How to become the accountant of the future

How to become the accountant of the future

The advancement of digital transformation offers a series of new challenges for the most diverse areas. Similarly, professionals are also faced with the task of updating and reinventing themselves, to maintain high competitiveness and excellence in their services. It is exactly this movement that is happening in the construction of the accounting of the future .

Accounting firms are looking for ways to get stronger, incorporating technology into accounting and adding more value to their services. However, the challenges are too many and the question always arises: how to prepare to establish yourself as the accountant of the future? 

Learning to deal with accounting 4.0 is the first step. Do you want to know how to go through this journey of professional improvement and digitization of the accounting study? Keep reading this article! 

The accountant of the future keeps the focus on accounting 4.0

To begin, understanding the concept of the accounting of the future is essential. The accountant needs to update and understand that the processes are no longer as before: analog, with the record made through printed documents. Accounting 4.0 challenges the accountant to incorporate different tools and much more technology into accounting. 

By means of cloud computing, for example, the accounting firm can guarantee the storage of all types of documents, with total availability and accessibility at any time and place. In addition, cloud computing ensures the reliability, integrity, and authenticity of documents. Much better than storing those endless stacks of papers, isn’t it?

The possibility of executing and delivering tax obligations electronically is another point that highlights the accounting of the future. 

The use of XML files simplifies the work routines of accountants, who can access documents on different systems, optimizing study processes.

In the same way, an accounting management system is equally innovative. This is because software presents the accountant of the future with  a 360 ° view of the costs and returns obtained by its clients. Such understanding allows the professional to analyze the equity and financial performance of a company more quickly and strategically. Therefore, the accountant and his team are in a position to guide clients in a journey of improvement in management that will certainly raise the growth curve of companies. Advisory accounting delivers tax intelligence.

Prepare for the future: learn how to cope with the changes offered by digital transformation

If technology in accounting offers a series of benefits for the accounting study, the accountant of the future has the challenge of learning to use disruptive tools, incorporating them into routine and accounting processes. Read below 3 tips to help you prepare for the accounting of the future.

1. Follow the modificationsand trends

One of the main challenges of the accountant is to know the new technologies and follow the regulatory changes. Only in this way are you in a position to guarantee excellent service to your customers.  

In addition, the smart use of technology can eliminate bureaucracy, optimize processes and generate opportunities for your clients. In this way, you give them a job with high added value.

2. Be clear about the importance of business digitization

If you already follow the trends and seek constant updating, it is necessary to encourage your team to have the same behavior. It is essential that the professionals in your study understand the importance of digitizing the business.

In the end, the accounting of the future requires the action of much more proactive, flexible and dynamic people in the processes. That’s because things have changed – and continue to change – at a rapid pace. There is no time for resistance or difficulty of adaptation of professionals.

So invest in awareness and training and prepare your team for the future – it’s already started!

3. Become a consultant and invested in segmentation 

Beyond focusing efforts on the delivery of tax obligations, the accountant has the potential to become an accounting consultant, . Collaborating with their clients in a journey of constant growth. This is an excellent strategy to increase your client’s trust and build strong alliances.

But it is possible to do more than accounting and taxes. You can invest in segmentation, that is, choose a niche. There are already several accounting studies on the market that act along this line. They provide services for clients in a single segment such as health, education, and microenterprises, for example.

By choosing this path, the accountant and his team have more control and security, making deliveries with superior quality. Likewise, segmentation leads to increased productivity and opportunities.

New skills and competencies

For the  accountant of the future to  be able to stand out in a highly competitive market, he needs to develop the skills and competencies necessary for this new time. Take a look at some of the most important ones for your professional growth:

  • Communication  skills : be clear and objective in your interactions with the client and your colleagues.
  • Knowledge in technology: I got to know  the disruptive tools and I learned to use them in the routines and processes of your study. They are present to make life easier for everyone. You can achieve much more positive results after implementing them.
  • Continuous improvement and training:  you can’t stop learning. You need to stay connected to major changes and trends, as well as prioritize ongoing professional development, to achieve superior performance. For example, it is possible to invest in a specialization or a Master’s degree focused on tax management. Another possibility is to look for refresher courses.
  • Help in decision-making:  the accountant needs to show that he has tax intelligence, that is, that he knows how to understand and interpret the data and, therefore, is in a position to guide his clients in making decisions.

Much more than thinking about the development of technical and personal skills, the accountant must also think about how to incorporate  technology into accounting