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Energized Accounting

  • Microsoft Dynamics NAV vs GP

    Houston Neal, at Software Advice, asked me to blog about the differences between Navision and Great Plains accounting software, or, as they are currently known, Microsoft Dynamics NAV and GP.  Houston has done a great job of describing the different Microsoft ERP (Enterprise Resource Planning - an accounting system [...]
    Posted: November 17, 2009, 11:46pm EST
  • Landing That First Job

    Question from the editors of Forbes:

    Recently, the U.S. Bureau of Labor Statistics reported a jump in the unemployment rate to 10.2%.Some economists think we could be looking at 10.5% by early next year. 

    Given these grim forecasts, how do you counsel recent college graduates and [...]
    Posted: November 10, 2009, 11:23pm EST
  • What Accountants Know


    What do accountants bring to the table for charitable donations? I would like to make the case for a special kind of support, something that will help EVERY charity and something that comes naturally with accounting training and experience.

    The difficult fact that each charity [...]
    Posted: November 03, 2009, 9:32pm EST
  • Don't Manage Me!


    The nice young man across the table was trying to help my wife and I renew our mortgage.  He had access to all of the transactions we had done at the bank, whether online, through the call center or through the branch.  It was clear that [...]
    Posted: November 01, 2009, 3:47pm EST
  • Experienced, Responsible, Reliable, BORING

    In a blog post about hiring leaders, Wayne Floyd asks, "How would you describe the most important skills or qualifications that you bring to the position of leadership?"  He then gives the standard list:  "experienced, responsible, reliable, organized, competent, skilled, likeable, supportive, flexible, collaborative, knowledgeable, proficient" [...]
    Posted: October 31, 2009, 6:05am EDT
  • Putting the Customer First - Really!

    You, the software vendor, are making your pitch.  It breaks down into three sections:
    Microsoft has amazing software, You are an amazing Microsoft representative, and Here's how you would address my needs. It's very logical, isn't it?  The problem is that every vendor I see has the same pitch.  It's [...]
    Posted: October 25, 2009, 5:43pm EDT
  • Energized Accounting Graduate

    This posting appeared in craigslist: http://toronto.en.craigslist.ca/tor/res/1424093814.html

    Hard Working Energized Accounting Graduate seeking employment (all of GTA)

    I just want to say that while I am actively encouraging energized accounting, I haven't actually graduated anyone in this field. It is, however, wonderful to see others using' [...]
    Posted: October 25, 2009, 6:45am EDT
  • 2 > 2 X 1 (Accounting Can Be Lonely)


    Accounting can be lonely.  So much of what we do is by ourselves.  I was at a the finance committee meeting of a charity last week.  We were discussing how much money the charity needs to have on hand as a contingency fund.  We decided that [...]
    Posted: October 24, 2009, 4:12pm EDT
  • Cover Letter Blues

    Reading all the resumes was depressing.  We're hiring a new manager and I was going through a stack of them with the human resources consultant.  The resumes looked remarkably similar and there wasn't a decent cover letter in the pile.  "We should have required applicants to have" [...]
    Posted: October 17, 2009, 8:57am EDT
  • Accountants Care

    Karen was the accountant for a client of mine. She had twenty years of experience, starting as the receptionist and working her way up to become an indispensable part of the team. She was quiet and dependable, keeping the invoicing and payroll systems going through changes [...]
    Posted: October 12, 2009, 10:26pm EDT
  • Accounting's Patron Saint

    Here's the official patron saint of accounting, Saint Matthew:
    "The patron saint of accountants, bankers, bookkeepers, security guards and tax collectors is Saint Matthew of Apostle fame, and he also was the author of one of the Gospels. Before becoming an Apostle, however, he started'" [...]
    Posted: October 07, 2009, 9:33pm EDT
  • The More Things Change . . .

