On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will supersede the UK Data Protection Act of 1998. This week, we discuss what you need to know about the GDPR regulation.
Technology has made the modern CFO. Before, CFOs were considered curators of the books. They check whether the company’s records are up-to-date and if they contain the right figures. As technology progressed, CFOs have forwarded these tasks to advance software with real-time automation capabilities to focus on those that require their attention more.
Inefficiencies prevent your accounting staff from responding quickly to the demands of the business. Making the best use of your accounting staff is crucial in building a scalable accounting practice. It’s important to make sure that your operational processes and procedures are efficient and productive. Therefore, it’s your duty to implement initiatives that promote accounting process improvement.
What makes a great accounting firm? Wide-ranging service offerings? Finance and accounting services continuity? A reliable corporate structure? While there are a lot of factors that separate good firms from great ones, finance and accounting professionals will always play indispensable roles in building the best accounting firms in the world.