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.
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.
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.
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.
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.
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.
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.
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.