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sunil kumar gupta

business expert, economist, author & philanthropist

COVID-19 – Few tips to master ‘Work From Home’

With the outbreak of the COVID-19 and the subsequent nationwide lockdown, life is operational in a more or less standstill mode now....
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COVID-19 – Few tips  to master ‘Work From Home’

Reserve Bank of India’s big move to inject liquidity in the market and big relief to the common man and small businesses

In order to mitigate the financial stress due to the disruptive force of COVID-19, the Reserve Bank of India had...
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Reserve Bank of India’s big move to inject liquidity in the market and big relief to the common man and small businesses

Government announces financial relief to combat the lockdown crisis

The Hon’ble Finance Minister, Nirmala Sitharaman held a press conference on 26th March, 2020 and announced economic package of ₹1.7 lakh...
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Government announces financial relief to combat the lockdown crisis

Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak

Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak Having gripped the world with massive footprints, the...
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Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak

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

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