Partner Remuneration

How much should a partner of a multi partner accounting firm be paid? Should it be equal pay because you have equal shareholding? If it is going to be equal pay then each person my pass the checklist of the ideal partner. Most should not be paid equal. I have a view that a lot…

21 years ago today…

Today marks 21 years to the day working exclusively with Accounting firms around the world. On May 20 1994 I presented a seminar to the small business clients of Ellis Ryan in Coonamble, NSW, Australia. It’s a small town of 3,000 people literally (for my USA readers) in the ‘outback’. Prior to meeting Ellis I…

The big 4 of Accounting

To grow and develop an Accounting firm it needs 4 areas of focus – workflow, people, clients & revenue.  The challenge is that if you just focus on workflow then revenue growth will not happen. If you just focus on revenue only typically the ‘wheels fall off’ workflow and people development. The key is to focus…

Why are Partners, Partners?

Although most accounting firms are operated by sole practitioners (one owner), by my educated guess there are approximately 3 partners for every accounting firm in the world. And from my basic research there over 1,000,000 firms in the world. So somewhere in order of 3,000,000 partners. Worldwide it is estimated to be over a one…

The leaving Speech

Today marks the end of a 5 year and 2 month era. But it’s also the start of a new one. One of our star performers, Sharon McClafferty is leaving to look for new opportunities. She started as a sales coordinator and was quickly promoted into the role of sales where she quickly started outselling seasoned…

Accounting can be sexy

Attention Accountants: Feel free to use this article in your publications to help promote cloud Accounting. Please give credit to me as the author using the footer at the end. Accounting can be sexy The old system of accounting is really boring. If you are like most small business owners each month you ‘transact’ (making…