survey: fewer field auditors carry scanners
could better smartphones be why?
technology
remote deposit saves 130 hours per year
use enough services and your fees will fall.
by roman h. kepczyk
quantum of paperless
one of the easiest processes to convert to paperless with an immediate roi is the firm’s system for depositing client checks.
more: survey: 76% of auditors rely heavily on remote access | digital swap stems ‘overauditing’ | survey: vertical monitors not the norm yet | survey: 53% of firms deliver tax returns digitally | why a digital tax workflow system is vital
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manually receiving and physically going to the bank to deposit checks can be time-consuming and subject to too many errors. the manual procedure requires firms open mail on a daily basis, make copies to file in a binder, complete deposit slips and then send a person physically to the bank, which can easily take a half hour every day, five days per week, 52 weeks per year.
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survey: 62% of field auditors use multiple monitors
plus their top 4 brands.
going 100% digital
pssst … here’s a way to get owners comfortable with portals.
by roman h. kepczyk
quantum of paperless
improving firm efficiency means that the owners have to get on board. one of the more obvious opportunities is the delivery of the firm’s own financial reports.
more: enter t&e daily | survey: 62% link audit, tax software | digital swap stems ‘overauditing’ | optimize scanning procedures | why a digital tax workflow system is vital | how long do you need that file?
many firms still print a hard copy of the monthly financials and distribute them to each owner, many of whom physically store these documents in a binder or drawer in their office.
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blockchain: what you need to know now
20 key concepts for now. 5 key questions for the future.
by hitendra patil
accountaneur
social media. big data. automation. artificial intelligence. machine learning. there is already a lot of technological impact on the accounting profession. now comes blockchain.
more: the what, why and how of artificial intelligence for accountants | the client of the future | the rise of the robot accountant: opportunity or threat? | six never-before opportunities for the accounting profession | urgently required: a new definition of accounting | certified blockchain accountant: from cpa to cba
as a cpa, should you worry about blockchain? let’s examine.