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5 Small Business Accounting Trends for 2023

Basis 365

Technology is constantly evolving, so there are many small business accounting trends. Accountants must understand how to make the most of these new trends to provide clients with the best possible services. Automation will not be the subject of debate. How many accounting firms are now automated?

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How the Accountant Shortage Is Rippling Through the Startup World

CPA Practice

It’s a tougher economy today,” says Ben Richmond, a certified public accountant who manages the U.S. client base for the small business accounting software platform Xero. The challenge is a lot of the firms aren’t either resourced with the right technology or enough people to get to that.”

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More Tech Means More Money For Small Biz Accountants

PYMNTS

When job search service Indeed.com released new data last year about the top professions being sought after by small business employers, the stats suggested something surprising. Small business accountant” was not among the top 10 phrases searched for by those hirers, Indeed.com found.

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Restaurants’ Unique Path To Back-Office Tech Adoption

PYMNTS

With that in mind, you may think restaurants would be slow to adopt new technology, but in today’s market, it’s quite the opposite. I think restaurants are definitely adopting new technology to run their business[es],” she recently told PYMNTS. “It And staying tight on managing your food and labor costs is essential.”.

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Cross-Border FinTech Collaborations Gain Traction

PYMNTS

The goal is to deliver financial services through emerging technology, said the entities. The site noted that advisors will gain access to more technology choices rather than just relying on a custodian’s proprietary tech platform. APIs: Making Inroads.

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Accountants Fall Out Of Favor With Small Business Employers

PYMNTS

” Notably absent from the top 10 list is “small business accountant.” ” “In today’s small business world, the person who keeps track of the numbers may be less important than the person who can tell you what those numbers mean,” reflected reports in New Technology Tips. .

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Mobile Devices Take On SMB FinTech Functionality, Usability

PYMNTS

But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. But outside of basic accounting, manual processes and paper still rule. Open Banking Opens Doors for Mobile.