Global outsourcing is now a well-established accounting industry trend. It’s a viable strategy for increasing capacity, margins and profits. However, like any new strategy, there’s a right way and a wrong way to go about it.

To help make your outsourcing journey faster and smoother, we’ve documented the 10 most common outsourcing mistakes we see firms make, and how to avoid them.

Accounting leaders who successfully anticipate accounting industry trends are able to design better long-term strategies and ride on the crest of the wave.

Here are the people, software and technology trends that are shaping the accounting industry in 2020 and beyond.

When many accounting firm leaders are asked what makes their firm different, it’s not unusual to hear the reply, “Our People”.

It’s true that people are the brains and motive force that help deliver results to your clients. Yet many firms don’t have a formal “People Strategy” to ensure they are set up for success, now and in the future.

Many accounting partners and principals wonder how their clients will accept global outsourcing as a component of their business model.

Worldwide, thousands of firms are making the shift to a “two-office strategy”, with a mix of onshore and offshore delivery. So it’s clear that firms are able to bring clients along for the journey.

As an accountant, you may be used to providing clients with software recommendations to make managing their accounts easier, but what about your own business?

There are plenty of platforms that can help you streamline, organize and simplify your own operations. Here’s a curated list of 31 of the best software tools for boosting productivity in your accounting firm.