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Excel reader challenge

In the August 2013 JofA, I challenged readers to solve an Excel problem in which a preformatted report fetched an ever-changing last row of data. We received well over 200 solutions from a group of Excel-savvy CPAs. Though each solution was different, all of them worked properly and employed a

Playing around

Q: I am in the process of updating a Word 2003 document containing videos that were inserted as embedded objects. Previously, these videos appeared in a video window and when double-clicked played in place within Word 2003. However, in subsequent editions of Word, these embedded videos appear as a file

CPAs think big

Q: I see many new Windows 8 tablet PCs and touchscreen ultrabooks hitting the market, but most of them are fairly small. I am currently shopping for a larger Windows 8 touchscreen ultrabook (with a fast solid-state drive) that is big enough to easily read, and with a keyboard large

A two-stage solution to succession procrastination

The 2012 PCPS Succession Survey, a joint project of the AICPA Private Companies Practice Section (PCPS) and Succession Institute LLC, found nearly 80% of CPA firm owners expect succession to become a major issue for their firms in the next 10 years (see “Succession Planning: The Challenge of What’s Next,”

Office 2013 is so touchy

Q: I recently purchased a touchscreen ultrabook with Office 2013 installed, and I would like to learn more about operating Word 2013 using the touch controls. Can you send me to a list of Office 2013’s touchscreen controls? A: Microsoft offers the Office Touch Guide at tinyurl.com/kcatd39. It includes instructional

Norton’s new management

Q: We use Norton anti-virus software on multiple computers in our offices, and we have been happy with its ability to protect our computers. However, we find the process of renewing our Norton licenses confusing because clicking Norton’s renewal button links users to a Norton sales webpage that prompts them

Write it down: The importance of documenting oral advice

CPAs routinely provide oral advice to clients. While professional standards generally do not require such advice to be documented, the experience of the AICPA Professional Liability Insurance Program demonstrates that undocumented advice weakens the defense to a professional liability claim. This real-life scenario provides an example: A CPA providing bank

No comment

Q: My Excel workbook contains numerous comments explaining the source of selected values in my report, and I want to include these comments on the printed report. I have tried both of the Page Setup options that enable me to print the comments either “as displayed on sheet” or “at

Tackling the top issues

For many, if not most, accounting firms, the quest to survive the Great Recession and its aftermath has ended. The focus now is on growth. That’s one of the overarching themes derived from the 2013 Private Companies Practice Section (PCPS) CPA Firm Top Issues survey, which found that accounting firms

Women’s initiatives: A strategic advantage

The recent AICPA supply and demand survey found that women constituted 44% of accounting employees at CPA firms but only 19% of the partners. The partnership percentage was a step back for women in public accounting. The percentage of female leaders in firms had risen from 1% (partners and principals)

Test your Excel IQ: Solution

Last month I turned the tables and challenged JofA readers to answer another reader’s Excel question, as follows: Q: I have created an Excel template in which I enter employee information and pension data, and as we enter this data, I want the last row automatically displayed in the ready-to-print

Your work is clear

Q: Our satellite offices provide temporary office space to visiting staff, and each office is equipped with a shared computer. I frequently use these office computers, but after I’m done I am not comfortable that Word and Excel display the names of the most recently opened files, because this allows

How to select a successor

Selecting the successor for a retiring partner in an accounting firm can take on many forms. The decision can be made by an individual CPA or by the firm leadership. It can involve the transfer of clients, ownership, and/or responsibilities internally or the sale of ownership to an outside entity.

When is a partner “retired”?

When a longtime partner or employee retires from a CPA firm, a sense of loyalty often compels the existing partners to allow the individual to have a symbolic role at the firm. This can include a courtesy title, office space, and invitations to company soirees. While this may seem like

Let it slide

Q: Windows 8 lets me run a slideshow from the My Pictures folder, but is it possible to run a slideshow of pictures contained in my other folders (other than the My Pictures folder) as does Windows 7? A: In an effort to de-clutter the Windows 8 screens, Microsoft tucked

2013 tax software survey

In this year’s survey by the JofA and The Tax Adviser, more than 5,000 CPAs assessed the software they used to prepare 2012 tax returns. This year, tax preparers had to contend with a compressed filing season caused by late enactment of extender legislation in the American Taxpayer Relief Act

Not-so-obvious update procedure revealed

Q: I purchased an Apple iPad 2 two years ago with iOS 4.33 installed, and I now need to update the operating system because many of my current app updates require iOS 5.xx (or higher). In addition, I am unable to install newer apps that require iOS 5.xx (or higher).

2013 tax software survey: Individual product survey responses

In this year’s survey by the JofA and The Tax Adviser, more than 5,000 CPAs assessed the software they used to prepare 2012 tax returns. The survey was conducted in May 2013. Overall, respondents rated their software an average of 4.1 out of 5. Users of three products, Lacerte, ProSystem

Small business growing pains

Q: My small business client has a successful business but awful accounting records. He blames his accounting system, stating that “it doesn’t work right, and it constantly produces errors.” I realize that the true problem is he doesn’t know accounting, but how do I convey this criticism without upsetting or

The long goodbye

The best time for an accounting firm to start work on a succession plan is the day the firm is formed. Of course, most firms don’t do that. The question in many cases has become: “How quickly can I put together a succession plan and head into retirement?” The answer

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