What it means to be an accountant is changing — and that may be an important part of attracting more young people too the profession, says David Bergstein.
Most organizations that lease real estate spaces or equipment assets like IT, fleet, or medical devices keep and use those leased assets within their organizations; they are the lessees, and the lease financing company is the lessor.
Automation has been a buzzword in the accounting industry for years. And while automation can only go so far, when paired with the power of AI, automation can do more than streamline manual and repeatable tasks. AI can help automation take the next step forward and reshape a firm's digital workflows.
The ability to integrate the latest tools into an accounting practice is a key indicator of a firm's ability to thrive in the future; this listing highlights a range of firms that are setting the standard for embracing technology.
CAS is evolving from a focus on transactions to an emphasis on advisor services — and firm's practices are evolving, too, with new skillsets, new services, new approaches to client service, and new staffing and pricing models.
Work smarter, not harder. Today, that saying is as true for the CPA firm or tax office that embeds intelligence into every aspect of their operations through technology as it was for the first caveperson to use a wheel and pulley system.
The thing about a firm's technology arsenal is that it's a lot like a real arsenal: likely to go out of date the longer you go without upgrading it. With that in mind, firms need to regularly review what new items are in the pipeline, and adjust their IT strategies on a regular basis to account for the game-changing solutions that are on their way.
