiency of the accounting process. Analyzing data can help identify trends, pinpoint areas of inefficiency, and identify opportunities for improvement. Examples of data analysis include analyzing financial statement data, comparing actual results to budgeted results, and analyzing accounts receivable and accounts payable data. 5. Investigate Technology Solutions In the digital age, it's important for businesses to stay up-to-date with the latest technology solutions. Investigating technology solutions can help businesses to improve the efficiency of their accounting processes and ensure that the data is secure. This can include researching CPA practice management software, cloud storage options, and mobile apps. It is important to ensure that any technology solutions are compliant with industry regulations and standards. 6. Implement Quality Control Quality control is a key part of any accounting process. It involves implementing procedures, policies, and systems to ensure accuracy and consistency. Examples of quality control measures include setting up internal checks and balances, conducting regular audits, and ensuring that all data is accurate and up-to-date. 5. Monitor Performance Finally, businesses should monitor the performance of their accounting processes to identify any areas of inefficiency. This includes tracking the accuracy of financial records, the speed of transactions, and the amount of time it takes to complete tasks. Monitoring performance can help businesses identify areas of inefficiency and take steps to improve them. Conclusion Identifying inefficiencies in your accounting processes is an important step in running a successful business. By streamlining and automating accounting processes, businesses can save money and time, as well as reduce errors. Additionally, ensuring that your accounting processes are compliant with industry standards and regulations can help to ensure that your business is operating within the law. To effectively execute new processes in your accounting firm, you'll need help from a reliable tool that has everything you need for a successful transition. This is where Firm360 comes into play. We give you modern accounting practice management software solutions that can help you stay organized and on track with all your accounting needs. With Firm360, you can easily automate your accounting processes, manage client data, and create customized reports. Give us a try today to see how Firm360 can help you and your firm.ill discuss how to identify inefficiencies in the accounting processes and provide tips on how to eliminate these inefficiencies. Read on!
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7 Proven Accounting Strategies for Boosting Client Retention
December 22, 2022
Retaining clients is a critical component of running a successful accounting firm. Check out this article to know more about it. Read on!
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7 Key Steps to Automate Your Accounting Workflows
December 15, 2022
In this article, we will discuss the essential steps for automating your accounting workflows. Read on!
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Making the Most Out of Working With a Freelance Accountant
December 8, 2022
Here are a few things to keep in mind when working with freelancers at your accounting firm. Continue reading this article to learn more!
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How to Grow Your Accounting Firm the Right Way
December 1, 2022
Managing an accounting firm can be challenging. There are so many things to think about, from finding the right clients to hiring the right staff.
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Staying Ahead of the Curve in the Accounting Industry in 2023
November 28, 2022
In order to stay ahead of the curve, accounting firms need to be proactive and adapt to the changing landscape. Read on to learn more.
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Beginner’s Guide to Running and Managing an Accounting Firm
November 17, 2022
Running an accounting firm is a challenging but rewarding business venture. To help you better understand how to manage an accounting firm, keep reading on!
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6 Organizational Tactics for Managing an Accounting Firm
November 10, 2022
There are a number of smart strategies that can be employed to effectively manage an accounting firm. Let’s look at some of them. Continue reading on!
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Firm360 Achieves SOC2 Type II Certification
November 4, 2022
Firm360 Achieves SOC2 Type II Certification
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6 Workflow Mistakes Your Accounting Firm Should Avoid
November 3, 2022
There are a few common mistakes that can lead to accounting workflow problems, and we’ll go over six of the most common ones here. Continue reading on!
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2022 20 Under 40 Brandon Gray
November 1, 2022
Brandon Gray Selected As One Of 2022 CPA Practice Advisor's "20 Under 40" Top Influencers
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How Automation Can Foster Growth and Compliance in Your Firm
October 27, 2022
Technology has changed accounting. Here's how automation can help accounting firms boost their compliance efficiency and improve their processes.
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7 Signs You Need to Upgrade Your Firm's Accounting Software
October 20, 2022
As your accounting firm grows, you may find that your current accounting software can't keep up with your needs.
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How Accounting Software Increases Profitability for Your Firm
October 13, 2022
As an accounting firm, you work night and day to help your clients keep track of their finances and help them become more profitable. Continue reading on!
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The True Value of Time Tracking for Accounting Professionals
October 6, 2022
In this article, we'll focus on the importance of time tracking and why accounting professionals should have a systematic and efficient time tracking system. Read on!
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How Optimized Workflow Leads to an Accounting Firm’s Success
September 29, 2022
Let's take a closer look at how optimized workflow can lead to the success of an accounting firm. Continue reading this article to learn more!
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7 Tips to Help You Manage Your Accounting Firm Effectively
September 22, 2022
By following best practices and being organized, you can keep your accounting practice running. Here are tips on how to manage your accounting practice effectively:
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7 Mistakes Accounting Firms Should Avoid at All Costs
September 15, 2022
There are some specific mistakes that can be particularly damaging to your accounting business? Here are seven mistakes to avoid. Read more!
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Accounting Smarts: Automating Your Entire Workflow
September 8, 2022
Here are more reasons why automating your accounting firm’s workflow is one of the best decisions you could ever make. Continue reading to learn more!
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4 Accounting Hacks to Optimize Your Firm's Workflow
September 1, 2022
Managing workflow can be a challenge for any business, but it is especially important for accounting firms. Continue reading to learn more!
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Top Project Management Tips for Accountants & CPA Firms
It probably goes without saying, but here we go. If you want to succeed in any project, in anything really, you must be organized, manage your time, and communicate well with others. When it comes to accounting, it becomes all the more vital.
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Tax Return Client Document Collection
We have talked to thousands of accountants and this time of year, one thing keeps coming up over and over: How to efficiently get the needed documents from your clients.
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How to Streamline Your Workflow & 
Resolve Management Issues at Your Accounting Firm
In any business, there can be too many tasks and not enough people.
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Accountants: How To Increase Staff Productivity and Save 10 Hours a Week In The Next 30 Days
In this article, I’m going to walk through how to drastically increase your firm’s productivity and save your staff an average of 10 hours a week in wasted non-billable time in 30 days.  This will free up your time to focus on growing your practice and delivering awesome service to your clients.
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Tax Return Client Delivery
Today we are going to be talking about “Tax Return Client Delivery” processes.  Waiting on the client can be the most infuriating of all the time delays. You have done all the work ahead of the deadline, all you need to do is get the client to sign off and pay so you can submit their package to the IRS, but now you have to wait for them.
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