Small business owners are well aware of the costs involved in maintaining the necessary information technology (IT) to compete with larger firms. With the evolution of cloud-based systems, you have likely heard promises of cost savings, better customer service, enhanced productivity, and unparalleled accessibility. Read More
Considering a Transition to Cloud Accounting? Here Are Five Things You Need to Watch Out For!
During the early years of cloud computing, cloud-based accounting application options were few. Today there is a multitude of accounting applications available and many more innovative applications on the way. If you are considering a transition to the cloud for your accounting firm, here are five things you need to consider. Read More
Though cloud computing continues to grow exponentially in most business arenas, accounting firms are still quite cautious about making the transition to cloud computing. Why? When questioned, most accounting firms express concerns about customer service, loss of quality, added cost, inability to customise products for clients and integration issues. Read More
Using the right technology results in many benefits for accounting professionals including increased profit and enhanced customer service. That statement shouldn’t come as a surprise to anyone as it is a well-documented fact in virtually every industry. What are the advantages of using the right technology? Read More
As an accountant, your love affair with technology is likely somewhat fickle. Just when you embrace the latest technology, it changes, leaving you challenged to keep up with the latest innovation to better serve your clients.
A recent survey performed by Xero Trends of accounting firms found the top three technology priorities to be in these areas. Interestingly over one-third of accounting firms feel they need to make technology changes within the next year. Read More
Recent studies have shown that when cloud computing is implemented in professional firms they see a rise in revenue beginning in the first year of their traditional to cloud transition. As more and more firms make the move to the cloud, they praise the benefits of cloud-based systems. These accolades include the ability of staff members to work from any location – home, a clients’ office or on the road, the greater security of financial data in the cloud and the reduction of IT issues in the office. Read More
When the time comes to enhance the technology in a professional firm, obstacles frequently arise. Obstacles often faced include resistance to the financial and time investments required to make the changes needed while continuing to grow the business. Another common barrier is convincing everyone in the firm of the necessity to embrace technological enhancements. Read More
As your business grows, it generates more and more data. More data means a constant demand for a bigger and better storage option – one with inherent safety and security to protect all that important info!
With the abundance of technological options out there, let’s narrow it down to brass tacks. When choosing a storage and organisational strategy, consider these options: Read More
You’ve obviously heard of cloud accounting – the question is are you on board or are you still skeptical?
In Australia, statistics show that nearly 50 percent of small businesses have at least considered a move to cloud accounting.
Another survey conducted in Australia and New Zealand reveals a mere 12 percent of cloud accounting participants in the accounting industry, completely disproportionate to the way your clients see things. Read More