September 21, 2019

timesheets

accounting firm timesheet

4 Reasons the Accounting Firm Timesheet Must Evolve in 2019

It’s 4:45 on a Friday afternoon at Accounting Firm, USA. Fee earners are itching to start their weekends, but one final task remains. Before the happy hour beer taps can flow, before elated dogs (and disinterested cats) can greet their returning owners home, before the family can pile into the minivan and head out to […]

KPMG U.K. Employees Are Reportedly Pissed Off About Being Fined for Late Timesheets

A new timesheet policy being rolled out at KPMG U.K. is causing a little ruckus between employees and management. From The Guardian: KPMG has angered UK staff by threatening them with £100 fines if they submit their paperwork late. The accounting company said it would impose the penalties if staff were late to file their […]

billable hour

Exposure Drafts: The Stuff That Keeps CPAs Up at Night

Exposure Drafts appears every other Wednesday. Send suggestions to editor@goingconcern.com.

Ron Baker: You Can Put Lipstick on Billing by the Hour But Don’t Call It Value Pricing

And all the people in the church say AMEN!   Fixed price could just be hourly rate fixed in advance. That's just hourly billing in drag. #QBOchat — Ron Baker (@ronaldbaker) January 15, 2015 The prophet has spoken.

If Your Accounting Firm Uses Timesheets, For the Love of God, Track Your Time Daily

Let me preface something here in order to prevent a flood of hate-emails from Ron Baker and his ilk — timesheets need to die. They need to die a slow and agonizing death. But actually, a quick death would be preferable so accountants could immediately cease wasting time on them and start doing something useful […]

Greg Kyte Almost Got His Butt Kicked Over Value Pricing at AccountingWEB Live

In case you haven't noticed, the GC Brain Trust is in Dallas, TX this week for AccountingWEB Live, which would explain why we've been a little quiet the last few days. After Ron Baker's session, entitled Trashing the Timesheet: A Declaration of Independence, AWeb Live panelist Mark Lloydbottom stormed on set and accused Greg of […]

This Timesheet-Addicted Managing Partner Will Make You Grateful Not to Work For Him

Like a gruesome car crash, we often enjoy swinging over to Above the Law to gawk at lawyers in a way that makes us all feel better about the accounting profession as a whole. And this letter from one firm's managing partner, which went out just after noon on the Wednesday before Thanksgiving, is no […]

Don’t Eat Hours, You Idiots

With yet another busy season approaching, it's time to open Pandora's Box yet again and talk about how you're billing your time. Specifically, how you're not billing your time. Like sleeping with coworkers and sending inappropriate gifs over the firm's messaging system, eating hours is something everyone does but doesn't really talk about. Does that […]

McGladrey Reminds Audit Staff to Stay Billable This Busy Season

McGladrey isn’t just clinging to the billable hour, they’re trying to put a ring on it.

Timesheet Wars: Non-Billable Codes Are Orwellian Busywork

Timesheets, billing rates, and chargeable goals still piss me off. I haven't tracked my time for three years, but thinking about it is like thinking about that time I ate some bad salami. I'm probably not going to puke now, but I probably did back then. I hated working under the billable hour. I became […]