‘This isn’t just about accounting’: the skill every Accountant MUST have in 2019'

According to Coco Hou, CPA and CEO of Platinum Professional Training and Platinum Accounting, cloud based accounting is the future of the industry.

“If your accountant does not have this skill, your business has a serious problem. Even if you’re not using cloud based systems right now, you will have to in the next few years in order to keep up with your competitors,” Coco Hou said.

“Every student and professional working in the accounting sector must become proficient in working with cloud based systems. Graduating university with a degree in accounting without an in-depth working knowledge of cloud based systems like Xero, is like getting your driver’s licence without ever having driven a car.

“Cloud based platforms like Xero are being adopted by businesses and organisations all over the globe. It’s time to wave goodbye to the days of tedious file transfers, low accessibility to data and expensive costs, and say hello to cloud based accounting.”

According to Coco Hou, Xero is the best cloud based platform because it includes important integration capabilities with software programs like Hubdoc, Leap and Veryfi which make things like invoicing, bank transcript connections, time trackers and bank reconciliation significantly easier.