Five key questions to determine whether it’s time to switch to a digital system At many firms, practice management software is often referred to as the “last frontier”, according to Matt Jagst, Director of Enterprise Product Management in the tax & accounting business of Thomson Reuters. Most firms manage to get by with outdated systems and processes. Switching to digital software that integrates time, ...

An Unconventional Approach to Safeguarding Cash Billing schemes accounted for 23.9 percent of all payment-process fraud cases, and most of these cases go on for almost two years before they’re discovered. Here are two simple controls business owners can put in place to dramatically discourage fraud. The first is setting up a system for the owner to regularly review accounting statements each month at home.  ...