CPA Practice Advisor - 8
FROM THE TRENCHES
RANDY JOHNSTON
EVP & Partner
K2 Enterprises &
CEO of Network Management Group, Inc.
randy.johnston@cpapracticeadvisor.com
@RPJohnston
DO YOUR BEST
PRACTICE
MANAGEMENT
THE ACCOUNTING PROFESSION will change more in the next five years than it has in the
last ten years. At a recent conference where I had the pleasure of sitting on a panel of
other consultants and pundits in the accounting profession, the statement was made
that "the rate of change will never be slower than today." While I don't know the original
source of that statement, I do agree with the sentiment. You can read more "rate of
change" quotes at https://bit.ly/2KGl2Bl. But the key thing that you need to know as
a practitioner is that it is likely that every one of your key operational systems will be
replaced over the next six years unless you are already on the CCH Axcess Suite or some
other new generation product like BQE Core.
In other places in this issue, you
will find guidance on tax document
automation, which we first discussed
8
AUGUST 2019 ■
with you almost ten years ago. We
still believe in products that scan,
organize and populate 1040 tax
www.CPAPracticeAdvisor.com
returns, such as CCH ProSystem fx
Scan with AutoFlow, SurePrep 1040
Pro, and Drake Software GruntWorx.
There are many additional products
in this segment of the market such
as Doc-It that integrate scan and
organize functions as part of their
product along with portal and
workflow capabilities. Major competitors of CCH Wolters Kluwer and
Thomson Reuters each have their
suite(s) of products that include scan
and organize, portals, and workflow.
There are entrepreneurs trying
to make the entire process easier
with new products enabling evolutionary and revolutionary change.
Further, there are newer technologies for PBC (Prepared by Client)
documents such as TaxCaddy and
Suralink and more automation in
tax delivery with products such as
TaxCaddy and cPaperless SafeSend
Returns. But these three products
are only a few of the dozen or so
products that have this functionality today after the capability was
introduced by ShareFile's Client
Request list feature. An updated
article may well be in our future
together, but I've written a whole
article on this topic alone two years
ago (https://bit.ly/2OGCCKJ). Articles
in this publication by my friend and
associate, Brian Tankersley, have
recently provided you recent guidance on Robotic Process Automation
(RPA). While Brian and I have worked
on Emerging Technologies in the
profession for many years, our focus
has become more clear in the last
three years on specific technologies
like RPA, Artificial Intelligence, and
Machine Learning.
https://www.bit.ly/2OGCCKJ
https://www.bit.ly/2KGl2Bl
http://www.CPAPracticeAdvisor.com
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
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/octobernovember2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_November_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_July_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_June_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_April_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_March_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2019
https://www.nxtbookmedia.com