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Accountancy

Unengaging Engagement Letters

In the world of professional services, engagement letters and schedules of services are as foundational as the principles of double-entry bookkeeping. They delineate the scope of work, outline responsibilities, and establish the legal and financial terms under which services are rendered. Yet, the necessity of these documents raises an intriguing question about the nature of the professional-client relationship: Do they enhance trust and flexibility, or do they foster a rigid, transactional relationship?

AI Assistants in Accounting

In an era where technology rapidly evolves and integrates into every fabric of business, the recent announcements by giants like QuickBooks, Sage, and Xero about integrating AI assistants into their products were meant to herald a new dawn for small businesses. At first glance, this innovation seems like a major win, promising to make information access and routine tasks more manageable for small business owners. Yet, beneath the surface of these advancements lies a significant challenge that could potentially undermine the entire endeavour.

Managing the Human Balance Sheet

Ah, accountants. The mere mention of the profession conjures images of bespectacled individuals hunched over calculators and spreadsheets, surrounded by towering stacks of paper tax returns. The layperson’s view of accountancy is often distilled into a series of stereotypes: number crunchers, tax wizards, or financial gatekeepers. But peel back the layers of ledgers and tax codes, and you’ll discover a role far more complex, interesting, and emotionally charged than its stereotype suggests.

Not Your ‘Not Your Average Accountant’

There’s a growing trend among accountants to market themselves as ‘not just your average accountant.’ It’s become such a common mantra that I wonder if the attempt to stand out has inadvertently created a new average.

Embracing Neurodiversity: The Superpower in Accountancy

In the intricate world of accountancy, where precision meets strategy, the revelation of being neurodiverse might initially seem like stepping into uncharted waters. However, this journey could very well unveil a spectrum of strengths, transforming perceived challenges into unparalleled advantages. Let’s dive into how neurodiversity, particularly within the autism spectrum, can morph into a formidable asset in accountancy, and how colleagues can foster an environment where everyone, neurodiverse or not, thrives in harmony.

Building Bridges or Burning Bright

“Why not dive back into the accountancy pool?” That first potential client call hits! Reality check. The mere thought of crunching numbers for compliance work sends shivers down your spine and a little bit of sick in the back of your throat.  

Accounting Influenzas: A New Pandemic?

The world of accounting isn’t just about crunching numbers and adhering to regulations; it’s also about influence, sharing knowledge, and shaping the industry’s future. This is a more prominent part of the job now with the number of social media channels and noise being generated.

So, how do you stand out from the crowd and be heard and seen? Do you need to and what benefit does it bring?

Psychology of Deadlines

As the tax season closes, accountants’ dust themselves down from the familiar rush of deadlines and client demands. It is a time of year marked by long hours and intense focus, but it also brings to light the significant physical and emotional challenges faced by professionals in this field.  

Debit or Credit?

There is a silent barrier impacting our day to day lives and we won’t solve it by ignoring it. If you read last weeks blog Equality Starts At Home you will know I am talking about gender inequality but this time we are going into the workplace.