Of course, there are accounting firms that may choose to allow some employees to continue working from home. There are many employees who prefer this situation. In fact, a survey from Owl Labs reported that 80% of employees want to work from home at least some of the time.

The following advice for rebuilding your accounting practice in a post lockdown world applies to both scenarios for the employees of your accounting firm, returning to the office, or working from home.

Accounting Web has created this guide, Rebuild: An Accounting Firm Playbook, that is free to download.

Below is a list of what you will find in the playbook:

Ceterus offers this free ebook that will help you grow your accounting firm stronger and bigger than it was before the lockdown. The ebook contains three lessons, which are:

Lesson 1: Be a Small Business Financial Consultant
Lesson 2: Deliver Industry-Specific Expertise
Lesson 3: Use “The Right” Technology

Another great offering from Accounting Web that will help you rebuild your accounting practice is this free webinar coming up on Aug. 13, 2020. The webinar is titled How to Build a Roaring Referral Pipeline in a Locked Down World. You will receive 1 CPE credit for attendance. Below is a description of what to expect from this webinar:

In this unmissable webinar, marketing expert Lee Reams will demonstrate how your practice can develop a strategy for success and growth in these challenging times. Join him to hear learn actionable tips for not only surviving but thriving in the profession post-pandemic. During our time together, you will also:

• Learn how COVID-19 has accelerated contactless referrals
• Understand the new consumer buying process
• Discover ways to be a part of the referral conversation
• Develop a strategy for successfully becoming a high-growth practice

We hope the above whitepapers, ebooks, and the webinar from our peers will help your accounting firm rebuild in our post lockdown world. As the provider of the best selling PDF financial file converters on the market, MoneyThumb suggests that if you aren't using our product yet, you take a free test drive. Our proprietary software will add another dimension to rebuilding your accounting practice by saving you time and making things run much more efficiently.

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The Rules of Thumb blog from MoneyThumb wants to wish everyone a very Happy New Year! And we want to help you start 2019 off on the right foot by suggesting you begin using the best PDF financial file converters on the market.

We have PDF financial file converters for every type of use. Whether you are an accountant, CPA, small business owner, lender, or just someone who wants to handle their personal finances with much more ease, MoneyThumb has just the right PDF financial file converter for you.

To help you get started using the MoneyThumb tools, below are highlights of the tasks our PDF financial file converters can help you accomplish:

Key Product Features

Intelligent Document Recognition (IDR)

Recognizes 95% of U.S. bank statements, through intelligent document recognition algorithms. Unlike template-dependent processes, our software doesn’t need to be told upfront what bank statement format is being used.

Pinpoint OCR

Proprietary optical character recognition algorithms review questionable fields, look for patterns to self-correct and flag questionable transactions. Employ the power of the only OCR software developed specifically for bank statements.

Automatic Reconciliation

Conversion accuracy is ensured by automatic reconciliation, which compares transaction totals to summary information on the statement. If everything checks out, the statement is identified as reconciled, saving you time and manual review.

Payee Cleanup

Auto-assisted cleanup of transaction payee names helps keep transactions correctly categorized and consistent, saving you further review and correction time.

To make things even easier for you to get started using our PDF financial file converters, MoneyThumb offers free trial version downloads for each type of converter, so you can test drive our product before you make a purchase. That's how confident we are that you will fall in love with MoneyThumb and what we have to offer.

Again, from the Rules of Thumb blog and all the team at MoneyThumb, we wish you a very Happy New Year! May 2019 be the best year ever.

The post Start 2019 Off With the Best PDF Financial File Converters on the Market appeared first on MoneyThumb.

If you are considering becoming a freelance accountant, the Rules of Thumb blog from MoneyThumb would like to share the following pieces of advice with you on getting started:

How to Become a Freelance Accountant

Of course, to become a freelance accountant, even though you will not have a boss other than yourself, there are still certain qualifications you need. Those qualifications, along with some suggestions for making your freelance accounting business successful, include the following:

• Bachelor’s degree in accounting or a business degree
• Accounting courses would be an added benefit
• Financial Software such as QuickBooks, M.Y.O.B., would help
• In case of attaining Certified Public Accountant (CPA) certification, ensure that your bachelor’s degree has the sufficient number of training hours in accounting as a basic requirement for certification
• Your sub specialization should be from the public, management, internal, government accounting or internal auditing
• Register yourself on websites that offer accounting assignments. Make your own blog to advertise your service and stay updated on the industry information
• The internship would be an added advantage to you
• Gain familiarity with advanced computer applications that help in an accounting process

As a freelance accountant, you still have certain responsibilities, and perform the same basic tasks as an accountant who is on a payroll. The following are the few responsibilities of a freelance accountant:

