Accounting firms are adopting AI faster than almost any other professional service sector. According to Karbon’s State of AI in Accounting 2026 Report, 92% of accounting professionals now use AI in their work — and firms that train staff on AI save an average of 7 weeks per year per employee. The efficiency gains are … Read more
Accounting firms lose more revenue to unbilled time than to any other single factor. A 2024 AICPA survey found that accounting professionals capture only 67% of their actual billable hours — meaning a CPA billing at $200/hour loses approximately $26,000 per year in revenue that was earned but never recorded. For a 5-person firm, that’s … Read more
The average accounting firm manages 847 documents per client per year. Tax returns, engagement letters, organizers, workpapers, IRS correspondence, signed authorizations, prior-year files — all of it needs to be findable, organized, version-controlled, and accessible to the right people at the right time. Without a document management system built for this volume, CPAs spend an … Read more
Karbon and Financial Cents are the two most frequently compared accounting practice management platforms for small firms — and they serve genuinely different problems. Choosing the wrong one for your firm’s actual bottleneck is a mistake that costs real time and money to undo. Financial Cents is built for speed and simplicity. Most firms are … Read more