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At the forefront of today’s business world, accounting firms strive to stay ahead of the curve and leverage technology to…
Most people have heard the term VPN or virtual private network, yet not all accountants know precisely what a VPN is, how it works, and why they need one. The main reason is data security, but that isn’t the only reason accounting firms should operate with a VPN. Enhanced network management, functionality, and convenience are also…
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The finance industry is rapidly approaching a transition. The time to future-proof your accounting firm is now. In a field known to resist change, developing modern processes is required to remain competitive. In some cases, it will be necessary to make these changes to stay in business. A shift is lurking just around the corner….
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Whether a person has been working from home for many years or is new to remote work schedules, it’s essential to have the equipment needed to remain productive. There is a direct correlation between quality home office equipment, job satisfaction, and overall productivity. Long before recent global events that caused a rise in remote workers, more…
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Accounting firms must put in place effective cybersecurity measures to ensure their firms are secure. And staying up to date with cybersecurity technology is key to preventing data breaches. Once every 39 seconds, a successful cyberattack occurs, involving financial information used for nefarious purposes. Hacking is responsible for 45% of sensitive data breaches, and according to…
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Companies in nearly every sector are announcing plans to retain remote workers, and experts anticipate that there will be 36.2 million remote workers in the United States by 2025. According to the Journal of Accountancy, over 50% of the top performing accounting firms in the country have staff working remotely. The average employee who commutes to the…
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At the beginning of 2020, accounting professionals realized for the first time that their jobs were entering the 21st century. The advancements in technology and computing operations brought new life to accountancy. Stacks of ledgers and old manual processes are being replaced with modern accounting software and tech stacks. The digital transformation has allowed accounting firms to…
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Accounting firms and CPAs are tax and finance experts. Few comprehend the complexities of an IT infrastructure and what it takes to have a tech stack capable of managing the many facets of running an accounting practice. There are roughly 46,000 accounting firms in America, and the 500th largest firm only has 20 employees. Small to…
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Investing in the right technology is critical for accountants for several reasons. They need accounting software that checks all of the boxes, including data protection, ease of use, and scalability. These are just a few essentials on the tax software checklist. With a tax software market valuation of $33.6 billion expected by 2030, it is obvious there…
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As the digital transformation drives companies to move most operations into cloud computing, the transition continues to be a challenge for many professionals. Those within the accounting industry are particularly struggling with adopting newer technology. The good news is that Microsoft 365 (M365) – formerly Office 365 – has many advanced features that specifically help accounting…
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Data security is vital for accounting firms because of the sensitive data that they manage every single day. The most common cyberattacks require prevention methods that mitigate these data breaches. It can take more than half a year for a company to detect a data breach, and it can take even longer to restore data security. The…
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