Search Results for: iris
Practice management for a growing Top 250 CPA firm: what software must handle
A growing Top 250 CPA firm needs a specific breed of practice management software—one that prevents money from being lost due to increasingly complex processes. The solution you reach for must expand beyond work allocation to tracking the facts and figures behind every challenge and opportunity. Read on to discover more. Growth is a way […]
How CPA firms assign work and balance staff capacity without spreadsheets or daily check-in emails
Managing team capacity with a spreadsheet and emails isn’t viable for a busy, multi-office accounting firm; you have no insight, flexibility, or centralized control. The answer is practice management software that handles scheduling alongside workflow. This blog explains all. Managing staff capacity: why spreadsheets and emails let you down It’s easy to understand why firms […]
Tax Season Scheduling: How to Automate Workflows and Stop Missing Deadlines
Accounting firms stop missing deadlines in tax season by adopting practice management software that centralizes due-date tracking, automates workflow progression, and alerts staff before work slips. IRIS Firm Management (IFM) does this for US CPA firms with due date templates, count-back scheduling, capacity planning, and automated alerts. In this blog, we explain how. If there’s […]
CPA firms: how to identify unprofitable clients and decide whether to reprice or exit them
To identify unprofitable clients, measure profitability using realization, write-offs, and budget-versus-actual data. Then, apply this rule: reprice clients who are unprofitable because of scope creep or outdated fees, and exit clients who stay unprofitable after a fair repricing or who consume disproportionate partner time. This blog talks you through that process, and the technology that […]
How can a CPA firm improve profitability without adding headcount?
A CPA firm can improve profitability without adding headcount by recovering the revenue it has rightfully earned but then lost—this loss happens between the moment work is performed and when money is collected. Ultimately, firms sell professional time, and that time leaks value at four stages: unrecorded and under-recorded time, work-in-progress (WIP) that ages and […]
The Tax Season Workflow Automation Guide for CPA Firms – How Good Software Helps
Every second must be spent on billable work during tax season, but very often admin gets in the way. There’s a reason why this happens: the more manual your admin workflows are, the more they will slow you down. Client records arrive in a dozen formats via several channels, and data remains hidden in inboxes. […]
The 6 KPIs Every Managing Partner Should Track, and How to Build a Dashboard Around Them
If you want to measure the performance of your CPA firm, then referring to the total fee income is not enough. This only tracks how much money your firm makes; it does not tell you how it was made or what leaked—or whether things will be better next month. The numbers bear this out. The […]
The Real Impact Payroll Has on Business Operations
Payroll operations influence far more than paychecks. Explore the impact on the business and how to improve it.
What Is Anti-Money Laundering? A Comprehensive Guide
Understanding the Importance of Anti-Money Laundering Anti-money laundering, commonly abbreviated as AML, is the framework of laws, policies, and controls designed to prevent criminal proceeds from being disguised as legitimate funds and moved through the financial system. At its core, money laundering is the process of obscuring where money came from so it can be […]
What Is Payroll Outsourcing? A Comprehensive Guide
Understanding the Importance of Payroll Outsourcing Payroll outsourcing is the practice of transferring some or all payroll administration to an external provider that calculates wages, processes deductions, supports tax filings, prepares payslips, and often manages the compliance tasks that surround them. For a small business owner, the subject is not merely administrative. Payroll affects cash […]
What Is Payroll Data Security? A Comprehensive Guide
Understanding the Importance of Payroll Data Security Payroll data security is the discipline of protecting the information used to pay employees, calculate taxes, administer benefits, and maintain payroll records. For a small business owner, it is not merely an IT concern. It is a financial control, because payroll data connects directly to bank accounts, tax […]