here are some highlights, but note that percentages related to “all firms” are heavily skewed to firms of under 10 employees, which accounted for 66 percent of respondents:
walmart is expanding its air war against amazon, planning to reach 4 million households by the end of the year.
by rick richardson
walmart, the brick-and-mortar retail giant plans to offer the service from 34 locations in six states. when the service started, only a single store in arkansas offered it. however, the retail giant hopes to reach up to 4 million households by the end of 2022.
droneup, a company in which walmart has invested, will operate the service between 8 a.m. and 8 p.m., delivering packages weighing less than 10 pounds. there will be a charge of $3.99 for the delivery. once received, the order is boxed and a droneup pilot flies the drone to the customer’s location, easing the box gently down on the front lawn with a claw-like device at the end of a sturdy cable.
backing up to the cloud is in a curious position. it’s the most popular primary system for accounting firms, but it’s on a decline, whether it’s handled by the firm or a vendor.
cloud backup was chosen by 37.3 percent of respondents to the accounting firm operations and technology survey, down from 42.3 percent.
one of the biggest decisions an accounting firm can make is a choice of tech product. whether it’s a third monitor for everybody or a tax app appropriate to the firm’s size, it’s an expensive decision that can cause headaches in the short term or continued costs in the longer term.
the annual accounting firm operations and technology survey, using data from 2021, tracked data on preferred hardware and software brands. here are some of the most popular tools. read more →
innovation insights: the future of audit is risk advisory, according to jin chang. to recruit, the profession must shift focus from manual work to advisory work.
because audit work is nonlinear and highly complex, disparate workflow systems in audit are not only an it risk, they’re also a project nightmare. jin chang, the founder of fieldguide, explained to donny shimamoto that the end-to-end project has many workflows that need to be templatized and automated along the project life cycle.
innovation insights is a center for accounting transformation production, presented by 卡塔尔世界杯常规比赛时间.
he added that the best way to recruit is for the profession to shift from manual work to advisory work.. further, while financial reporting has always been a risky area, people in business today are caring about many other risk areas and choosing to do business with other companies that also subscribe to their values from supply chain to deliverables and beyond.
an external consultant is an answer 30.9 percent of the time, for projects or as needed, with a managed service provider taking on the rest. of respondents who handle things on their own, 80 percent are solo practitioners, while full-time it staff or an it department are 60 percent likely at extra-large firms. read more →
checklist: the five best ideas for winning the tech wars.
by 卡塔尔世界杯常规比赛时间
solo practitioners enjoy certain privileges. they can set their own hours, pick their clients, work at their own pace, dress in office grunge, nap at will and take their dogs to work.
but when it comes to tech, solos can be challenged. they may know accountancy and their clientele better than anybody in town, but when it comes to tech, they don’t know
what’s out there,
what’s coming down the techno-pike,
how to use new apps and
whether the latest stuff is worth paying for.
and they tend to run their hardware into the ground, investing in new tools only when they have to. read more →
covid-19 and its variants forced a number of challenges upon the accounting profession. accountants are telling us that tops on that list were communication and workflow, at 49.4 and 49.1 percent respectively. even solos felt the burn, at 40.6%, so it wasn’t all internal communication to blame, although large firms of 51-100 felt it most sharply, at 60%.
survey results
top corona problems: communication, workflow, and digitizing paper top the list.
some responses that didn’t hit the top six still were notable. postal mail was called out by 21.9 percent, including 40 percent of solos and 33.3 percent of large firms. solos also reported phone calls and lost income at 24.6 percent. despite most groups saying lost income was a challenge, relatively few put that figure anywhere near the one for paying bills, except extra-large firms noting 11.8 percent difficulty with lost income and 5.9 percent with paying bills.
the latest data from atomik research’s 2021 client expectations study shows that cpa firms without portals, apps and solid security face a high probability of losing clients.
overall, a staggering 78 percent of small businesses say they would consider switching accountants to one that uses “the latest technology.”
they aren’t necessarily expecting the latest in accounting software, but a burgeoning majority think an accountant with a portal might suffice to get them to jump the fence. read more →
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three ways to fix the program.
cch, quickbooks among leaders in software.
