The document discusses the challenges and benefits of using a unified accounting system called 'One Ledger' for client data processing. Pros include enhanced efficiency and client collaboration, whereas cons involve issues with integration, consistency, and differing client systems. It emphasizes the need for data analysis benchmarks and performance comparisons in accounting practices.

1. SYNCDIRECT
Automated, anytime access to client data
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2. THE ISSUE
How to streamline processes across a range of technologies?

4. THE RESPONSE

5. ONE LEDGER
“THE ACCOUNTANT DOES ALL PROCESSING
IN THE SAME SYSTEM AS THE CLIENT”

6. APS CONFERENCE 2013 One Ledger Realities
One Ledger Pros:
- More efficient
- Reduced re-keying of data
- Single source of truth
- No alignment journals
- Client collaboration and advisory opportunities
- Anytime access to data

7. APS CONFERENCE 2013 One Ledger Realities
One Ledger Cons:
-Less efficient
-Unable to get all clients on one system
-Perception of value and fee pressure
-Consistency and quality of reporting output
-Separate process, skills and training required
-Lack of integration to internal workflows
(Tax, working papers, document management)
-Commoditisation – difficult to differentiate

8. ONE PROCESS
“THE ACCOUNTANT PROCESSES ALL CLIENTS USING THE SAME
ACCOUNTS PRODUCTION SYSTEM”

10. SOFTWARE
DEMONSTRATION

11. DISCUSSION AND
QUESTIONS?

13. Data Analysis – Benchmark vs. Industry Average

14. Data Analysis – Ledger KPIs

15. Data Analysis – Client Fees vs. Performance