Topic: tech trends
Two strategies to minimize business risk from Internet failure. By Roman H. Kepczyk Quantum of Paperless The Internet has had a profound impact on accounting firm operations and communications. What if you lost your Internet connection? On April 13?
51% plan new hiring now and into next year. For 2015, 81 percent percent of small businesses forecast a revenue increase, with 21 percent expecting to grow more than 100 percent, according to a new Xero survey. The study also shows that employing an accountant pays off. SMBs (small and medium-size businesses) that use an accountant with online accounting software enjoyed a 16 percent increase in revenue over businesses that use online accounting software without an accountant. And using more accountants equals more revenue, says the study released by a cloud accounting software maker.
SMBs say cloud accounting is the last thing they want. Accountants are encountering extraordinary difficulties in getting their small- and mid-size business clients to adopt cloud computing, according to new research findings made available first to CPA Trendlines. Accounting is the last operation small business wants to update. Everything else comes first, according to Software Advice, Austin, Texas-based accounting technology reviews company. Key Findings: Over half of respondents express moderate to high levels of confidence in cloud-based accounting solutions, with 32 percent indicating “moderate” confidence. With 5 percent already using cloud accounting, only 16 percent more are likely to move ahead anytime soon. The top concern with cloud-based accounting, cited by 46 percent of small business owners, is security. Cost […]
By Ed Mendlowitz The CPA Trendlines Practice Doctor QUESTION: I have a small firm and I’m overwhelmed with all the new technology things I’m hearing about. How can I keep up to date? RESPONSE: I personally am astounded at what is out there. It is way beyond me. RELATED SURVEY RESULTS: How Accountants Keep Up with Tech Trends Here are 10 ways you can stay ahead of the curve:
The virtual workplace has arrived. And it’s paying off. By Roman H. Kepczyk Quantum of Paperless One of the key components in optimizing firm production is providing the capability for firm personnel to work from anyplace, at any time, at their own convenience. So give your people access to the resources needed whenever and wherever they are. They will get more work done in less time. Here’s how.
But only if you’ve done everything else first.
As tape drives fast become overloaded, unreliable and obsolete. By Roman H. Kepczyk Quantum of Paperless Your firm’s safety net in the event of any disaster is your data backup. It better be consistently performed and securely stored offsite. Typically, firms have a problem when their old backup systems fail or the tapes don’t complete because there’s too much data to fit. This is becoming a common problem as more data and more applications add significantly more volume, making the backup application require more storage and a longer running time to complete. MORE TECH TRENDS: How to Know It’s Time to Scrap Your Old Server | Where Laptops Rule at CPA Firms Today | Step 1 in Building the Paperless […]
And the six recommended actions before moving to the cloud. By Roman H. Kepczyk Quantum of Paperless In almost every firm, the core computers used for all applications are internal file servers. Down time for a day or two is a disaster. If that out-of-service stoppage stretches to a week or more, your partner income will suffer measurably. Simply put, mission-critical servers utilized for tax, audit, time and billing, and email have, at most, an effective five-year life.
Top strategy: Compare with peers. CPA Trendlines Exclusive The pace of change in technology is leaving accountants so dazed and confused that about half of all practitioners say merely “keeping up” is one of their biggest technology-related problems. Cost comes second. Accountants are so fed up with the staggering pace of developments that you couldn’t pay them enough to try a new software product “while drinking umbrella drinks on a beach at vendor expense,” according to Randy Johnston and Leslie Garrett, writing in the new Accounting Firm Operations and Technology Survey. They caution, however, that “If you dislike change, you’re going to dislike irrelevance even more.” The survey reveals the top tactics accountants are employing to stay up to date and make […]