Staying Ahead of the Technology Curve at a CPA Firm

CPA firms wishing to be successful in today’s digital world must prioritize and invest in their technology and stay ahead of the curve in order to deliver the experience their clients expect. Entire businesses are living in the cloud, and CPAs and accountants in general should be no different. For us to serve our business clients well, using technology to its full potential is key.

Accessibility

You’ve heard “all roads lead to Rome,” and in today’s world, all roads lead to the cloud. Why? Simply because the cloud makes nearly everything accessible with just the click of a mouse or a tap of the fingertips. This accessibility is allowing CPAs to interact with their clients in much more efficient and effective ways. Platforms like QuickBooks, iSolved Online allow CPAs to work collaboratively with their clients at the same time from potentially different locations. Both parties are able to work from the same set of books, reducing the number of frequent changes and adjustments previously made by the CPA when the time came to balance the accounts. In this way, CPAs can tackle more complicated projects with their clients because both are reviewing the same set of numbers in real time.

CPA firms that have not moved to cloud-based solutions will need to make it a priority not only for their clients’ benefit, but also for their own. The accessibility the cloud delivers would drastically change the way a CPA firm works with their clients if they are not previously using a cloud-based program. It is important to understand the modern client wants accessibility and transparency. This cloud technology helps to provide your clients with that experience.

This post is originally published by Natalie Hoffmann, she is the president of leading payroll service company HK Payroll Services, Inc. (HKP) and partner at Honkamp Krueger & Co., P.C. (HK). With over 30 years of experience in her field, Natalie has written for several publications on the topics of business, accounting and payroll technologies.