Despite the increasing availability of cloud technology and mobile apps that ensure you can be instantly transported into your familiar desktop workspace while working remotely, accountants are still not working from everywhere, according to the 4th Annual Accounting Firm Operations and Technology Survey.
As the profession faces a future filled with the promises of artificial intelligence, machine learning and ever-increasing automation, it’s easy to forget a key point: Without security, technology can come back to bite you.
Many accounting professionals are still grappling with mobile devices, social media and cloud computing. But the Next Big Things are already being hyped and debated.
And even though they will take years to move into the practical realm for practitioners, it’s time to at least learn the buzz words and understand the concepts because these technologies have the potential for as much change and disruption as we’ve seen in the things we are still trying to understand during the current century. READ MORE →
Randy Johnston, President, Network Management Group, Inc., Leslie Garrett, PhD, CEO of Insight Research Group announce the release of the 4th Annual Accounting Firm Operations and Technology (AFOT) Survey results and survey book.
The 4th Annual AFOT Survey results book features the past three years of survey data, trend lines, thought-leadership from accounting channel leaders and consultative insight. “I continue to be amazed that I learn something from every version of our survey. The 4th Annual Accounting Firm Operations and Technology Survey provided insights about CPA firm strategies that I have not seen anywhere else. It is clear that this measure of technologies in use in the practice of accounting provides leading indicators of changes to come in the profession and the technologies used to solve client and firm problems. My only hope is that more and more firms would participate to benefit from the receiving the results for free as a benefit of participating,” said Johnston.
“We designed our survey results book to clearly display survey results and trend lines, making it easier to glance at the data and quickly assess the information or opt to dive deeper into the state of many facets of the profession. We also segment and present the data by size of firm to aid partners, shareholders, owners and IT professionals working in tax, accounting, and bookkeeping firms benchmark their operation,” said Garrett.
Key facts about the Accounting Firm Operations and Technology Survey:
Although there are many good surveys, there is not another independent survey that has this level of complete information about the technology U.S. tax, accounting, and bookkeeping professionals are using in their practices.
The intent of this survey is to discover valid, factual actionable information and to deliver a resource that provides trend lines and consultative content based on precise results of multiple years of data gathered using this survey instrument
Multiple years of data presented in an understandable way using charts and tables that reveal trends as they are developing.
If everything in your world runs in a browser, then any computer will work, and you can be done reading this blog post. However, if you have any desktop solutions that you need to run remotely, you will need a hosted option for that application. You can host applications privately or publicly. READ MORE →
Nothing could be further from the truth, as it would be normal for a staff tax preparer to have as many as 12 applications open at once. Very few things are as important to your firm’s effectiveness and efficiency as the reliability and effectiveness of your technology. READ MORE →
While subscription-based software has significant advantages, it also has some significant risks that need to be considered, including contingency planning, data backup, and data extraction and export when ending the relationship.
Firms should have a clear plan for how they will operate if the cloud service is down for a day or more, including having enough data offline to permit manual preparation of payroll, invoices and other time-sensitive transactions. READ MORE →
We know that 56 percent of firms have email hosted outside the office. While all firms have the option to either run a solution in-house or to have a third party handle this obligation, the firms who use hosted email could also utilize add-in services for this task. READ MORE →