Traditionally, accountants have been best know as the people who sort our tax and balance the books on behalf of other businesses. And, while it is still true that accountants do this, there is far more to the role than initially meets the eye.

Accountants are evolving what the vocation means and does, and in doing so are able to give businesses, sole traders and individuals a service that goes beyond what is expected. At Highwoods & Associates, we like to keep on top of the latest trends in the sector and want our customers to be able to as well. Here are three ways in which the role of the accountant is changing.

Technology

The uptake in digital technologies means that accountants now have the ability to perform tasks in a manner that is quicker, more streamlined and more efficient. Gone are the days of utilising only pen and paper – Cloud technologies are now the bread and butter of the modern accountant. Such digital services also allow for greater levels of transparency and cooperation with businesses, meaning increased levels of efficiency.

Value-added services

Accountants are becoming more and more savvy when it comes to helping their clients prosper. Accountants, by their very nature, deal with a lot of different organisations and people on a routine basis, and so are very aware of what works and what doesn’t when it comes to running a successful company. Their business know-how, therefore, can be an essential boon to clients. Accountants want their clients to succeed because then they will keep using their services; it is a symbiotic relationship, and it is in the best interests of the accountant to help wherever they can.

A more personal experience

In the past, businesses would tend to interact with an accountant a few set times a year. However, that relationship is undoubtedly changing, and accountants now tend to play a more integral role in the day-to-day running of a company. While most accountants now tend to make use of digital Cloud technologies, many also enjoy the opportunity to conduct face-to-face meetings and get a better understanding of the people they are helping, and what else they can do to make their business succeed.

At Highwoods & Associates, we have many accountancy services on offer, from statutory accounts preparation and VAT compliance health checks through to annual budgeting and forecasting. Find out more about our Essential, Plus and Pro accountancy packages.