What is DeFi and Why is it important for the Accounting Industry?
Decentralized finance, or DeFi, is a collection of blockchain-based applications aimed at providing peer-to-peer alternatives to traditional financial services and institutions. Decentralized finance has continued to gain traction, drawing significant sums…
Quick Go Through to Triple Entry Accounting and What Could Be Its Future?
Accounting has always been seen as the backbone of a business. Also known as bookkeeping, it’s not just limited to the calculation of profits and losses but also maintains the…
DaaS: Why It Is Important For Accounting Business?
Data as a service, or DaaS, is a more popular choice for information sharing, administration, retention, and insights. More enterprises are turning towards cloud accounting to update their structure and…
How Technology Has Modernised Accounting Structure?
According to a survey conducted by Robert Half Management Resources, around 41% of CFOs stated that technology is becoming a major part of the accounting industry. Technology has modernized accounting…
How Configured Accounting Data Helps to Take Vital Business Decisions?
A proper set of data, records, reports, and accurate information about assets, liabilities, and profits is required to run business operations effectively. Accounting data is an authentic source from where…
Is Artificial Intelligence Future of the Accounting Industry? Or It’s Already a Part of the Financial World!
In the words of Kai-Fu Lee, a Chinese venture capitalist, technology executive, writer, and an artificial intelligence expert – AI is the pursuit of performing tasks usually reserved for human…
Accounting Companies – Be prepared for a major change in the accounting industry with the Blockchain technology
Mainly when we use the term “Blockchain”, then our minds go directly to bitcoin. But, blockchain has vast potential than this. Blockchain is the part of Industry 4.0 that has…
How Accounting Firms Can Maintain High Standards of Security?
Today, security is a global issue and every business industry is struggling to establish high standards of security for their employees and clients. Big companies like Yahoo are already struggling…