Cloud Accounting Software Offers Good Alternative To Traditional Software

The way of the world in all industries is now mobile. People are on their phones or laptops to complete work for their companies even if they are not in the office space. This can lead to more work being completed and faster response time to customers or clients. For those in accounting, sometimes this may not be possible, depending on the software your company has chosen to keep track of data, you may be stuck at the office. Types of Accounting Software Accounting software is a strong tool for those who are part of an accounting company. According to Finances Online, it cuts the tedious work of filing everything…

Cybersecurity Tips for Accounting Firms

Accounting firms are ethically and legally obligated to keep their clients’ information and data protected. Due to a recent increase in cyber attacks, accounting firms need to be prepared to defend their valuable information against sophisticated breaches. According to Accounting Today, there are many preventative measures that can be taken by accounting firms, but three actions in particular help create a sufficient plan against major cyber attacks. Beyond implementing data protection software, knowing how to use the software properly is necessary to ensure utmost protection.   Educate Employees The first step to any problem is acknowledging the situation. It is important for large accounting firms that employ thousands of employees…

Cybersecurity Tips for Accounting Firms in 2018

  It’s hardly a revelation that accountants and accounting firms hold sensitive information about their clients. From social security numbers to addresses, hackers are constantly seeking to obtain sensitive data, a task that can be alarmingly easy if firms don’t have proper cybersecurity measures in place. That’s why accountants need to be motivated now more than ever vigilant about protecting their client data. In fact, a recent study showed that in the last year 500 million financial records have been stolen in data breaches and other hacks.   Small accounting firms may think they can be protected by the veil of obscurity, but hackers  often aim for small firms precisely…

Technological Transformations in the Accounting Industry

Technology is transforming a variety of industries, and the accounting industry is definitely in the mix. In fact, accounting firms that hesitate to update their technological resources may risk losing business or potentially closing their doors for good. There are three types of accounting firms, according to Jon Baron, a writer for Thomson Reuters, and roughly one-third of them are dooming themselves to extinction by not embracing change and technological transformation.   According to Accounting Today, in a keynote address to the 1,700 attendees of the company’s annual user conference, Synergy 2017, the managing director of the professional segment for Thomson Reuters’ Tax & Accounting business broke the profession down…