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6 Must Have Technologies For Every Accounting Professional

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In order to become competitive, improve efficiency and expand business operations, following are the must-have technologies for accounting professionals and firms.

Published in: Economy & Finance

6 Must Have Technologies For Every Accounting Professional

  1. 1. 6 Must Have Technologies For Every Accounting Professional
  2. 2. Technology is rapidly changing the way we think, live, work and control business. With the advancement in technology, accounting industry is also witnessing a major transformation.
  3. 3. With the advent of cloud and mobile technology, accounting industry is able to achieve a massive facelift in terms of - performance, convenience, and effectiveness.
  4. 4. In order to become competitive, improve efficiency and expand business operations, it's vital for accounting professionals to understand and use the advanced technologies. Here are the 6 must-have technologies:
  5. 5. 1. Website Websites give your business a global exposure and strong online presense - giving customers and prospects to know what your business mean and how they can engage with your business. If accounting professional want to succeed, they need a mobile and user-friendly website with up-to-date content, tutorials, blogs, videos and clear call to action. It not only helps them in engaging their existing clients but also helps convert traffic into business leads. Recommended Reading: Why Do Accounting Firms Need a Website?
  6. 6. 2. Cloud Technology Cloud technology dominates in the must have technologies for accounting professionals. It not only gives the ability to access their data and applications anywehere, anytime but also improves collaboration by sharing and viewing up-to-date data by multiple users simultaneously. This can help them in taking better business decisions, save time and cost, which can be used in other functions of their business. Recommended Reading: [Infographic]: Benefits of Cloud Computing for CPA Firms
  7. 7. 3. Accounting Software The paper based and Excel accounting are dead and out. Accounting professionals must have modern accounting software such as QuickBooks that have business specific features, better integration with third- party tools, scalabilty, remote access, better reporting and customization. Recommended Reading: Top 10 Reasons to Upgrade Your Accounting Software
  8. 8. 4. Social Media Who doesn't want to be at a hub where all their possible customers and like- minded people are? No one! Social media is creating a huge opportunity for accounting professionals to stay up-to-date and connect with their clients and prospects. It's also becoming an important tool for client servicing and brand building. Recommended Reading: So ial Media a e The Ga e Cha ger for SMBs
  9. 9. 5. Mobile Technology Mobile devices such as smartphones and tablets are the technologies that allow instant and remote access to business mails, data and application - anytime, anywhere. The mobile technology allows accounting professionals to connect with their clients, access and share data and make decisions in real time. For example, they can pay business bills on the go using application such as Bill.com on their phone. Recommended Reading: Cloud Computing Trends: Impact on Mobile Technology
  10. 10. 6. VoIP Technology Right shape of communication enables businesses to instantly deliver services and context with the customers. Since the Internet becoming more interwoven with business practices, accounting professionals should use VoIP as their mainstream communication technology. It provides a consolidated platform that provide features such as audio and video conferencing, unified messanging, e-faxes and voice calls. Recommended Reading: 4 Time Saving Tips for Startups and SMBs
  11. 11. Are you using any of these technologies for your accounting?
  12. 12. About Us Ace Cloud Hosting is an Intuit Authorized Premier Reseller and commercial host for QuickBooks software and application Hosting provider to CPAs, SMBs, Bookkeepers. To know more, please visit: www.acecloudhosting.com Or call us at: 1-855-219-0431
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