Remote team collaboration can be challenging, especially if your organisation hasn’t done it on a large scale before. Letting a few employees work away from the office occasionally is one thing, but transitioning a large share of your workforce to remote work requires formal planning.

Ask any accounting professional about their top concerns and undoubtedly security will be near the top of the list. This shouldn’t be surprising given the sensitive nature of the information they consume and share every day.

Every organisation relies on communication to keep its members connected and business processes on track. What is internal communication? You can read our in-depth internal communication definition here, but in short, it’s the collection of interactions that occur between an organisation and its employees.

Businesses are always seeking ways to better communicate with their customers and clients. But what about their employees? Open communication is essential to keeping employees engaged (which in turn leads to keeping customers happy).

Process improvement is the modification of business processes to address changes in business needs, market demand, technology, and other factors. This practice is prevalent in organisations of all sizes across industries, including accounting firms and businesses with dedicated accounting functions.

Remote work has been on the rise for years now (and thanks to the pandemic, it’s only become more prominent). One study indicates that 74% of professionals expect remote work to become a business standard.

A successful accounting function takes more than simply recording and reporting financial data. Sometimes you need to take a step back and look at the bigger picture of your business—what steps can you take to better support your accounting work?

Accounting compliance means ensuring a business’s financial reporting is accurate and in line with current laws and regulations. To ensure this accuracy, it’s important to have clear processes and procedures for recording and verifying financial transactions.

Business workflows and processes are operational necessities. Without them, employees will complete tasks in whatever way they see fit, which will undoubtedly be different than how others complete the same tasks. This workflow chaos leads to inconsistent outcomes and unpredictable results.

While the foundational principles of accounting are still applicable, technology has transformed much of the way accountants perform their duties. The transition started with the introduction of traditional, on-premise accounting software (not cloud-based).