• Recording and saving data in regards to profits, loss, tax, pending bills, tax, sales and other similar transactions in a timely fashion
• Tallying the accounts on a daily, weekly or monthly basis
• Calculating the details of tax returns
• Drafting financial statements to clients
• Make sure that all financial laws practiced by the company are legal
• Taking care of the administrative tasks of your own business

Probably even more than accountants who are employees of a firm or hired as a regular worker for clients, a freelance accountant needs to always make sure they are staying on top of continued education. To help you accomplish this goal, we would like to share the following upcoming free online accounting conference presented by CPA Practice Advisor which begins on December 6, 2018. This is a huge event, one of the reasons the Rules of Thumb blog from MoneyThumb is sharing it so early in the year, so that you can make sure you clear your schedule on that day to attend.

The conference is called Ensuring Success and you can earn as much as 10 free CPE credits if you attend all of the sessions. Below are the details of the Ensuring Success Accounting Conference from the CPA Practice Advisor announcement:

Meet year-end CPE requirements from the comfort of your office.
No travel, no hotels, no rushing from one session to the next.

Join an outstanding lineup of some of the accounting profession's most innovative and creative thought leaders as they present 10 back-to-back one-hour educational sessions, discussing the latest trends and concepts and providing concrete tools and takeaways that will help ensure the future success of your practice. Through the use of various social media techniques, you can participate interactively with the speakers and other attendees just as if you were in the same room. CPA Practice Advisor is an approved NASBA and IRS continuing education provider.

This free conference is a great free opportunity for freelance accountants to keep up with the latest accounting information and earn free CPE credits. Another great boon to freelance accountants that makes their freelance business rock is the use of the best PDF financial file converters on the market. By using these MoneyThumb tools, you are enhancing your freelance game to the max.

The post How to Become a Freelance Accountant appeared first on MoneyThumb.

Pick a Public Accounting Path

"The biggest decision [accounting] graduates need to make is public versus private accounting," explains Mary Feeney Bonawitz, Ph.D., CPA, assistant professor of accounting at Pennsylvania State University, Capital College, and past president of the American Society of Women Accountants.

"Staff Accountant or junior auditor are typical entry-level positions in public accounting, whether the firm is large or small," says Clar Rosso, director of communications for the California Society of Certified Public Accountants. In your first few years on the job, you'll assist senior auditors and prepare for the CPA exam.

At a Big Four firm such as Ernst & Young, you would work as a staff auditor for a year or two and then move up to a senior-level auditing post, then manager, then senior manager and ultimately to partner level. "The accounting function is the backbone of the financial markets," says Lisa Young, a partner at Ernst & Young in New York City. "When you come into public accounting, the most exciting thing is what you learn about commerce, the flow of business and understanding business overall."

To land the job and keep moving up the ladder, "you need to be a well-rounded individual with strong scholastics, demonstrated leadership capabilities and outside interests," Young says. "Public accounting is about relationships and understanding technical issues. It's about being able to work with a variety of people from all different walks of life."

Pick a Private Accounting Path

If you decide to go the private accounting route and work for a corporation, your first job will likely be in the controller's department. You might do monthly reports or internal audits of your own company, which could send you traveling to job sites in other states or countries.

People who follow this accounting track typically seek additional education or credentials to boost them into a job as an assistant controller, then controller and eventually chief financial officer. Options include earning a master's degree in accounting or MBA or becoming a CPA or a Certified Management Accountant.

Many people with accounting degrees also choose to start their own private accounting firm. A lot of the readers of the Rules of Thumb blog from MoneyThumb are owners of their own accounting business. Some are simply private bookkeepers from clients, all the way up to huge accounting firm members who read our blog.

Pick Government or Non-Profit Work

Accounting graduates have at least two other options: government or nonprofit work. Uncle Sam and his cousins at the state level hire accountants and auditors to prepare and analyze financial reports, as well as to review and record revenues and expenses. Auditors investigate agencies and programs looking for fraud or waste. Tax examiners decide how much businesses and citizens owe, and then they collect those funds. Purchasing agents buy supplies, while management analysts handle efficiency issues and may suggest solutions to management problems.

If you choose to take the nonprofit route with your accounting career, you can expect to earn less than your fellow grads who choose for-profit employers, but you may have the opportunity to make the world a cleaner, safer or better-educated place in which to live.

No matter which avenue of accounting you choose as your career path, the Rules of Thumb blog from MoneyThumb wants you to know that we are proud you have chosen the profession of accounting. We hope you will continue to find our information on our blog helpful to you. One great help we offer accountants, no matter what type of career path they have chosen, is the use of our PDF financial file converters. These are the best on the market.

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