Gone are the days where spreadsheets are sufficient for ongoing lease accounting compliance. But, with 41% of organizations still relying on manual processes, the monthly close and audits are slower -- and the risks are high.
You'd think the last thing accounting firms would want to do is to disrupt themselves — yet that may be exactly what they need to do, says Bob Lewis of The Visionary Group.
Workpapers are a fundamental element of the workflow at corporate tax departments. Given their importance, solutions that involve workpapers should integrate well with other related processes to save time and avoid errors. Read More.
CAM (Common Area Maintenance) charges are a universal thorn in the side of lease accountants. From parking lots to water for irrigation, these pesky non-lease components are an unavoidable part of doing business.
With good staff almost impossible to find, firms need to find more ways to get work done, and the growing use of the automation technologies and practices detailed in this report is one key solution.
From simplifying data management to automating complex calculations, Thomson Reuters is spearheading the charge towards a future where manual tasks are minimized, and strategic decision-making takes center stage. Embrace the possibilities of this automation revolution and witness how Thomson Reuters is shaping the landscape of modern accounting.
Today is an exciting, but unknown time for accounting practices. Accounting firms are looking for ways to continue to grow while also maintaining their existing clients. Listen to this podcast to learn how the use of technology can help accounting firms grow today.