    My son is in the throws of selecting a university (no, he has no intention of studying accounting!)We are doing the usual rounds of visits to campuses, going to the university fair and my son is attending the events sponsored by the colleges at his school. [...]
    Posted: October 06, 2009, 8:57am EDT
  • The Accounting Life

    Late last night I was driving home from work, yeah I know it was Saturday - it's budget time, enough said - and I passed by a building where I used to work. There was a light on in one room and I realized it was my old office. Now,' [...]
    Posted: October 04, 2009, 7:46am EDT
  • What Should They Teach Professional Accountants?

    Where I live, in order to become a Chartered Accountant (the Canadian equivalent of a CPA), you need the following:

    Courses Hours

    Financial accounting 15
    (introductory, intermediate and advanced)

    Cost & management accounting 6

    Advanced accounting elective 3

    Auditing 9
    [...]
    Posted: September 26, 2009, 6:24pm EDT
  • The Worst of Both Worlds

    Small companies are nimble and respond quickly to their customers' needs. Big companies can take on large projects and provide a wide range of products. But what happens when a big company downsizes to become a small company? Does it regain its nimbleness or does it' [...]
    Posted: September 26, 2009, 8:12am EDT
  • Travel Heavy

    Yes, yes, I know. ALL of the travel tips tell you to travel light. Pack one bag. Make it small enough to be carry on. That way you can take your laptop and your suitcase on the plane with you. They don't get lost. You don't [...]
    Posted: September 21, 2009, 9:19pm EDT
  • The Boomers are Coming - Part 2

    With the pending retirement of the Baby boom generation, we are about to lose a lot of hard won experience. Many of the Boomers are retiring early. They have the money they need. Why stay in the daily grind if you don't need to? But let's [...]
    Posted: September 19, 2009, 6:51am EDT
  • The Boomers are Coming - Part 1

    Modern day Paul Reveres are shouting, "The Boomers are coming!" from every digital rooftop. Magazines proclaim the changes to healthcare, investments, retirement homes etc. etc. that will accompany the retirement of the Baby boom generation. While there is a lot of hype surrounding this issue, there is a real opportunity [...]
    Posted: September 19, 2009, 6:47am EDT
  • Do Accountants Make Better Lovers?

    An article in the Life section of the Globe and Mail caught my eye this week: "When love hurts you know it's good - It should be a raging inferno, not a firelight glow . . . if it doesn't cause you pain . . ." [...]
    Posted: July 19, 2009, 10:09am EDT
  • Where is the Blog Going?

    You may have noticed that I haven't been posting as much lately. It's easy to dismiss not writing by talking about how busy I am. I don't travel as much any more, so I don't have that airport waiting room time to compose blog posts. I'm no longer a consultant,' [...]
    Posted: June 26, 2009, 9:31am EDT
  • Action, Approval, Information - Which is it?

    "Bill, I'm not sure what you're asking the committee to do with the material you sent out for the meeting." The man on the phone was the committee Chair and he wanted to be sure he understood what was being asked of him before going into [...]
    Posted: June 07, 2009, 9:58pm EDT
  • Lock 'em Up and Throw Away the Key

    Today's Globe and Mail newspaper had an article about a woman who clearly needed to be taught a lesson that would serve as a deterrent to others:

    Bela Kosoian, a 38-year-old mother of two, says when she didn't hold the handrail [on the transit escalator] [...]

    Posted: May 16, 2009, 12:21pm EDT
  • Who Says Accountants Aren't Cutting Edge?

    Recently, I have been twittering under the name AccountingWEB as we build the readership to that web site. I have found over 1,000 professional accountants on Twitter, arguably the most cutting edge of the new social networking tools. You guys rock!

    If you [...]
    Posted: April 26, 2009, 7:11am EDT
  • Don't Shoot The Accountant . . .

    . . . he's doing his best.

    Yesterday, David Kellermann, the newly appointed CFO of mortgage giant Freddie Mac committed suicide according to The Globe and Mail newspaper. This was an avoidable tragedy, one which we accountants need to learn from.

