Cloud Computing - Our 3 Favourite Reasons Why This Is Good For Accountants
Fact - We love Cloud Computing at PJW Accounting!
Fact - The world of accountancy practice has never changed more quickly than it has in the last few years.
These changes look only to only increase in the next few years and many are expecting a revolution in the next 5 years as many accountants experience:
- Reducing value of compliance work
- Reduction in client loyalty
- Increase in fee comparison shopping
- Pressure on charge out rates and charge-ability
- Competition from online and automated services
BUT what is the answer to the issues above? For us it is Cloud Computing!
What Is Cloud Computing?
"Cloud computing is a model for enabling ubiquitous, convenient, on demand access to a shared pool of configurable computing resources. Cloud computing and storage solutions provide users and enterprises with various capabilities to store and process their data in third-party data centres. It relies on sharing of resources to achieve coherence and economies of scale, similar to a utility (like the electricity grid) over a network. At the foundation of cloud computing is the broader concept of converged infrastructure and shared services."
Our 3 Favourite Reasons Why Cloud Computing Is Good For Accountants
- Automated bookkeeping save hours of tedious work for both clients and accounting practices.
- High value ongoing services can be provided with new technologies to our clients such as management accounting and business reviews
- Both ours and our clients cashflow are improved with automated services that help get those invoices paid.
Three bonus reasons why cloud computing is good for accountants are:
- Accountants become more effective and profitable as a result of embracing technology platforms like Xero.
- You have more capacity to grow your practice by taking on more clients.
- You have more time (which we love) to give the best tax advice to our clients helping to not leave a tip with the taxman!
Going paperless with cloud computing systems like Xero is perfectly allowed by the taxman (the guidance is over 17 years old from HMRC!) and improve your green and environmental credentials and show you are serious about corporate social responsibility for your business.
Our Cloud Computing For Accountants Call To Action
We will be speaking Friday 27th November at "The Future Accounting Practice and The Death of the Traditional Accountancy Revenue Model" at the Business Solutions Centre on Wolverhampton Science Park.
- WHEN - Friday, 27 November 2015 from 09:30 to 11:30 (GMT)
- WHERE - Wolverhampton Science Park - Business Solutions Centre, Glaisher Drive, Wolverhampton WV10 9RT
- WHY - "Attend this short seminar to learn how you practice can be competitive in the new age of accounting services. Included in the speakers will be Paul Woodcock, a local accountant who will be speaking about how technology has changed his business for the better. As well as an overview you will also be able to to hear from the leading providers of cloud, reporting and automated accounting services software including Xero, Crunchboards and Chaser."
- HOW TO BOOK - Click this link - it's free to attend if you are an accountant!
So if you are a West Midlands based accountant or technologist come come and say hello on 27th November and share the cloud computing love!
If you know of any other reasons why cloud computing is good for accountants that can be shared with our readers then let us know via the comments or through LinkedIn.
Don’t be shy about using cloud computing for your business. It is good for you, your bottom line and your business!
The PJW Call To Action
If you want to talk to us about using more of our top tax tips to help your business save real money then do the following:
- subscribe to our blog
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- email us at firstname.lastname@example.org
- call us on 01889 586431
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Remember - Don’t Leave a TIP with the Taxman!