CPA Practice Advisor - 4

FROM THE EDITOR

Technology Will Never Be Slower
Than It Is Today
IT MIGHT SEEM like technology is coming at us like a runaway locomotive, not even
slowing down to pick up passengers, just barreling ahead with a mind of its own. New
apps, new solutions, new programs, new developments, new cures for problems you

GAIL PERRY, CPA

Editor-in-Chief
gail.perry@cpapracticeadvisor.com
@gperrycpa

didn't even know existed - the barrage of options is endless and overwhelming. We
want to be cutting edge, we want to make the best choices, and we worry that the best
choices today will be superseded by tomorrow's new best choices, and, ultimately, we
realize that actually we'll never get to best.
Since that train's not going to
stop or even slow down for you, it's
up to you to pick moment in time
and just jump on board. As an aside,
I'd like to mention that one of the
best things that has come out of
technology development and the
use of the cloud for online services
is that if you use cloud-based
applications that are provided in
subscriber models, where you pay
a fee to, basically, stay on board,
the product will keep developing
and improving and you will have
the benefit of those improvements
without having to go out and buy
new software. Your subscription
to a cloud-based service keeps you
at the front of the line in terms of

CPA

Today's Technology for Tomorrow's Firm

accessing the latest version of the
program you're using.
In this month's magazine, some
of our regular columnists address
the issue of moving forward and
staying on top of technology. For
example, Randy Johnston focuses
on the changes that are coming our
way and how the management of an
accounting practice can be expected
to be altered as a result of technology advances. He warns that many
exciting new products aren't quite
ready for prime time, but if you refer
to my previous paragraph, you can
rest assured that if you choose a
cloud-based product, you'll benefit
from all future enhancements.

NSA

Brian Tankersley reminds us
that we are poised to see much of
our audit work become automated
and thus those who are entering the
profession out of college are going to
be expected to perform higher level
tasks - which should be happy news
for all of those who dread the long
hours of footing and ticking.
Jim Boomer addresses technology this month from the client point
of view and recommends that we
step into their shoes for a moment
to try to imagine what they expect
of us. Our society is being trained
to get results quickly and online.
We need to evolve to provide the
services our clients want in as
efficient a manner as possible.

Today's Technology for Tomorrow's Firm

Published by Endeavor Business Media, LLC

1233 Janesville Ave. | Fort Atkinson, WI 53538 | 920-563-6388 | 800-547-7377
VOLUME 29, NUMBER 7
Publisher: Barry Strobel
Editor-in-Chief: Gail Perry, CPA
Managing Editor: Isaac M. O'Bannon
Contributors: Ken Berry, JD
Doug Sleeter
Jim Boomer, CPA.CITP
Kristy Short
Randy Johnston
Roman H. Kepczyk, CPA.CITP
Paul McDonald
Amy Vetter, CPA.CITP, CGMA
Becky Livingston
Brian Tankersley, CPA.CITP, CGMA
Reviewers: Mary Girsch-Bock
John Higgins, CPA
Art Director: Rhonda Cousin
Site Manager: Lester Craft
Production Manager: Barb Evenson
Audience Development Manager: Terri Pettit

4

Editorial Advisory Board: 
Jim Bourke, CPA.CITP, CGMA, CFF
Jim Boomer, CPA.CITP, CGMA, MBA
Bob Cedergren, CPA.CITP, CGMA, CISA
Randy Johnston, MCS
Greg LaFollette, CPA.CITP, CGMA
Donny Shimamoto, CPA.CITP, CGMA
Doug Sleeter
Sandra Wiley, PHR, SPHR
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AUGUST 2019 ■

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Practice Advisor (USPS 017-576), (ISSN 2160-8725 print;
ISSN 2160-8733 online) is published four times per
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Canadian GST#842773848. Back issue $10 prepaid, if

Meanwhile, Garrett Wagner and
Amy Vetter are asking us to catch
our collective breaths for a moment
and be attentive to what's at the
heart of our clients' and colleagues'
desires and address the human
side of our work and our business
relationships.
Please enjoy what we've prepared for you this month as you
make the most of the waning days
of summer. ■
- Gail Perry, CPA - Editor-in-Chief

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CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor

From the Editor: Technology Will Never Be Slower Than It Is Today
Succession Planning for Small Accounting Firms
How to Improve Financial Systems for Small Business: 6 Best Tips for Managing Small Business Cash Flow
From the Trenches: Do Your Best Practice Management
2019 Innovation Awards Focus on AI and Automation
2019 Product Review: Tax Document Automation
2019 Product Review: Fixed Asset Management Systems
Apps We Love: Cities & Local Government
How to Shine as a Payroll Accontant
9 Types of Flexible Work Arrangements
3 Keys to Serving Governmental Entity Clients
4-Step Marketing Campaign to Win Municipality Clients
Resources for the Municipal Accountant
The 21st Century Accountant: Automation & The Future of Accounting
The ProAdvisor Spotlight: New Features and Enhancements in QuickBooks Online Accountant
The Millennial Advisor: Stepping Out
The Staffing & HR Advisor: Know How to Negotiate Salaries? You'll Need to Today
5 Process Trends Impacting Your Firm
The Leadership Advisor: The Human Skills Tech Can Never Replace
Bridging the Gap: Does Your Technology Meet Client Expectations?
CPA Practice Advisor - 1
CPA Practice Advisor - 2
CPA Practice Advisor - 3
CPA Practice Advisor - From the Editor: Technology Will Never Be Slower Than It Is Today
CPA Practice Advisor - Succession Planning for Small Accounting Firms
CPA Practice Advisor - How to Improve Financial Systems for Small Business: 6 Best Tips for Managing Small Business Cash Flow
CPA Practice Advisor - 7
CPA Practice Advisor - From the Trenches: Do Your Best Practice Management
CPA Practice Advisor - 9
CPA Practice Advisor - 2019 Innovation Awards Focus on AI and Automation
CPA Practice Advisor - 11
CPA Practice Advisor - 12
CPA Practice Advisor - 13
CPA Practice Advisor - 14
CPA Practice Advisor - 15
CPA Practice Advisor - 16
CPA Practice Advisor - 17
CPA Practice Advisor - 18
CPA Practice Advisor - 19
CPA Practice Advisor - 20
CPA Practice Advisor - 21
CPA Practice Advisor - 22
CPA Practice Advisor - 23
CPA Practice Advisor - 2019 Product Review: Tax Document Automation
CPA Practice Advisor - 25
CPA Practice Advisor - 26
CPA Practice Advisor - 27
CPA Practice Advisor - 2019 Product Review: Fixed Asset Management Systems
CPA Practice Advisor - 29
CPA Practice Advisor - 30
CPA Practice Advisor - Apps We Love: Cities & Local Government
CPA Practice Advisor - How to Shine as a Payroll Accontant
CPA Practice Advisor - 9 Types of Flexible Work Arrangements
CPA Practice Advisor - Resources for the Municipal Accountant
CPA Practice Advisor - 35
CPA Practice Advisor - The 21st Century Accountant: Automation & The Future of Accounting
CPA Practice Advisor - The ProAdvisor Spotlight: New Features and Enhancements in QuickBooks Online Accountant
CPA Practice Advisor - The Millennial Advisor: Stepping Out
CPA Practice Advisor - The Staffing & HR Advisor: Know How to Negotiate Salaries? You'll Need to Today
CPA Practice Advisor - 5 Process Trends Impacting Your Firm
CPA Practice Advisor - The Leadership Advisor: The Human Skills Tech Can Never Replace
CPA Practice Advisor - Bridging the Gap: Does Your Technology Meet Client Expectations?
CPA Practice Advisor - 43
CPA Practice Advisor - 44
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