    Some facts from the article:
    The' [...]
    Posted: April 23, 2009, 6:45am EDT
  • R-E-S-P-E-C-T - IFRS for Nonprofits

    What might make some private companies or non-profit organizations in the United States adopt IFRS?
    The eventual adoption of IFRS by small businesses and not-for-profit organizations is likely to be market driven. The IASB is developing a version of IFRS for small and medium-size entities [...]
    Posted: March 25, 2009, 9:25pm EDT
  • Accounting Idol

    Ladies and gentlemen, welcome to the last show of Accounting Idol. We started with 50 eager bean counters and now it's down to the final three. Tonight one, two or all three of you will be eliminated. Who will it be?

    You thought that the' [...]
    Posted: March 20, 2009, 10:58pm EDT
  • New Newsletter for Charities

    Deloitte has just started a new newsletter called "A State of Change" for Canadian charities and not for profit organizations. Its goal:


    With the rapid change in accounting standards, rules and regulations over the past few years and the anticipated changes [...]
    Posted: March 20, 2009, 12:00pm EDT
  • Why Aren't You Using My Software?

    The picture on the screen was your average warehouse, but it wasn't your typical Microsoft corporate shot, i.e. it wasn't a perfect company with gleaming boxes on pristine shelves, where you'd swear you could eat off the floor. This one looked real. It was even a' [...]
    Posted: March 19, 2009, 8:51pm EDT
  • How to Connect at a Convention

    At 7,000 attendees, Microsoft Convergence was the biggest convention I have ever gone to. With that many people, connecting to the ones who are important to you becomes a challenge. The people going to Convergence are from different parts of the country, different industries and [...]
    Posted: March 15, 2009, 9:47am EDT
  • Is Your A/P Clerk a Knowledge Worker?

    Knowledge workers. The hype is everywhere, from Microsoft commercials to Gartner reports. This is the age of the knowledge worker. Just what does that mean? How has the job of the typical Accounts Payable clerk been transformed?

    Let's take a little trip back in time' [...]
    Posted: March 14, 2009, 11:13pm EDT
  • The Passionate Consultant

    Tucked away in the middle of the Latin Quarter of New Orleans is a hole in the wall dedicated to music. Not just any music, but jazz as it was played way back when. "Nawlins" is full of songs and this band knows them all. The [...]
    Posted: March 12, 2009, 4:07pm EDT
  • If We Could Do It Over

    Two manufacturing customers were comparing notes as I sat down at the lunch table at Convergence, the Microsoft customer convention. Customer A was considering Microsoft software and Customer B was close to "going live" (i.e. stopping their old system and using the new one exclusively). [...]
    Posted: March 11, 2009, 12:42pm EDT
  • Can You Teach Innovation?

    Can someone learn how to be innovative? Tom Kelley, the General Manager of IDEO, definitely thinks so. He freely admits that he was skeptical when his firm departed from its history of hiring only engineers and started looking for "soft" skills, like anthropology. Yesterday I [...]
    Posted: March 11, 2009, 12:02pm EDT
  • Downturn for Accountants?

    This evening I had dinner with an analyst from IDC who follows accounting technology, specifically Enterprise Applications. He doesn't see a slowing down for sales in this area, as companies are using technology to save money.

    This view was borne out by a representative' [...]
    Posted: March 11, 2009, 1:22am EDT
  • Networking for Geeks

    How do you network if you're in a crowd of strangers and you're not particularly good at it anyway? I'm sure that's a question that the organizers of the Microsoft Convergence conference for their accounting system customers thought long and hard about.

    I have to [...]
    Posted: March 11, 2009, 12:47am EDT
  • Turning the Queen Mary

    How do you get the attention of the people who developed your accounting system? How do you let them know the new features you would like to see or what you find really frustrating? If you had five minutes alone with the chief programmer, what would [...]
    Posted: March 11, 2009, 12:33am EDT
  • AccountingWeb is now on Twitter

    Which new technology should you invest your time in? Which of these self-titled experts and gurus should you follow? My simple approach to these questions has been to try before I buy. Even with free internet tools, it takes a lot of time to get set [...]
    Posted: March 07, 2009, 9:33am EST
  • R U My Mentor?

