How to Attract and Retain the Next Generation of Accountants

How to Attract and Retain the Next Generation of Accountants

Business Tips
The latest board exam result for accountants has just been released and many of you are probably eyeing for the crème de la crème you can hire for your firm while making sure the current pool you have stays. But do you know how to attract more so retain them? In a previous article we published, we discussed some of the traits of this new generation AKA the millennials, and how employers can manage them. Here we are sharing tips specific to accounting firms. Adapt to new technologies and trends We all agree that technology is unstoppable. We’re left with no choice but to embrace it. That doesn’t mean, though, that we have to replace our human resource with robots. Instead, what we can do is automate the simple repetitive…
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Here’s Why You Have To Ditch Your Spreadsheet Now

Here’s Why You Have To Ditch Your Spreadsheet Now

For Accountants
Can you think of any business that didn’t rely on spreadsheets as they start up?We’d bet you can’t. You see, spreadsheets have become so integral to every business that it’s the basis of a lot of financially related software we use these days.In accounting, we all agree that spreadsheets are way much easier to use than the traditional accounting methods our ancestors taught us.But it’s been almost four decades since the first spreadsheet, VisiCalc, was introduced to us, and don’t you think it’s time to put it to rest?Here are the five reasons we haveSpreadsheets can be complexThere’s no undermining a spreadsheet’s power when it comes to tracking sales, purchases, inventories, and whatnot. In fact, if we know just the right commands and formulas, we can turn the simple spreadsheet…
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Why 1 Minute is All you Need To Prepare BIR Forms

Why 1 Minute is All you Need To Prepare BIR Forms

For Accountants
Note: This post was updated on January 6, 2020. Preparing BIR forms eats up a lot of your time because it requires attention to details. Hence, you have to check and recheck each information that goes into the forms. This is especially true if you are using spreadsheets because, in some cases, it's easier to handle. Let’s take the form 2550Q as an example. The second part of this form houses input and output taxes. There are more or less 20 boxes to fill out, depending on the taxpayer's transactions. As you can probably see, going through each of these boxes, even with the help of spreadsheet takes a lot of time. Plus, the work does not end there. After the amounts are computed, you have to re-enter the SLS…
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