How to Manage Your Accounting Practice (Sixth Edition) 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. 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.

The Revised Edition will provide a practical, 360° view of the state of the industry, including hands-on tactics and techniques for managing an accounting practice successfully in today’s 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 today’s mid-sized firms—including 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 productivity—supported by “real life” examples from the authors’ experience of firms that do it well.

About the authors

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