The idea of online accounting software is clearly not welcomed by some accountants who see it as a threat to the money they make from tax returns.
Often it’s the fear that holds accountants back from exploring how online accounting can change their business. In the US this feels like the prevailing position, while in other parts of the world, especially Australia and New Zealand, accountants are forging ahead.
It’s true that accountants who have embraced online accounting are making less from tax returns and compliance. But they are making much more money by selling more interesting consulting work.
No accountant I’ve met has regretted embracing online accounting. Yes, it requires change, and change can be scary. It can also be an opportunity for personal development and financial success.
I caught up with some great accountants at QuickBooks Connect here in San Francisco and asked them two questions. How has online accounting changed their life as an accountant, and what difference has it made to their clients.
Check out their responses in the video below and hear their stories. I’ve listed them (alphabetically) below; take a look at their websites and how they have restructured their businesses.
Online accounting is not optional; in a matter of years it will be the only way to buy accounting software. Move with the times and enjoy a better way of working. If you stick with only doing tax returns, it’s just going to get harder.
- Diane Lucas, Direct Management @dianelucasqbo (Australia)
- Josh Zweig, Live CA @LiveCA (Canada)
- Lauretta Finis, Quick Bizness Bookkeeping Solutions @LaurettaBYBB (Australia)
- Michelle Long, Long for Success @LongForSuccess (USA)
- Mike Pinkus, Connect CPA @Connect_CPA (Canada)
- Ryan Lazanis, Xen Accounting @XenAccounting (Canada)
- Stacy Kildal, Tracy K. @StacyKildal (USA)