3 Accounting Trends that Won’t Go Out of Style

Episode 112. In today's news episode, we discuss "3 Accounting Trends That Won't Go Out of Style."

We agree 2 of these trends! Original source of this piece below. Key takeaways from this episode include:

why accounting remains the language of business, and why not all accountants play on this fact enough

how the best accounting professionals are able to not just report on the data but tell the stories behind the numbers

why cashflow is like oxygen for small businesses, but accountants don't always see the issues for their clients

the big 'intimacy problem many small business owners have with their accounting advisors

why behind every great entrepreneur there is not always a great accountant

how the 'great resignation' has led to the 'great re-evaluation' for many accountants

why 'doing more with less resources' should be the goal for accountants by using technology and automation

the proof that many accountants do not actually care about their clients

how too many accountants simply fulfil instructions and fail to provide insights for their business clients

Source: "3 accounting trends that won’t go out of style"

https://www.accountingtoday.com/list/3-accounting-trends-that-wont-go-out-of-style

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NOTE TO LISTENERS:

The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes.

Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen.

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Every Thursday the show gives you a practical 'here's what works' tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up.

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