The Future of Accounting
Since man started conducting business almost 7000 years ago, there has been a need to record and track these transactions - from this need came accountancy. As business changes so, too, does accounting and prior methods are forced to change- so the question is: how will accounting change as we move into the future?
There are many predictions on this topic, but in this article we have selected our top 5 for you.
1. Web-based technology
Although there are already web-based accounting solutions, we expect to see the number and functionality of them improve greatly in the coming years. These solutions will include software which integrates with the various government taxation organs. The result of which will be a system where compliance work is automated.
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