At MYOB, we have long been advocates for what we call the ‘Connected Practice’; freeing up the more process-driven parts of the accounting role to allow firms and practitioners more time and a better baseline for value-adding advisory services; this is coming to light as we predicted.
When the majority of Australia’s high-performing accounting firms are seeing more growth from advisory than traditional accounting services, you know the times are a-changin’.
Shifting an accounting and bookkeeping services offering towards advisory is a journey that’s traditionally full of roadblocks. But those are starting to lessen thanks to new tech.
The rate of technological change in accounting is staggering, but there’s at least one independent event that’s helping accountants, bookkeepers and advisors to stay ahead of the curve.
At this year’s MYOB Partner Connect, a split panel of judges couldn’t decide between two enterprising champion advisors, offering them both the title of MYOB Certified Consultant of the Year.
We’re increasingly finding new ways to describe the role of today’s bookkeepers but building a sustainable future in the space requires more than savvy rebranding.
While avoiding new tech adoption might make sense to some accountants in the short term, it’s only hampering their chances at an exit in the long run.
Accounting practices need to reconsider their practice business model – in particular how they invoice, accept payments, protect against fraud, and monitor emerging payment trends.
John Smit says he owes his punctuality to being the son of a Dutchman. But it’s more than time management that allows him to run a successful accounting practice on his own.