In Pursuit of Profit
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ASP expands to Denver, Colorado, to provide accounting and recruiting services. ![]() Bellevue, WA – January 10, 2022 – ASP, a trusted provider of accounting and recruiting services, recently opened a new office in the city of Denver, Colorado. In addition to the corporate headquarters in Bellevue, WA, and a satellite office in Portland, OR, the new location will support Colorado. 1/4/2022 Help! My Accountant is Retiring![]() A lot has been said about The Great Resignation occurring across America right now, but not all employees are leaving for better opportunities. Long-term employees are retiring in droves right now. Many accounting and finance professionals that are close to retirement age are making the decision to step away from full-term work, while others that are well past retirement age are finally ready to hand over the reins at the companies they have served for many years. Any time a long-term employee leaves, a significant gap is created that their employer must fill with not only a new hire but also the technology and systems components that need to be built up in the transition. So, if your accountant is retiring, now is the time to plan for the shift. ![]() 2021 has been a year like none other for people and businesses alike. Accounting has paralleled many of the professional challenges that other industries have dealt with, but the accounting industry has also seen some significant advancements. We asked our experts to weigh in and contribute their feedback about the state of the industry. Find out what is currently going on in the world of accounting as we highlight current trends and hot topics: 12/13/2021 Do You Need an Ecommerce Accountant?![]() Are ecommerce accountants different than regular accountants? Should you have an accountant that has previous ecommerce experience for your online business? These kinds of questions are becoming increasingly common with the dramatic rise in ecommerce business. In 2020 alone US ecommerce grew by more than 32% as traditional brick-and-mortar companies made the transition online and new ecommerce businesses started up in record numbers. ![]() Pre-pandemic many companies successfully used job boards like Indeed to hire high quality accounting and finance candidates. Due to their heavy advertising during this time, what I like to call the “Indeed Effect” emerged. Companies turned to job recruiting boards like Indeed, ZipRecruiter, and LinkedIn in droves to meet their recruiting needs. Like you, I was seeing the impact of this first-hand: many companies in need of external recruiting help were quickly, easily, and cheaply able to find highly qualified candidates by posting an ad on an online job board. And as time went on, the results got even better as job board technology continued to evolve. The big names in recruiting became extremely transformative to the hiring process during this time, continuously refining their technology to improve the search process. As a result, even recruiters like myself benefitted from the phenomenon, often receiving high quality applicants to our job posts as well. Using these tools became an integral part of our recruiting process. Fast-forward almost two years and the tide has almost completely changed. ![]() Last year $2.47B was donated to US nonprofit organizations on GivingTuesday, a whopping 19% increase over the previous year. Only time will tell if this year surpasses last year’s record-breaking numbers. But what we know for sure is that on this GivingTuesday both individuals and companies nationwide will give to their favorite nonprofit charities. As a business owner, you need to be aware of how these charitable contributions will be accounted for on your books not just on GivingTuesday, but year-round. 11/22/2021 Networking Tips for Accountants![]() Networking is usually a prescriptive topic. Resources will tell you what to do in concrete terms, like practice your elevator pitch, make eye contact, and send a follow up email after meeting someone. And while these tips are not bad advice, they do not address the underlying question of, “Why are you networking?” As a result, they are very little help because they provide obvious advice that even entry-level professionals already know. They also fail to customize the provided advice for a specific industry or individual. So, instead of being redundant and just providing the same information that you can get anywhere online, we wanted to put together a resource that would actually help accountants to network with other accounting professionals. We asked our team how they network these days, and these are their top tips: What kind of accounting controls do you have in place right now?
If you are not sure, or are too embarrassed to answer, chances are you have some work to do. Internal controls protect your business from not only fraud but also the kinds of financial errors and reporting mistakes that can negatively affect cash flow management, dissuade investors, and hinder long-term business growth. ![]() When your controller leaves, the logical next step is to find someone to fill the vacant position. Right? Maybe not. Simply hiring another controller may not actually be the best decision for your business. We work with companies everyday who are looking for accounting and finance leadership roles and it is not uncommon to have clients tell us they need a controller and then listen to them define the role only to discover that what they are looking for is a different position entirely. Now, some organizations we work with are, in fact, in need of a controller. However, others have needs that better align with more senior financial leadership like that of a CFO, while others have requirements that fit better with a mid-level management accounting position. Instead of jumping right into hiring a controller, take the time to understand what kind of role will be the best fit for your company. ![]() After another difficult year, savvy employers have come to realize that supporting their office staff needs to be a top priority to combat labor shortage woes as financial uncertainty continues. With 85% of employees open to new job opportunities (even if they are not actively looking), employers understand how important it is to proactively work to retain employees. As the year comes to an end, organizations are asking themselves, “How can I support my accounting and finance staff next year?” |
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