JUNE 2012 BEST PRACTICE SUGGESTIONS
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for June 2012.
BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Management/People/Culture
Billings and Collections: Front load your billings by charging 1/3 at time of engagement letter and 1/3 at start of engagement.
June 2012
Non-equity Partners : Use them to provide a path to equity partnership and to retain important staff members.
June 2012
Role of Firm Administrator: CPA firms of all sizes should consider hiring a firm administrator who can handle firm operations more cost-efficiently, freeing up partners for "partner-appropriate" tasks.
June 2012
Marketing
Frequency of email Blasts: Some 44 percent of accounting firms launch email marketing blasts to clients, prospects and referral sources about every two weeks.
June 2012