Work from home opens up a whole new range of options for how businesses can work and layout themselves. With the spread of the coronavirus (COVID-19) pandemic, work from home has provided some employers with the flexibility they need to continue their business operations while prioritising staff and customer health and well-being as part of their public health responsibilities.
Several of the world’s largest companies have preferred to have their employees work from home even after the pandemic has ended. They include Apple, Microsoft, and others.
Work from home: Future of Accounting
With an increasing number of employees working at home-or using the home as a working base for at least part of the week-It is clear that Working from Home is the Future of Accounting and there are several business benefits, such as:
The accountants virtually what is increasing demand—is productivity in how, when, and where they want to work. While this may have seemed unimaginable as little as four years ago, the fact is that technologies that end up making working from home as efficient more—than working from a cab with lesser interruptions that would typically happen in the office environment.
On the other hand, working from home allows for a quieter environment that can enhance more focused work. Also, accountants work more hours as they can also use their time saved from switching to start work earlier, later or both.
Flexibility and agility
Work from home allows for more agility and flexibility in work schedules. Employees no longer attached to an office may be better placed and more willing to work flexible hours, such as earlier or later in the day or even on weekends.
This may help you achieve specific business needs, e.g., transacting with customers living in a completely different time zone.
Attract New Talent
Work from can be offered as an incentive to attract new talent to your business. Even offering the option to work from home will give you an advantage in the job market over competitors who do not offer home-based work as an option for their accountants.
Work from home offers various benefits such as saving office space, utility bills, office supplies, and other facilities. Staff may also claim tax relief available from HM Revenue & Customs (HMRC) for work from home.
Thanks to cloud technology, it is no longer necessary for accountants to dedicate the years spent behind the desk, spending extra hours in the office at the end of the month or even during the busy season as it has been for generations to come.
For example, more accounting teams are now using close management software, enabling them to organise and work collaboratively at the end of the month from anywhere with an internet connection. Combined with cloud accounting and modular ERP, teams get mobile and win the war for top talent.
A decrease in regular holidays
Working from home can feel like a break from the office, even though the accountant is still working. Working from home, accountants will feel more energetic and likely to spend more money with their family and will not feel the need to leave.
Even so, it is your duty as an employer to ensure that your employees take their holidays-see how much holiday to give your staff.
With the number of firms allowing established remote work policies, it is clear that the trend is upward. After pandemic, accounting firms in London are much more open to remote work than they have been in the past.
Finance organisations have already digitised financial data and have highly automated financial and accounting processes. In the coming years, teams will perform virtually all tasks independently, going to a physical office only occasionally based on a set schedule.
So, find an accountant that can do assigned work effectively and efficiently for your organisation.