Tasmanian accounting firm Badcocks was an enthusiastic adopter of hosted accounting software because its accountants could access client files at any time. When online accounting apps appeared it quickly embraced the new standard and has expanded its recommendations from accounting software to other cloud apps.
“Unless accountants embrace cloud software they are going to be extinct,” said Ty Triffitt, an accountant at Tasmanian firm Badcocks.
Accountants are not only using cloud software, they are also advising their clients to do so to simplify their workload.
Badcocks, a partner with online accounting program Xero, advised clients to use job management app WorkflowMax, forecasting tool XO Cashflow, point-of-sale program Vend and accounts-payable automation service Invitbox.
Most recently the firm inquired into the possibility of recommending Office 365, Microsoft’s cloud-based productivity suite, to clients as well.
“One thing which we are very firm on here at Badcocks is that we never promote products to clients. We only promote benefits that the product will bring and will quickly change if anything better comes along,” Triffitt said.
Seven years ago, the firm’s owner, Craig Badcock, noticed the challenges of desktop accounting software that had to run on a local computer or server. He encouraged his clients to use hosted software instead so Badcock could access their MYOB files at any time. “Although it was expensive back then, it was a breakthrough in accounting practices,” said Triffitt.
Since the move from being remotely hosted to using Xero, Badcock has converted over 100 entities to Xero. Badcocks preferred to use Xero but was happy to go with the client’s preference, Triffitt said.
Badcock intended to move all its internal systems and clients to cloud software. The Devonport firm had developed a business efficiency review that measured the strengths and weaknesses of a business and recommended cloud software to improve productivity and efficiency.