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Simple Steps to Master Accounting Task Plan Templates
Creating accounting task plan templates makes your life even easier. How? Before beginning any new client project, starting with a plan is a good idea. Specifically, an accounting task plan. It’s even more helpful if you’re trying to better communicate with clients, colleagues and others. Why not just write it down in Excel or Word?
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Time is the Most Undervalued Currency
Time is the most undervalued currency. Unlike most variables in your personal and professional life, time is a commodity that is continuously within your grasp yet slipping away and zapping your energy reserves one hour at a time. This makes us a slave to the clock rather than trying to master it. From a new
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Why accountants need AML software
Accountancy also plays a vital role in the financial system, facilitating monetary transactions that underpin the UK economy. Therefore, accounting practice managers must ensure that their accountants and services are not used for any unlawful purpose. Let’s talk about why UK accountants need AML software. All accountancy practices in the UK must act honestly and
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Communication in accounting
Communication in accounting is important for effective collaboration, a no-stress work environment, and Post summary: Collaborative accounting model Communication in accounting as a soft skill Accountancy is evolving How collaboration reduces workplace stress Most accountancy jobs today require candidates who can demonstrate strong soft skills. One of the most important soft skills is communication, even
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Why going big isn’t always good for your accounting firm clients
“Go big or go home!” says the popular phrase. Yet, achieving greatness isn’t always ideal for your accounting firm clients. Let’s talk about why. Compared to SMEs, corporate enterprises appear to have it made. They have all the financial resources, talent, and access to a network of willing customers. Even most software providers usually tailor
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Fair accounting salary by using time tracking
Would you believe if you were told that your accounting firm was losing £8,665* per employee per year? (currency used for example) It’s very important to ensure a fair accounting salary to your employees. The easiest way to do this is by time tracking. Feedback from Uku users has highlighted that they recovered this amount
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How Digitising Accounting Boosts Accountants’ Mental Health?
Accountants are feeling a tremendous amount of stress and emotional overload, and a low point in their mental health right now. They have seen an increase in heart-breaking cases of clients whose businesses are suffering due to the COVID-19 pandemic and, in several instances, on the verge of collapse. Such stories take their toll on
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How to price accounting services?
We know that many of you (especially those of you who have started your practice recently!) find it difficult to establish the price list for your services. Here’s how technology can help. When you start a new practice, deciding how much you should price for accounting services is difficult because you need to take many
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Why effective client communication is important
You don’t need us to tell you that nurturing your client relationships is essential to the survival and growth of your accountancy practice. However, the last few months have changed many things, including how you can communicate with them and the frequency with which they expect you to update them on the latest developments. Here
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Upskilling accountants – what’s it about?
According to research, by 2030, automation, digitisation, and artificial intelligence will cut jobs by 29% while contributing as little as 13% to job creation. How can we improve? The solution is upskilling accountants. Whether you are an accountant or the manager of an accounting firm, let’s discuss how to beat technology in this space race.