Businesses are rapidly embracing the shift to mobile finance and accounting (F&A). More F&A functions can now be done at the comfort of your fingertips. However, with increasing cybersecurity threats, mobile finance users are being more cautious in using these finance and accounting security mobile applications. Here are the top mobile device threats that the finance and accounting industry should be aware of:

The smartphone is the most used device to connect to the rest of the world.  Google reports that more than 50% of search queries in 2018 came from mobile devices. With an increasingly secure mobile world, more people are inclined to use their devices to carry tasks that involves banking, finance, and accounting. As the demand grows, developers are creating new functions that can be done through mobile devices. In this feature, we look into the latest mobile accounting software and how they can help small business manage their finances better.

In 2018, the European Union changed the way its citizens proceed with payments. The PSD2 (Second Payment Serviced Directive) ends the monopoly of banks on their customer’s data and allows third-party payment services to access your bank account information, with your consent. But what would this mean for your business? What exactly is PSD2? What is open banking? And how do these two terms differ from one another?  

If you’re reading this because you have just launched your startup - congratulations! Starting your own company is a big step forward. It takes a lot of grit, hard work, and patience to get to this stage. What comes next is gaining traction and clients. These two things demand time and effort, restraining you from focusing on administrative tasks such as human resources, IT support, and finance and accounting (F&A).

The finance and accounting (F&A) industry is now as competitive as ever. Accounting firms are coming up with interesting services and delivering solutions that innovate the way professionals carry out their tasks. They are also pouring in their resources to access the latest accounting technology and edge out the competition.

Outsourcing is a wonderful way to minimize your firm’s operational cost, maximize your time, and give your clients the attention that they deserve. Outsourced accounting firms are here to help you get all these benefits and more. But which of your services should you delegate first? Here are a few suggestions to make the most out of your outsourced accounting services: