{"id":8002,"date":"2021-04-20T14:42:57","date_gmt":"2021-04-20T18:42:57","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=8002"},"modified":"2026-02-12T04:48:00","modified_gmt":"2026-02-12T09:48:00","slug":"project-management-fundamentals-for-cpa-firms","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/project-management-fundamentals-for-cpa-firms\/","title":{"rendered":"Project management fundamentals for CPA firms"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/accountants\/\" class=\"entry-header__link\">Accountants<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tProject management fundamentals for CPA firms\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2021-04-20T14:42:57-04:00\">April 20, 2021<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Project management fundamentals for CPA firms\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/project-management-fundamentals-for-cpa-firms\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/amandawilkie\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/09\/Amanda-Wilkie-1-350x350.jpg\" class=\"entry-author__image\" alt=\"\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/09\/Amanda-Wilkie-1-350x350.jpg 350w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/09\/Amanda-Wilkie-1-768x768.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/09\/Amanda-Wilkie-1-810x810.jpg 810w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/09\/Amanda-Wilkie-1.jpg 1233w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Amanda Wilkie<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p>Lately, there\u2019s been a lot of talk within CPA firms around hiring project managers. A project manager (PM) can be an excellent addition to your team, however I\u2019ve found that some people use the term \u201cproject management\u201d when also describing an engagement management.<\/p>\n\n\n\n<p>While both roles require the same attention to detail, focus on process, and stellar communication skills, there is a difference between these two roles.<\/p>\n\n\n\n<p>In this article we will cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#engagement\">Engagement management vs. project management<\/a><\/li>\n\n\n\n<li><a href=\"#project\">Project management fundamentals<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"#phase1\">Phase 1 &#8211; Concept and initiation<\/a><\/li>\n\n\n\n<li><a href=\"#phase2\">Phase 2 &#8211; Defining and planning<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"#smart\">SMART Goals<\/a><\/li>\n\n\n\n<li><a href=\"#clear\">CLEAR Goals<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"#phase3\">Phase 3 &#8211; Launch or execution<\/a><\/li>\n\n\n\n<li><a href=\"#phase4\">Phase 4 &#8211; Performance and control<\/a><\/li>\n\n\n\n<li><a href=\"#phase5\">Phase 5 &#8211; Project closure<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"#additional\">Additional resources<\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"engagement\">Engagement management vs. project management<\/h2>\n\n\n\n<p>An engagement manager oversees client engagements, acting as the communicator between the client and the engagement team. Additionally, they ensure milestones are hit and keep the engagement on task so the rest of the team can focus on their unique abilities. Although every engagement may have unique aspects, there\u2019s typically a common deliverable: a financial statement, a strategic plan, etc.<\/p>\n\n\n\n<p>Projects, on the other hand, are temporary. They are also unique in that they\u2019re not a part of your firm\u2019s routine operations, but a specific set of operations designed to accomplish a singular goal. They have a defined beginning and end, and therefore a defined scope and resources. A project team often includes people who don\u2019t usually work together \u2013 sometimes from different organizations and across multiple geographies.<\/p>\n\n\n\n<p>Examples of projects include developing software for an improved business process, constructing a building or bridge, the relief effort after a natural disaster, or the expansion of sales into a new geographic market. All must be expertly managed to deliver on-time, on-budget results.<\/p>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Sage Accountants Network<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Elevate yourself above the competition and start benefiting from being a true business partner to your clients!<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/accountants\/products\/sage-accountants-network\/\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tid=\"cta-id-4957\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-button-location=\"cta_box\"\n\t\t\t\t\t\t\t\t\t\t\t>Learn more<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1214\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2017\/10\/iStock-615409760-1214x810.jpg\" class=\"single-cta__image\" alt=\"Pitching to an investor\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2017\/10\/iStock-615409760-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"project\">Project management fundamentals<\/h2>\n\n\n\n<p>Project management is the application of knowledge, skills, tools and techniques to meet the project requirements. Each project goes through five project lifecycle phases, each of which is tailored to fit the project\u2019s needs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"phase1\">Phase 1 \u2013 Concept and initiation<\/h3>\n\n\n\n<p>This is the start of the project. The goal of the concept and initiation phase is to define the project at a broad level. This usually begins with a business case and research into whether the project is feasible and whether it should be undertaken.<\/p>\n\n\n\n<p>In this phase, important stakeholders do their due diligence to help decide if the project is a \u201cgo.\u201d If it is given the green light, you need to create a project charter or a project initiation document (PID) that outlines the purpose and requirements of the project. The PID includes business needs, stakeholders and the business case.