1. The CPA Firm Of NOW!
June 8, 2017

2. Tommy Stephens CPA from Woodstock, Georgia Member, K2 Enterprises
Thirty-two years public accounting & private industry experience
Twenty-two years CPE discussion leader
BSBA (Accounting) Auburn University
MS (Finance) Georgia State University
Please contact me:
Follow me on
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

3. So many great technologies are available today to improve CPA firm efficiency and profitability, why wait for the CPA firm of the future? Let’s take a look at the CPA firm of NOW!
Why this topic?
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

4. Path To Improved Profitability
Collaborative accounting
Workflow
Scan-and-populate
Security
Business Intelligence
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

5. Accounting Software Solutions By Segment
Large SMB (100,000 Companies)
Employees , $250M-$1B Revenue
Enterprise
(9,000 Companies)
Employees 2500+, >$1B Rev
Entry & Microbusiness (23M Companies)
Employees 1-4, < $1M Revenue
Small SMB (3.2M Companies)
Employees 5-99, $1-50M Revenue
Medium SMB (600,000 Companies)
Employees , $50M-$250M Revenue
X3 Online
Live
300c
100c
50c
Cloud SOLUTIONS
ON-PREMISES SOLUTIONS
100, 300,
500, X3
Specialty
AX, NAV, GP
SL, CRM
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event. 5

6. Small Business Sub-Segments
Personal and Entry-level Transaction Recording and Bookkeeping
Lower Mid-Market
Entry-level Accounting
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

7. Workflow
We all have workflows, but in most cases they are not documented and we are not using workflow management tools to control
Tools such as those integrated with our tax software applications, along with independent tools such as those provided by XCM help to us to ensure that tasks are completed on time and in accordance with established Firm guidelines
Additionally, don’t forget about Microsoft’s Flows and PowerApps tools, to implement workflows not only in your firm, but also assist clients with their workflows
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

8. Scan-And-Populate
Scan-and-populate tools – such as those from SurePrep offer huge opportunities for efficiency improvement
Be sure to optimize scanners for best results
Even if you’re not intending to populate tax returns with the data, you can automatically create indexed working papers
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

9. Security You can’t afford a security breach!
To help protect sensitive data
Encrypt, encrypt, encrypt!
Use password management tools
Implement data loss prevention
Keep team members from logging in as administrative users
Block USB ports for data transfers
Above all else, train your team!
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

10. Business Intelligence
Tools such as Qlik, Tableau, and Microsoft’s Power BI are putting BI in the hands of small to mid-sized businesses
CPAs have a great opportunity to assist clients in implementing such tools, which will help improve client profitability
To be successful, BI must be
Real-time
Relevant
Visual
Interactive
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.

11. CSCPA Technology Conference
August 28 and 29th
Denver area
19 great topics over two-days
Visit for details
Copyright 2017 © K2 Enterprises, LLC. May not be used for any purposes other than a K2 Enterprises training event.