accountsnext

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Accounting Firms The Next Generation 

• info_at_accountsnextgen.com.au

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Top 4 Accounting Trends prevailing currently and
are expected to rule the future 

• Cloud accounting 

• Blockchain

• App Integration

• The accounting world's latest trend is shifting
  towards a cloud-based system to reduce overhead,
  and IT cost. In the cloud accounting system, the
  software is provided on various server stations
  of the company, and the accountant has to upload
  the data on it simply. The data will be processed
  there and sent back to them. This system also
  provides e -format documents from the web, which
  are easier to collect and use. The system also
  helps in securing the data from hacking and other
  risks of data losses.

• Another trend to look for transformed accounting
  and auditing is blockchain. It is a significantly
  advanced method for transferring money and
  managing finances. This digital ledger technology
  is a secure technology that directly transfers
  funds to the recipient without any mediator.
  Every transaction done through blockchain has its
  unique code, which is entirely unalterable. The
  blockchain information cannot be hidden or
  deleted once the transaction is done, it is
  stored forever.

• Smartphones have become a massive trend in the
  last 5 to 6 years. People are spending more time
  on the internet, and various service apps have
  also been invented with the help of technology to
  make things easier for the economic sectors. Many
  mobile accounting apps are now on play store that
  is used to make the bookkeeping, invoice, and
  finance statements more accessible. 
• This has led to quick and smoother networking,
  making finance firms more productive and more
  reliable than ever.  

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Artificial Intelligence and Automation 
Finally, the use of artificial intelligence and
automation technology gives the finance sector a
new height of success and quickness. The
emergence of advanced artificial intelligence
technology is mitigating the workload from the
accountant professionals that used to be done
manually. However, several reputed accounting
firms like Accounts NextGen have already adopted
the AI-based working process to step ahead in the
accountancy sector.   The Automation and AI-based
work have drastically eradicated the percentage
of errors from work and made the invoice capture,
bank reconciliation, and data entry and CRM more
strengthen than ever.
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Conclusion
Accounts NextGen is one of the most popular and
reputed firms that offer services considering the
technical aspects mentioned above. The excellent
finance services with incredible records make us
more accountable and add significance to our
reputation. All firms must adopt these new trends
for the new generation of the finance sector. 
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THANKS FOR WATCHING
ACCOUNTS NEXTGEN LEVEL 19, 180 LONSDALE STREET,
MELBOURNE, VIC 3000, AUSTRALIA INFO_at_ACCOUNTSNEXTGE
N.COM.AU WWW.ACCOUNTSNEXTGEN.COM.AU