Insights from Saiba Practice Management Conference

From Accounting Weekly: Nicolaas van Wyk, CEO of Saiba: Accountants are problem-solvers-in-chief, so we should embrace problems. Part of our CPD is a monthly review of legal and regulatory changes

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Can automated accounting software and platforms help SMEs?

We’ve heard about the potential horrors of automation, and when it comes to automated accounting, it might make some people, especially accountants, nervous.

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Firms spend over 3,000 hours annually checking bad client data

Automating the checking of data across your practice is the equivalent of giving yourself one hour back each day. Knowing the quality of your client’s data before taking them on allows you to price more accurately, not to mention the benefit of detecting tax risks or lost opportunities from miscoding quicker.

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RPA in Finance and Accounting – Redesigning Operational Excellence through Automation

RPA in Finance and Accounting has been lauded as one of the early adoptions of game-changing technology that allows companies in these industries to boost productivity, lower costs and save much-needed time carrying out their profession.

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Here are some cost-effective ways to promote your business

The success of any business depends on making yourself known, and that means advertising yourself. Many companies chose to overlook the importance of advertising and marketing, and hence remain small or even contract.

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Cash overdrafts: accounting for negative cash

As an accounting professional, it’s always a challenge to best present your client or employer’s month-end and year-end balance sheets.

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All you need to know about company and trademark registrations

For many years, company registrations was a lucrative business for those in the know. Fees of R2 000 and more were charged, but that all changed when the Companies and Intellectual Property Commission (CIPC) took its services online.

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Accountants are prime targets for cyberattacks

Hacking methods are continually evolving as fraudsters find new ways to execute attacks. No matter how secure your accounting firm is, there will always be the possibility of a data breach, as a new method could penetrate your company’s security system. Accounting firms therefore need to evolve their security parameters over time to tackle the newer methods of attacks.

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It’s time for disaster recovery, and accountants are first responders

Disaster preparedness begins with a well-crafted personal financial plan based on your family’s values and goals. Ideally, you should develop a financial strategy with the help of professionals such as your family attorney and a financial specialist. These professionals can help you make informed, thoughtful decisions about your family’s present and future financial activities.

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What would happen if SA adopted the Chinese model of public accountability

From Accounting Weekly: Public officials guilty of wrongdoing would have their personal assets liquidated to pay back the Treasury. The most recent Auditor General report into the finances of 430

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7 tips for transforming your accounting practice into a digital practice 

At Fathom we speak with accounting firms of all sizes every day. From those sole pratitioners just starting out to Top 100 firms, everyone is looking to become a digital practice and is looking for technology that helps them achieve this.  

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Boost your accounting practice with Google reviews

When it comes to establishing client trust, let your clients do the talking for you. A good review by a client says far more about you than you could possible do yourself. There is an easy way to accomplish this, as Kyle Walters of Accounting Today makes clear.

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