october2021 - 12

FROM THE TRENCHES
RANDY JOHNSTON
EVP & Partner
K2 Enterprises &
CEO of Network Management Group, Inc.
randy.johnston@cpapracticeadvisor.com
@RPJohnston
CLIENT EXPERIENCE FOR TODAY
LEVERAGING PAYROLL
SOFTWARE MAKERS ARE trying hard to make a difference. The accelerated change noticeable
in the last two years in accounting software, accounts payable, payment systems,
human resources, and payroll is astonishing. The same is true for practice management
and trial balance software, too. As this year completes and the conference season heats
up, I'm anxious to see the new developments in document management, workflow, tax,
and audit software. But that will be a topic for a different day.
The temptation was great to
write about the advances in Cloud
Accounting. Following the theme
of this month's publication with
products like AccountantsWorld
Accounting Power, AccountingSuite,
Acumatica, Dynamics 365, Intuit
QuickBooks Online, NetSuite, Sage
Intacct, simPro, Spire Systems, Xero,
Zoho Books, and others would have
been easy. Our weekly podcast, The
Technology Lab, should cover these
cloud accounting products for the
moment.
This year provided an opportunity
to review over 50 payroll, PEO
(professional employer organization),
and HR (human resources)
products for our K2 courses on
accounting software, add-ons, and
reporting tools. Fantastic progress
has been made, and to quote an old
advertisement, payroll " is not your
grandfather's Cadillac " anymore.
SO, WHY PAYROLL?
Simply put, most of us get paid to
work. If you are lucky enough to create
jobs or have a job, you wind up
with a check once or twice a month,
12 OCTOBER 2021 ■ www.CPAPracticeAdvisor.com
whether a draw or paycheck. Our
pay is a measurement of the value
we put into businesses. It is the
great bargain some of us can make,
trading our daily lives to accomplish
goals. Peter Vessenes, in his book
Bumper
to Bumper: Building Your
Multimillion-Dollar Business, explains
this quite clearly. Bumper to Bumper is
one of my top recommended books
of the year in addition to WorkQuake
by Steve Cadigan. Both can help you
see the future of business and work
in this decade including the evolving
culture of employees. In addition,
both books can provide insights
into the Great Retirement and Great
Resignation that we see in many
accounting firms and companies.
In effect, our paychecks represent
Capitalism at a very personal
level. To quote Peter Vessenes,
" Capitalism is an exchange of goods or
services wherein all parties in the trade
believe that the value received is equal to
or greater than the value offered. In the
simplest form, Capitalism is nothing
more than a barter. Each party
believes they received something
that was worth more to them than
what they offered. The key word in
this statement is believe. Very successful
capitalists are very effective
in persuading their trading partners
to hold a high value of their goods
and services. "
Payroll systems allow companies
to pay their employees conveniently.
Whether the payroll is run as a selfserve
DIY operation or completely
http://www.CPAPracticeAdvisor.com

october2021

Table of Contents for the Digital Edition of october2021

From the Editor: 2FA, MFA, GWTP
The State of Automation in Finance
Automation Solves Payroll Headaches
What is Human Capital Management?
The 2021 "40 Under 40" and "20 Under 40"
Marketing Your Firm: How to Create a Lead-Generating YouTube Channel
From the Trenches: Client Experience for Today: Leveraging Payroll
The Leadership Advisor: The Great Resignation: How to Keep Employees Happy and Prevent Burnout
The Labor Law Advisor: Wage and Hour Audits May Be Coming
The Millennial Advisor: Go For It!
The Staffing & HR Advisor: Hiring Remotely? Here's What You Need to Know
Will the 2022 Tax Filing Season Be Normal?
5 Covid Impacts on Internal Audit that Are Here to Stay
Bridging the Gap: Marketing for the Modern Accounting Firm
october2021 - 1
october2021 - 2
october2021 - 3
october2021 - From the Editor: 2FA, MFA, GWTP
october2021 - The State of Automation in Finance
october2021 - Automation Solves Payroll Headaches
october2021 - What is Human Capital Management?
october2021 - The 2021 "40 Under 40" and "20 Under 40"
october2021 - 9
october2021 - 10
october2021 - Marketing Your Firm: How to Create a Lead-Generating YouTube Channel
october2021 - From the Trenches: Client Experience for Today: Leveraging Payroll
october2021 - 13
october2021 - 14
october2021 - The Leadership Advisor: The Great Resignation: How to Keep Employees Happy and Prevent Burnout
october2021 - The Labor Law Advisor: Wage and Hour Audits May Be Coming
october2021 - The Millennial Advisor: Go For It!
october2021 - The Staffing & HR Advisor: Hiring Remotely? Here's What You Need to Know
october2021 - Will the 2022 Tax Filing Season Be Normal?
october2021 - 20
october2021 - 21
october2021 - 5 Covid Impacts on Internal Audit that Are Here to Stay
october2021 - Bridging the Gap: Marketing for the Modern Accounting Firm
october2021 - 24
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_November_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_July_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_June_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_April_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_March_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2019
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