was successfully added to your cart.

Cart

sunil kumar gupta

bussiness expert, economist, author & philanthropist

How can India make its employment numbers more credible?

The numerous claims and counterclaims on employment numbers make for a dangerous and fascinating read. Thanks to the politicization of...
Read More
How can India make its employment numbers more credible?

From Bust to Revival – A Deep Dive Into India’s Textile Industry

Introduction Unless you’ve been sleeping on our national economy for the past few years or so, you’ll definitely know that...
Read More
From Bust to Revival – A Deep Dive Into India’s Textile Industry

ANGEL TAX AND ITS IMPACT ON INDIAN STARTUP ECOSYSTEM

It would not be an understatement to say that since last few years Angel Tax have had a huge impact...
Read More
ANGEL TAX AND ITS IMPACT ON INDIAN STARTUP ECOSYSTEM

How India can realize its dream of Housing for everyone by 2022 ?

What is Pradhan Mantri Awas Yojana and how it is going to change the face of the nation?   If...
Read More
How India can realize its dream of Housing for everyone by 2022 ?

Top Accounting Technology trends you need to know

By March 23, 2019blog

Technology has really shaped up the mindset of professionals from all walks of life and its utilization has given a holistic understanding in order to pester the needs of working professionals. Now this revolutionary change applies to people in accounting industry as well.

We are in an era where without the use of technology, we can easily be ostracized and this cobwebbed situation especially in our working atmosphere can pull us out of business. Even if you’re an aspiring accountant or you’ve been a CPA for decades, you may not think much of your preferred accounting system. If you are dedicated in the field of accounting or currently pursuing a bachelor’s degree in accounting, then it is important that you must be up to date on the kind of technology being used in your professional workspace.

Let’s take a look at some of the most important accounting technologies that can help accountants to approach their workspace through an effective and efficient lens:

Cloud Computing

Cloud computing plays pivotal role as one of the efficient technologies within the accounting sector. According to Forbes, worldwide spending on cloud services will grow radically.

This paradigm shift for professionals following traditional accounting pattern has given them a technology that is used for storage and accessibility of data online rather than on your hard drive.

Blockchain Technology

Blockchain technology is the distribution and decentralization of database technology. It can protect encrypted data and sustain an expanding list of transaction between all parties of those transaction.

This accounting technology will assist many financial advisors in Delhi to bring a qualitative change in the financial industry.

Automated accounting

This type of technology eases human effort and does most of the job for you. Automated is an efficient tech that will make virtual controllers of automated accounting high in demand.

This lucrative technology will be able to redefine the role of an accountant and bring quantifiable results for the same.

Optical Character Recognition

Optical Character recognition is a new technology in the market that electrically converts images and handwritten texts or printed text into machine encoded text.

OCR is finding an elbow room in automated, cloud based applications. These technological trends create a powerhouse for business experts within the accounting software

admin

About admin

Leave a Reply