In Pursuit of Profit
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 Imagine the following scenario: Your accountant has turned in their notice and now you need to find a replacement. You’re not confident that you’ll be able to find someone new for the role before they leave. Now you’re left with an important decision to make – do we bring in a temporary accountant to fill the gap or do we juggle those accounting duties ourselves while we hurry to find a replacement and hope the new accountant can catch us up when they get hired?
In our line of work this is more than a hypothetical scenario – it’s a narrative we hear every day from clients! Let’s dive into what an interim accountant does and why bringing one in can help your company when it’s experiencing an accounting transition.  As a recruiter with over 45 years of experience, we asked Perry Paden to give his thoughts and opinions on some topics that are currently facing the accounting industry. Here’s what he had to share when we sat down to talk with him…
Q: There has been so much ongoing discussion about the talent shortage in accounting, how has this changed in the last year or so? Perry: “It’s simple. It really has not changed tremendously. Among accounting and finance professionals there’s a shortage of talent – period. Recent data tells us that there are over a million accountants employed in the US currently, but the accounting profession is expected to fill out over 130,000 positions every year until 2031. That’s a gap that’s going to cause problems!”  Architecting and building a successful accounting department is critical to a company’s growth and success. One of the keys is ensuring your accounting team has a thorough and complete accounting manual to instruct them on how, why, and when to account for all financial transactions within the business.
Just like a general contractor needs an official set of complete plans from a professional architect to ensure a successful build, so an accounting department needs a professional and complete accounting manual to ensure accounting operations are run with integrity and efficiency while maintaining all universal compliance requirements. I have been in many accounting environments across various companies throughout my career and the best and most efficient accounting environments all have one thing in common – best-in-class accounting manuals. Why? Let’s look at the ways an accounting manual brings value to a company.
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9/25/2024