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Trends Shaping the Future of Accounting Industry

Accounting has changed a lot. Earlier, it was considered to be a time-consuming field. But now the trends which have set or will be set in the near future will change the fate of the accounting industry completely. More info: https://goo.gl/dN83JK

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Trends Shaping the Future of Accounting Industry

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  1. Top Trends Shaping the Future of Accounting Industry From its origin, Accounting has changed a lot. Earlier, it was considered to be a time-consuming field. But now the trends which have set or will be set in the near future will change the fate of the accounting industry completely. Top ten trends that able to change the future of accounting are listed below: 1. Cloud: Cloud based accounting increases collaboration, accessibility and shares the real-time information. It helps the small businesses to achieve world class cost at a very low cost. 2. Tech savvy accountants: Businesses nowadays are not just demanding the accountant. They want an employee who does not know just accounting but also

  2. understand the basic aspects of IT technologies. Business owners are looking for the guidance which can improve the progress of their business. 3. Mobile: As the EC and IT industries are advancing, the gadgets are getting narrower and narrower day by day. Almost 50% of the total population in the world uses mobile internet. So to take benefit of this handy technology, many businesses have launched the mobile application. This has resulted in increasing the accessibility to the consumers and consequently the profit. 4. Social: Social media is a platform where the accounting professionals can talk and share information with each other. The client power is also increased by this trend, as they can directly contact to the professionals. 5. Monopoly: People nowadays find the accountant by online search. They don’t rely on the accounting professionals residing in the nearby area. The choices are increased because of this trend. That’s why you have to be proficient in your work in order to regain your customer. 6. Collaboration: Thanks to the high-speed internet, the professionals now can arrange the meeting even on video conferencing. They don’t have to meet physically to take action upon something. This trend is getting popular from last few years.

  3. 7. Online Identity: An online profile of is a basic requirement to make an impression on anyone. If people do not find your profile interesting or trustworthy, they will straight away discard you. Fair enough? 8. Automation: Business owners are always looking for the cost-cutting. They use the most efficient software. The software () which helps the user to work on itself so that they don’t need to hire a person for it. 9. Freelancing: Many businesses have started giving the work to freelance accountants. They don’t want to hire a full-time employee for that. It somewhat reduces the fixed amount they are giving to the hired accountant. Try free QuickBooks Hosting to manage your accounting anywhere, anytime and any device with help of the Techarex Networks. Thank You For Quickbooks Hosting Call Toll-Free: 1-855-909-3300 E-mail: support@techarex.net Or Visit: www.techarex.net

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