Over the last couple of months, I have seen something pretty cool where other accountants are now starting to adopt cloud accounting software. Some are larger national firms while others are sole proprietors. One sole-proprietor that I used to work with who I thought was very old school started using Xero for a client. The previous bookkeeper was using Xero before he took over the books. He started using it and fell in love with the software. He is even incorporating another application to extract data from invoices with this client.
With respect to national firms I am now seeing job postings on Indeed looking for technicians to work on their clients through the use of cloud accounting applications. One firm even approached me to see if I was interested in selling my practice in order for them to acquire my cloud accounting skill set. I am considered an early adopter in Canada for using cloud accounting software as I have been using Xero for over two years.
As well, I have used cloud technology to my advantage to serve my clients differently than traditional firms. I recently acquired a new client from a national firm. The other practice’s service had decreased substantially towards this client. They were using a desktop accounting platform and were not providing monthly reports like they had in the past. I have now implemented cloud technology to make reports readily available and have implemented Hubdoc to forward me bank statements and images of invoices using the mobile application. They no longer have to worry about dropping off packages to their accountant.
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