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Accounting

The Accountant’s Guide to Blockchain Technology

June 25, 2024

Blockchain technology has recently captured significant attention, especially with the rise of cryptocurrencies. While the financial ups and downs of crypto trading often dominate headlines, blockchain’s underlying technology is solidifying its presence and evolving rapidly. Though blockchain is the backbone of cryptocurrencies like Bitcoin, its implications and potential applications extend far beyond digital currencies. Accountants, […]

Accounting

What Should Accountants Do About Artificial Intelligence?

June 21, 2024

Many consumers associate artificial intelligence (AI) with tools like ChatGPT. While ChatGPT and similar generative engines are examples of AI at work, there is much more to AI adoption than just these applications. Currently, people have yet to determine precisely how AI will affect our lives and careers in the near future, let alone over […]

Accounting

The Modern Firm’s Guide to Cloud Accounting: What You Need to Know

June 14, 2024

The shift towards cloud accounting is a significant trend in the financial sector, with more clients expecting their accounting firms to embrace this technology. Not adapting to this expectation can lead to a loss of clientele and referrals. A recent survey by BILL highlights this trend, revealing that 64% of small and midsize business clients […]

Accounting

5 Steps for Creating a Written Information Security Plan (WISP) in Your Accounting Firm

June 7, 2024

Creating a Written Information Security Plan (WISP) is not just a regulatory requirement for accounting firms to renew their Preparer Tax Identification Number (PTIN); it’s a crucial step in safeguarding sensitive client data against increasing cyber threats. A WISP serves as both a blueprint for your cybersecurity strategy and a commitment to maintaining the highest […]

Technology

Enhancing Your gotomyerp Experience: Seamless Printing Solutions with TSPrint

April 25, 2024

In today’s digital age, managing printing tasks can be challenging, especially for businesses utilizing cloud-based services for their accounting software. At gotomyerp, we understand the hurdles our clients face when trying to print directly from cloud-hosted applications like Sage 100 and QuickBooks. Traditional print redirection methods through Terminal Services have often been frustrating due to […]

Accounting

Embracing AI in Your Accounting Firm

April 18, 2024

Integrating Artificial Intelligence (AI) into your accounting practice can seem daunting, especially given the mixed feelings and apprehension surrounding its adoption. Despite fears and uncertainties, AI offers significant advantages that can revolutionize your firm’s operations, enhancing both efficiency and service quality. Here’s a guide to help your accounting firm start using AI effectively, minimizing fears […]