How to Manage Your Accounting Practice: Taking Your Firm from Chaos to Consensus, 6th Edition

Practice management used to be a relatively simple process. Today, the world of accounting has changed so much that the old view of CPAs relaxing after the dreaded April 15 deadline is no longer accurate. Tax, audit and consulting engagements keep most firms busy 12 months a year, and best practices for running a firm has morphed into best practices for managing chaos. The tools and skills needed to lead a firm successfully in the 21st century are vastly different than those required as little as 5 or 10 years ago. This book updates the previous edition and offers clear, hands-on guidance for how to effectively manage a firm today and lay the groundwork for the firm of the future. The 10th Edition provides a practical, 360° view of the state of the industry, including: Hands-on tactics and techniques for managing an accounting practice successfully in todays complex, global business environment From partnership to corporate: focus on the shift in firm governance from an equal partnership to a C-suite structure and what that means to firms of various sizes Best practices for many of the issues facing todays mid-sized firmsincluding setting firm goals, business succession, identifying and cultivating leaders, nurturing corporate culture in the current generationally and culturally diverse environment, developing profitable practice or service area niches, designing a client rating system, mergers and acquisitions, recruiting and re-recruiting and using dashboards to enhance productivitysupported by real life examples from the authors experience of firms that do it well.