<\/p>\n\n\n\n<p>There are plenty of PID templates that adhere to guidelines established by the Project Management Institute\u2019s <em>A Guide to the Project Management Body of Knowledge<\/em> (PMBOK\u00ae Guide) available online. You can download one to help you get started.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"phase2\">Phase 2 \u2013 Defining and planning<\/h3>\n\n\n\n<p>The defining and planning phase is key to successful project management and focuses on developing a roadmap for everyone to follow. This phase typically begins with setting goals. Two of the more popular methods for setting goals are S.M.A.R.T. and C.L.E.A.R.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"smart\">S.M.A.R.T. Goals<\/h4>\n\n\n\n<p>The S.M.A.R.T. goal method helps ensure that the goals have been thoroughly vetted. It also provides a way to clearly understand the implications of the goal-setting process.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Specific<\/strong>. To set specific goals, answer the following questions: who, what, where, when, which and why.<\/li>\n\n\n\n<li><strong>Measurable.<\/strong> Create criteria that you can use to measure the success of a goal.<\/li>\n\n\n\n<li><strong>Attainable<\/strong>. Identify the most important goals and what it will take to achieve them.<\/li>\n\n\n\n<li><strong>Realistic<\/strong>. You should be willing and able to work toward a particular goal.<\/li>\n\n\n\n<li><strong>Timely<\/strong>. Create a timeframe to achieve the goal.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"clear\">C.L.E.A.R. Goals<\/h4>\n\n\n\n<p>The C.L.E.A.R. goal method takes into consideration the environment of today\u2019s fast-paced businesses.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Collaborative<\/strong>. The goal should encourage employees to work together.<\/li>\n\n\n\n<li><strong>Limited<\/strong>. Goals should be limited in scope and time to keep it manageable.<\/li>\n\n\n\n<li><strong>Emotional<\/strong>. Goals should tap into the passion of employees and be something they can form an emotional connection to. This can optimize the quality of work.<\/li>\n\n\n\n<li><strong>Appreciable<\/strong>. Break larger goals into smaller tasks that can be quickly achieved.<\/li>\n\n\n\n<li><strong>Refineable<\/strong>. As new situations arise, be flexible and refine goals as needed.<\/li>\n<\/ul>\n\n\n\n<p>Using one of these goal-setting methods, define the scope of the project and develop a project management plan. This involves identifying the cost, quality, available resources and a realistic timetable. It also includes establishing baselines or performance measures. These are generated using the scope, schedule and cost of a project. A baseline is essential to determine if the project is on track.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">What clients need in 2021 and beyond<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Be better prepared for your clients evolving expectations. Discover the 7 things your clients want in 2021 and beyond.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-24780b7a-7626-4816-afb2-5a173fcad92b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download Now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1215\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2017\/12\/artofhiring-1215x810.jpg\" class=\"single-cta__image\" alt=\"Mastering the art of hiring\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2017\/12\/artofhiring-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"phase3\">Phase 3 \u2013 Launch or Execution<\/h3>\n\n\n\n<p>The launch or execution phase is the one in which you develop and complete deliverables. This often feels like the meat of the project since a lot is happening during this time, such as status reports and meetings, development updates, and performance reports. A \u201ckick-off\u201d meeting usually marks the start of the Project Execution phase where the teams involved are informed of their responsibilities.<\/p>\n\n\n\n<p>Tasks completed during the Execution Phase include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Develop the team<\/li>\n\n\n\n<li>Assign resources<\/li>\n\n\n\n<li>Execute project management plans<\/li>\n\n\n\n<li>Procurement management if needed<\/li>\n\n\n\n<li>PM directs and manages project execution<\/li>\n\n\n\n<li>Set up tracking systems<\/li>\n\n\n\n<li>Execute task assignments<\/li>\n\n\n\n<li>Status meetings<\/li>\n\n\n\n<li>Update project schedule<\/li>\n\n\n\n<li>Modify project plans as needed<\/li>\n<\/ul>\n\n\n\n<p>While the project monitoring phase has a different set of requirements, these two phases often occur simultaneously.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"phase4\">Phase 4 \u2013 Performance and control<\/h3>\n\n\n\n<p>The performance and control phase is all about measuring project progression and performance and ensuring that everything happening aligns with the project management plan. Project managers use key performance indicators (KPIs) to determine if the project is on track.<\/p>\n\n\n\n<p>The PM typically picks two or more of these KPIs to measure project performance:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Project Objectives<\/strong>. Measuring if a project is on schedule and budget is an indication of whether the project will meet stakeholder objectives.<\/li>\n\n\n\n<li><strong>Quality Deliverables.<\/strong> This determines if specific task deliverables are being met.<\/li>\n\n\n\n<li><strong>Effort and Cost Tracking. <\/strong>PMs account for the effort and cost of resources to see if the budget is on track. This type of tracking informs if a project will meet its completion date based on current performance.<\/li>\n\n\n\n<li><strong>Project Performance. <\/strong>This monitors changes in the project. It takes into consideration the amount and types of issues that arise and how quickly they are addressed. These can occur from unforeseen hurdles and scope changes.<\/li>\n<\/ul>\n\n\n\n<p>During this time, the project manager may need to adjust schedules and resources to ensure the project is on track.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"phase5\">Phase 5 \u2013 Project Closure<\/h3>\n\n\n\n<p>The project closure phase represents the completed project. Contractors hired to work specifically on the project are terminated. PMs recognize team members and may even organize small work events to thank the people who participated in the project for their efforts.<\/p>\n\n\n\n<p>The PM often holds a meeting \u2013 sometimes referred to as a \u201cpost mortem\u201d \u2013 to evaluate what went well in a project and identify project failures. This is especially helpful in understanding lessons learned so that improvements can be made for future projects.<\/p>\n\n\n\n<p>Once the project is complete, the PM still has a few tasks to complete. They will need to create a project punch list of things that didn\u2019t get accomplished during the project and work with team members to complete them. They also need to prepare a final project report and budget. Finally, they need to collect all project documents and deliverables and store them in a single place.<\/p>\n\n\n\n<p>In the end, project management brings together aspects of integration, scope, time, cost, quality, procurement, human resources, communications, risk management and stakeholder management. Of course, all management is concerned with these, but project management brings a unique focus shaped by the goals, resources and schedule of each project. We can see just how valuable that focus is by considering the rapid, worldwide growth of project management as a recognized and strategic organizational competence, as a subject for training and education and as a career path.<\/p>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Accountants webinar hub<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>From thought leaders sharing tips on how to drive your practice forward to Sage experts demonstrating how our solutions can fit into your practice, our live and on-demand webinars will help you grow your practice and better serve your clients.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/accountants\/webinar-hub\/\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tid=\"cta-id-8673\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-button-location=\"cta_box\"\n\t\t\t\t\t\t\t\t\t\t\t>Visit webinar hub<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1328\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/03\/iStock-528057244-1328x810.jpg\" class=\"single-cta__image\" alt=\"tax reform\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/03\/iStock-528057244-1328x810.jpg 1328w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"additional\">Additional Resources<\/h2>\n\n\n\n<p>If you\u2019re looking for additional resources, the <a href=\"https:\/\/www.pmi.org\/\">Project Management Institute<\/a> (PMI) is an excellent resource for project management training, standards, tools and templates.<\/p>\n\n\n\n<p>The following Sage Advice articles can also help you master the fundamentals of project management:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.sage.com\/en-us\/blog\/does-your-firm-need-a-project-manager-yes\/\">Does your firm need a project manager? Yes!\u00a0<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.sage.com\/en-us\/blog\/business-development-process-for-your-accounting-firm\/\">How to create a 5-step business development process for your accounting firm<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.sage.com\/en-us\/blog\/tips-to-achieve-your-business-goals\/\">5 tips to achieve your business goals<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.sage.com\/en-us\/blog\/how-to-write-a-business-plan\/\">How to write a business plan<\/a><\/li>\n<\/ul>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Grow your practice with Sage accountant software<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">CPAs and accountants can trust Sage\u2019s tools and resources to grow their accounting firms and better serve clients.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:image {\"id\":8125} --><\/p>\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"100\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2021\/02\/sage-boss-your-practice-tick-horizontal_white.png\" alt=\"\" class=\"wp-image-8125\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2021\/02\/sage-boss-your-practice-tick-horizontal_white.png 800w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2021\/02\/sage-boss-your-practice-tick-horizontal_white-768x96.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<p><!-- \/wp:image --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/accountants\/\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tid=\"cta-id-3526\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-button-location=\"cta_box\"\n\t\t\t\t\t\t\t\t\t\t\t>Learn more<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1215\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-645973033-1215x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-645973033-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Accountants newsletter<\/h2>\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-ab515c6e-7e90-4c2f-a67e-113872516e8b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2021\/02\/SageAdvice-christina-wocintechchat-com-2JDDn7iSGH8-unsplash-1064x810.jpg\" class=\"single-cta__image\" alt=\"Women in tech\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2021\/02\/SageAdvice-christina-wocintechchat-com-2JDDn7iSGH8-unsplash-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/accountants\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccountants\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/boomer-consulting\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBoomer Consulting\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/grow-your-accounting-practice\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tGrowing your accounting practice\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-33549 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants tag-accountants tag-accounting-101 tag-fixed-assets tag-small-business business_type-small-business business_type-accountants card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1215\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1450969748-1215x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1450969748-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1450969748-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1450969748-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-12-22T09:26:06-05:00\">December 22, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">4 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/fixed-asset-lifecycle-management-efficiency\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tStreamline your fixed asset lifecycle from acquisition to disposal\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tSimplify every stage of fixed asset management with best practices that reduce manual work, improve accuracy, and keep your organization audit-ready.