Firm Management

October 30, 2013 

From the Nov. 2013 issue. Overview Sage Timeslips 2014 is a popular time and billing application for Microsoft Windows which is designed to simplify the process of managing engagements and billing clients for projects, tracking and collecting accounts receivable, entering and billing expenses, and managing profitability. Timeslips has customizations for many professional service firm types,...…

October 30, 2013 

Overview Timesheet.com by Upland (formerly known as Tenrox Timesheet by Power Steering Software) is a web-based time, expense, and project management application which is available in a “limited” version used for tracking time and attendance or a more sophisticated version designed to track time and attendance as well as track and bill projects. This solution...…

October 30, 2013 

Overview BillQuick is a popular time and billing application which offers customizations to meet the needs of many types of professional services businesses, including Architecture, Engineering, IT Consulting, Accounting, Bookkeeping, and Legal Services. BQE Software reports that 11% of its 300,000 end users are accounting, bookkeeping, and tax preparation firms. The software is published in...…

October 30, 2013 

Overview and Product Functionality Chrometa is a web application which tracks your activity on personal computers and mobile devices. The software logs the applications and documents you access during your computer session and uploads them into an online diary of time entries which can be assigned to activities, projects, and clients. These time entries are...…

October 30, 2013 

Overview ImagineTime is a time and billing application for professional accounting firms which is based on the Microsoft Access database engine and runs only on Windows-based PCs. The software and is also available as a hosted application for a monthly service charge. ImagineTime supports up to 50 concurrent users on a network. The Company also...…

October 30, 2013 

Overview AccountantsWorld Practice Relief is a Web-based time and billing solution designed for practitioners which is tightly integrated with the other components of the AccountantsWorld Power Practice System. The Power Practice System is a web-based toolset for accounting professionals which allows them to work collaboratively with clients in real time, and includes the following applications:...…

October 30, 2013 

Overview TPS Time and Billing is an application used to manage accounting firms across the US and Canada. The application has been rewritten with modern development tools in the last few years, and can be run on either the Microsoft Access database (which should be adequate for small firms) or the Microsoft SQL database platform...…

October 30, 2013 

The IRS designed its Correspondence Imaging System (CIS) to automate the scanning of taxpayer correspondence. The Image Control Team units in IRS submission processing sites scanned more than 8.1 million pieces of paper correspondence into the CIS during Fiscal Year 2012.

Isaac M. O'Bannon

October 30, 2013 

Thomson Reuters Checkpoint has released an updated special report, Tax Changes in Health Care Reform Legislation, which is designed to help tax practitioners understand the tax provisions of health care reform that take effect now through 2018.

October 30, 2013 

Looking at the net profit margins of financial statements from September 2012 to September 2013, accounting firms were the second most profitable industry in the Sageworks database.

October 30, 2013 

Clients value your services, not your invoice. But effective billing is critical for the cash needed to pay yourself and everyone else. So if you're like me with my newspapers, you want your firm’s billing to be accurate and disciplined, yet easy and efficient.

October 29, 2013 

From cloud computing and mobile to the next generation of leader/employee, change is all around us. How firms manage this change is a major determinant of future success.

Jim Boomer