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Bacogroup

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Self-Study CPE
SHIFTING YOUR MINDSET: HOW TO GROW AND SCALE A MODERN ACCOUNTING FIRM
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A CONTROLLER'S GUIDE TO ASSESSING THE RISK OF YOUR ORGANIZATION
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ASSESSING THE RISK OF YOUR ORGANIZATION: MANAGING RISK & BASIC POLICIES
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ASSESSING THE RISK OF YOUR ORGANIZATION: NON-INSURANCE RISK MANAGEMENT ISSUES
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Free cpe webinars
Touch It Once: How Transactions Transformed our CPA Firm

TOUCH IT ONCE: HOW TRANSACTIONS TRANSFORMED OUR CPA FIRM

Available Date(s)
Friday, December 18, 2020: 1:00PM EST

Cost Free
CPE Credits 1.0 hour
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

The public accounting industry has jumped through hoops to serve clients proactively, and 2020 hasn't made life more comfortable. Being proactive requires the constant gathering of client balances—a daunting task! When submitting balances and data, clients often use inconsistent formats or are not pulled together in one centralized place. This results in CPAs having to do many redundant tasks in a very short amount of time, all while juggling frustrated clients. These issues are all caused by a balance-based workflow. 

In this course, participants will learn how the balance-based workflow creates inefficiencies for the public accounting industry. However, by implementing a transaction-based workflow, CPAs no longer need to wait on client balances and can finish all their work (tax and audit) by the beginning of the year. 

Learning Objectives:


  • Identify, define, and inform the problems of a balance-based workflow 

  • Identify, define, and inform the solution of a transaction-based workflow

  • Recall how implementing a transaction-based workflow avoids the need to gather client balances and allows finishing client numbers by the beginning of the year

Linkedin
Bacogroup

Ford Baker, CPA, has over 35 years of experience in the public accounting industry, with over 20 of experience running a firm, BaCo Group, PLLC. In that role, Ford always sought to improve the efficiency of his firm through technology and forward-thinking. His passion was built out of a unique backstory; in 2012, he weighed almost 400 pounds, but by 2014 he had changed his life and rode a bicycle from Canada to Mexico down the Pacific Coast Highway. He had a passion and focus on eliminating the clutter in his practice that created the 400-pound version of himself that he did not want to see return. Ultimately, Ford developed an in-house transaction-based workflow using Excel and various other off-the-shelf utilities that gather data and work with data more real-time. This workflow concept can change the industry from a reactive service from putting last year’s balances on last year’s returns to proactive services, teaching clients the impact of this year’s numbers on their business, its exit value, and next year’s tax bill, today.

Linkedin

Joe Abesamis

BaCo Group
Tax and Client Services Director
joe.abesamis@bacogroup.com

Bacogroup

Joe Abesamis is a redemptive CPA who exists to fix what is wrong in the public accounting profession. Since 2007, he has worked in various firms where billable hours were valued over outcomes, profits came before people, and men became machines. He wants to reverse the curse and provide hope for a brighter future to the profession. Joe aims to inspire the next generation by example through BaCo Group, PLLC, a boutique tax and accounting firm, and BaCo Tech, an accounting tech company that will eliminate “busy” season from our vocabulary. Joe enjoys writing thought leadership articles for Intuit and Sage and is an active member of the innovative accountant's group, Thriveal. Additionally, he is an active member of a CEO peer advisory group of executives who challenge and inspire each other to make better decisions, Vistage International.

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Bacogroup
BaCo Group, PLLC is a full service, boutique-style, accounting, tax and attestation firm that partners with entrepreneurs and owners to provide high-quality service. It provides a full range of tax planning and preparation services, accounting consulting and attestation services, outsourced ‘CFO’ related services, and more. BaCo Group utilizes a patent-pending process that seamlessly integrates client accounting records into our workflow. That integration allows us to provide automated and consolidated online financial reporting, and eliminate redundancies on a readily available command center. We see the relationship between a business and its accountant as a partnership. We achieve this relationship in many ways, first and foremost, by working side by side with our clients throughout the year instead of a reactionary basis.