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row 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class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0968-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0968-512x768.jpg 512w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0968-540x810.jpg 540w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-12-18T15:04:29-05:00\">December 18, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">3 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe essential guide to sub-ledger accuracy and integration\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-33184 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters tag-accountants tag-accounting-101 tag-fixed-assets business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/fixed-asset-reporting-cleaner-reconciliations\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1369567969-1-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1369567969-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1369567969-1-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1369567969-1-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-11-17T09:52:30-05:00\">November 17, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">4 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tMindful fixed asset reporting: Best practices for cleaner reconciliations\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-13397 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-free-guides-templates category-money-matters category-strategy-legal-operations tag-accountants tag-automation tag-cfo business_type-small-business business_type-accountants business_type-growing-business industry-financial-services industry-software-saas\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/5-steps-to-build-your-revenue-recognition-strategy\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1181223319-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1181223319-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1181223319-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1181223319-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div 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0-.537-.216z\" \/><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-09-24T15:43:15-04:00\">September 24, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\t5 steps to mastering revenue recognition for SaaS\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-13831 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters tag-accountants tag-accounting-101 tag-cash-flow tag-cloud-financial-management business_type-small-business business_type-accountants business_type-growing-business industry-software-saas\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/accounting-compliance-and-reporting-best-practices-for-saas\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-580503469-684x384.jpg\" class=\"card-post__image\" alt=\"A woman holding a phone and sitting in front of a computer\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-580503469-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-580503469-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-580503469-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-07-30T12:27:13-04:00\">July 30, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">13 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tUnderstanding SaaS compliance: Best practices for accounting and reporting\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lately, there\u2019s been a lot of talk within CPA firms around hiring project managers. A project manager (PM) can be an excellent addition to your team, however I\u2019ve found that some people use the term \u201cproject management\u201d when also describing an engagement management. While both roles require the same attention to detail, focus on process, [&hellip;]<\/p>\n","protected":false},"author":661,"featured_media":3267,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[158,44],"tags":[2,257,359],"business_type":[312],"lilypad":[],"context":[],"industry":[57],"persona":[150,100,98],"imagine_tag":[222],"coauthors":[745],"class_list":["post-8002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountants","category-strategy-legal-operations","tag-accountants","tag-boomer-consulting","tag-grow-your-accounting-practice","business_type-accountants","industry-financial-services"],"sage_meta":{"region":"en-us","author_name":"Amanda Wilkie","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/01\/strategicpartners.jpg","imagine_tags":{"222":"Accountants"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/8002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=8002"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/8002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/3267"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=8002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=8002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=8002"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=8002"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=8002"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=8002"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=8002"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=8002"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=8002"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=8002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}