As an accountant, one of the most important ways to help your clients achieve business success is by developing robust financial forecasts. Financial forecasting is the process of estimating the future financial performance of a business by using past financial data, current trends, and economic conditions, and combining this with financial modelling to determine predictions … Read more
What do you need to know about data security? Accounting firms are responsible for a wealth of sensitive client information such as tax file numbers, bank account information, and financial data, making them a prime target for cybercriminals. The loss of clients’ sensitive information can have devastating consequences for the client and the accounting firm. … Read more
There have been some exciting developments in the accounting industry in recent times. Most notably, advances in technology are reforming accountants’ roles. Far from making accountants redundant, it is creating opportunities for accountants to add high-value insights, focusing on more strategic and advisory roles to aid in decision-making and improve the bottom line for business. … Read more