The modern-day accounting has come a long way from the times when the financial information existed only on paper. Today, advancement in technology has transformed almost every aspect of the accounting industry. It has eased everyday work for accounting professionals and has helped them focus more on their core competencies to serve their clients better.
One of the most prominent technological changes that have revolutionized this sector is the adoption of cloud technology. Due to the mobility and flexibility advantages, more and more firms are making a move to a cloud-based system.