Accountants need to be tech savvy for their practices to be at the forefront of the technological changes that will come in the next few years.
Technology is what will change the world of accounting the most in the next few years. Choosing the right software solutions for your practice and learning how to make the most of it will bring you a competitive advantage.
However, in order to make the most of your tech set up, your staff needs to have a particular set of skills. If you are looking for new people to join your firm, or if you are looking for new training opportunities, these are some of the most important skills everyone in your team should have if you want to make sure your practice stays at the forefront.
Accountants will need to acquire and refine their skills to make sense of the large amount of useful financial information they have at their disposal.
Your practice has access to a great amount of data from your clients. All business transactions and financial activities leave behind a trace that can be used with the right skills and data analytic tools.
If you want to make the most of it, you need to learn to sift through this data and analyse it, offering your clients key points of action to help them thrive and make the best business decisions.
The time accountants might be saving thanks to the automation brought by accountancy software could and should be spent meeting clients more regularly.
There are many benefits from speaking with clients on a regular basis and meeting them face to face. Brushing up your communication skills will allow you to communicate complex topics and concepts more effectively.
Technology keeps on evolving, alongside new compliance requirements, which is why accountants need to make sure they are tech savvy. The digitalisation of the tax system is just the beginning, and new software is developed all the time. By learning to navigate all the available options, you will be able to find the tools that work best for you and your clients.
While it is important to be tech savvy to make the most of the technology available, choosing the right technology solutions can make a huge difference. Tools that are future-proofed, reliable and affordable are key to make your practice sustainable and ready to face any challenges the future might bring.
Online accounting software that helps your clients get VAT ready, manage their finances and automate and streamline workflows is one of the tools that will make the biggest difference in your firm.
Additionally, digestible reports are becoming essential to add value to your clients and help them make the right business decisions.
Zoho Books offers you easy insights into your clients’ business with 50+ reports to make inferences and create robust, up-to-date business plans. These fully customisable analytic tools are as powerful as they are easy to use. You can find more information here.