    Wouldn't it be nice to find someone who has seen it all before and is willing to share their experience with you and show you the ropes? Or maybe it would be nice to find someone young and eager to apply their book learning to the' [...]
    Posted: February 28, 2009, 2:32pm EST
  • Why I'm Excited About Convergence

    Convergence is Microsoft's annual invitation to all of its business customers to meet and talk about accounting software. Yep, that's right. It's a giant convention of computer geeks and accounting nerds. Being a bit of both, I feel right in my element, but that's not [...]
    Posted: February 21, 2009, 2:51pm EST
  • They Keep Changing Their Minds

    The woman beside me and I were looking at the travel expense in the General Ledger and in the report before me. They didn't match. My report was in a different format than the GL. I made the comment that if we reorganized the cost centers' [...]
    Posted: February 13, 2009, 7:45am EST
  • Lifelong Learning

    When you see a new version of your accounting software, does it feel like Christmas or April Fool's Day? Is your mood one of happy expectation or is your cynical side just waiting for disappointment?

    Here's what I saw in a recent demonstration of a [...]
    Posted: January 28, 2009, 10:05pm EST
  • What Would You Do?

    Here's the situation: you're a large software company and you own several competing software packages. You want to keep your customers. In fact you want to build a relationship with them so they keep updating their software instead of holding on to one version until it's' [...]
    Posted: January 28, 2009, 9:55pm EST
  • CGA Magazine - Accountant Bloggers


    CGA Magazine, the voice of Canada's Certified General Accountants, has an article encouraging accountants to blog. If you're an accountant, you should read it (not just because it mentions this blog as a good example!)


    If you’ve got something to say about [...]

    Posted: December 19, 2008, 9:13am EST
  • Fragile Giants (2)

    This is how a team falls apart: Remove a key player, and the social bonds that keep their friends on the job weaken. Before you know it, you've got a group of employees collecting paychecks, not a team working for a goal. Bugs go unfixed; servers' [...]

    Posted: December 18, 2008, 10:04pm EST
  • CFO = Maestro?

    Is this your image of a conductor, someone who insists on being called "maestro", someone with a whim of iron who can quell opposition with a single insult, someone who makes trained professionals quake in their boots?

    Now, let me tell you about Peter. He's' [...]
    Posted: December 13, 2008, 2:26pm EST
  • Fragile Giants

    When I looked up "Business Management" on the Amazon web site, I was greeted with more than 171,000 titles. How do you decide which ones are worth while? What I do is wait. Most of the management books I read are five or six years old. [...]
    Posted: December 11, 2008, 9:16pm EST
  • Two New Excel Functions

    Microsoft has just announced two new Excel functions to be included in the Microsoft Office 2007 suite, Service Pack 2 (SP2) expected to be released 04/01/2009. I'm sure they will prove to be indispensable tools to accountants, particularly those involved in budgeting, financial reporting or financial' [...]
    Posted: December 05, 2008, 9:43pm EST
  • Interesting People

    It takes a lot of talent to be a consistently funny writer for your whole career, but John Cleese has done just that. I was a Monty Python fan and watched the TV show every week. I quoted Python skits in high school (Say no [...]
    Posted: December 04, 2008, 10:56am EST
  • What's Going On With This Blog?

    Bloggers tend to write from personal experience. Recently I have been adding more content about not for profit enterprises to the Energized Accounting blog and there's a reason. For the past several months, I have been on contract to The United Church of Canada. I was recently offered the position' [...]
    Posted: December 03, 2008, 11:02pm EST
  • The Accountant's GiveList

    The GiveList is a way of helping people without spending money. In their words,
    Times are tight. We know, we know. We've all seen the scary headlines. Too many of the scary headlines. And we're all feeling the pressure in other ways too. But, still, we want to contribute [...]
    Posted: December 03, 2008, 4:04pm EST

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