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Your future is in the cloud

04 July 2016

The Future of accountancy is in the cloud, says FreeAgent’s CEO Ed Molyneux.

And as HMRC takes us all ‘digital’ accountants will have to look to evolve.
Molyneux agrees that it makes it very hard for PQ and NQs to map their careers. No-one really knows what their world will look like in even five years time, he suggested. All that you know now might quickly be old-hat, and only good for the bin!

While some people see automation as a real threat Molyneux is in no doubt that the profession is more than capable of evolving, and wll be able to take full advantage of the brave new world ahead.

The accountants’ role will change, of course. Instead of chasing receipts and working out what happened last year they will be expected to help small business set-up and grow. That means accountants will shift from crunching the number to becoming virtual FDs. In turn that also means accountants can help businesses that they couldn’t before – those micro-businesses.

• FreeAgent provides award-winning cloud accounting software for accountants working with micro-business, freelance and contractor clients.

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