We all understand the importance of having a top-notch accounting team. But how do we guide our team to become the best version of themselves? How can we assess those who are not getting there? Performance reviews provide an opportunity to assess individual and team performance, identify areas for improvement, and recognize outstanding achievements. By conducting regular performance reviews, you can ensure that your accounting team remains at the forefront of the industry, providing exceptional service to your clients. Let's start with the importance of performance reviews. Why are they essent ..read more

Are you looking for ways to attract and retain top talent in your accounting firm? Are you searching for a competitive edge in a crowded market? The answer may lie in embracing workplace flexibility. Recent surveys indicate that professionals in the accounting industry are increasingly seeking flexible work arrangements that enable them to work from any location and at any time. With the rise of cloud computing and automation, accounting firms can now provide their employees with all-time data access, removing the geographic barriers that once limited their talent pool within their borders. In ..read more

As an accounting firm, you know that leadership is crucial for driving business performance and building a strong and collaborative work environment. You need effective leaders with a range of skills that combine interpersonal communication, emotional intelligence, and a tech-savvy mindset. But what kind of leadership style works best for accounting firms? And how can you develop your own leadership skills or those of your team members? That’s what we’re going to explore in this episode. So let’s start by defining what we mean by leadership. Leadership is the ability to influence and motivate ..read more

As you may know, the accounting industry is undergoing a significant transformation, as firms recognize the importance of creating a more diverse and inclusive workplace. Clients and customers are increasingly demanding that their service providers reflect the communities they serve and bring a range of perspectives and experiences to the table. But how are accounting firms doing when it comes to diversity and inclusion? What are the challenges and opportunities facing the industry? What are currently doing the firms in terms of DEI? That’s what we’re going to explore in this episode.  ..read more

Now, when we talk about management accounting methods, we're of course referring to the techniques and strategies businesses use to make knowledgeable decisions about their operations, finances, and strategies. Some of the commonly used methods include cost accounting, budgeting, variance analysis, activity-based costing, the balanced scorecard, and value chain analysis. In contrast, management accounting tools are the models, frameworks, or processes that aid management accountants in executing different accounting methods. Cash flow modeling, SWOT analysis, balanced scorecards, and value cha ..read more

Hello and welcome to Budgets, Books, & Balance Sheets, the podcast where we talk about all things related to accounting, finance, and business. I’m your host, Kevin Mitchell, and today we’re going to explore a topic that is very relevant for the current times: T-shaped skills. What are T-shaped skills? And why are they important for accountants and finance professionals? How can you develop them and what are the benefits of having them? These are some of the questions that we’ll try to answer in this episode. Read more here.  ?​​ Access Vintti’s 10% DISCOUNT for your next remote accou ..read more

In this episode, we'll explore the importance of cultural fit in accounting staffing and provide you with actionable tips and best practices for assessing cultural fit during the hiring process. We'll also discuss how remote work can impact cultural fit and why choosing the right country to hire from can save you more than one headache.  ..read more

Historically, offshore staffing in finance and accounting was all about one thing: reducing costs. It allowed businesses to tap into a global talent pool and acquire services at a fraction of the local price. But, over time, it became evident that offshore staffing offered so much more than just cost savings. Today, outsourcing staffing is about far more than just the bottom line. Finance and accounting firms that create and sustain real value utilize offshore staffing for strategic ends, filling in-house talent gaps and enhancing capabilities they may otherwise lack. So, what's driving this t ..read more

The talk about the arrival of millennials in the workforce is not new and has sparked numerous conversations aimed at understanding the motivations and aspirations of this generation. Born between 1981 and 1996, millennials have often been characterized as inconsistent, tech-savvy, and freedom-seeking. The truth is that by now, millennials represent the vast majority of the active workforce, and as a result, managers and leaders in various industries, including accounting and finance, have found themselves seeking new strategies for effectively managing their millennial employees. Let's kick t ..read more

Outsourcing financial roles isn't a new concept, but in recent times, it has gained significant momentum. Outsourcing teams from afar, across oceans and continents, offers undeniable advantages, primarily due to cost efficiency. But before we set sail on the ocean of possibilities, let's unpack the very concepts that differentiate these two options. Our contenders today are nearshore and offshore outsourcing. Let's start with a quick breakdown: Offshore involves hiring from countries far across the map, usually in different time zones. Imagine a company in the U.S. partnering with a service pr ..read more