The accounting industry is everchanging. ACE reached out to the top industry professionals to know their views about the top industry trends that will impact the accounting work in 2020.

1. Ace Cloud Hosting
Expert Roundup – Top
Accounting Industry Trends
in 2020
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2. The Constantly Changing
Accounting Industry
The Accounting Industry, like any other, has been changing
and evolving over the past few years.
Many new trends such as - cloud computing, machine
learning, artificial intelligence, etc. have been transforming
the way this industry works.

3. Accounting Trends in 2020 : Expert
Opinion
Ace Cloud Hosting reached out to five industry experts to get
their views on the top accounting trends that will dominate
the accounting industry in 2020 and their future implications
on the working of the industry.
Let us have a look.

4. Mike is one of the highest-rated instructors in
the nation on the topic of financial
management for small business owners. He has
built or helped build multiple companies from
the ground by transforming ideas into multi-
million dollar enterprises.
Follow him on social media:
and
Mike Milan1.
LinkedInTwitter

5. The accounting firm as a brand.
Defining a client migration strategy.
An increase in financial education."
"The accounting industry is already shifting its focus from
short term project-based interactions to more fruitful long-
term customer relationships.
The latest trend is offering more advisory services. Here
are three things I see happening and expanding.
1.
2.
3.

6. Jasen has been in the tax and accounting
industry for over 20 years and is responsible
for setting training and education strategies
at Intuit. He is a thought leader, writer, and
speaker on the 4th industrial revolution and
AI’s impact on the profession.
Follow him on social media:
and
2. Jasen Stine
LinkedInTwitter

7. "Automation and workflow efficiency have been leading trends for
quite some time now. And, we will see an acceleration of
innovation around this in the coming years, especially 2020.
Integrations will allow for increased productivity, enabling
accounting and tax firms to automate their compliance work and
spend more meaningful time with clients to help them reach their
goals."

8. Randy is one of the partners at K2 Enterprises. In
his role at K2 Enterprises, Randy helps create and
deliver technology-focused training to business
professionals throughout North America.
Follow him on social media: and
3. Randy Johnston
Twitter LinkedIn

9. "This year of 2020 is a trend breaker, with so many professionals
forced to work remotely because of COVID-19 stay at home orders.
While we expected emerging technologies like artificial
intelligence (AI) and machine learning (ML) to dominate the
technology adoptions this year, business disruptions have changed
our minds.
This 'new normal' makes us focus on the probable trends for 2020,
which include: security issues, advisory services, and compliance
services."

10. Gary DeHart has worked in media for more than
25 years and has been instrumental in developing
new revenue streams and business opportunities
for the companies he has worked for.Prior to
launching Insightful Accountant (formerly
Intuitive Accountant), Gary was the Associate
Publisher of Accounting Today.
Follow him on Social Media:
and
4. Gary DeHart
Twitter LinkedIn

11. "I believe we’ll continue to see increased competition for
QuickBooks, especially for the mid to large user segment, while
QBO continues to gobble up the small market. General
Ledger developers are acquiring more of the key solutions in the
ecosystems that surround them.
Increased pressure on small accounting firms to provide
more comprehensive services for their clients – Advisory Services,
Client Accounting Services, Outsourced Back Office."

12. Cyrus Vanover, MBA, is a financial copywriter who
has written for companies of all sizes. He is also the
author of the personal finance book, “Earn A Debt-
Free College Degree.” His goal is to help families
save money, make more money, and achieve
financial independence. In addition to that, he runs
a personal finance blog called Frugal Budgeter.
Follow him on Social Media:
5. Cyrus Vanover
LinkedIn

13. "1. Increased adoption of cloud accounting software.
2. Increased use of a remote accounting workforce.
3. Increased emphasis on data security.
With the world currently embraced in the coronavirus pandemic,
many employers are telling their workforce to stay home and
work remotely. This trend will result in increased adoption of
cloud accounting software, allowing accountants to access
information and work from anywhere."

14. Wrapping Up
Technology has been changing over the years and
successful accounting firms are adapting to this change.
It has now become essential to train your team about
the latest accounting and technological trends in order
to boost work productivity.

15. About Us
Ace Cloud Hosting is a managed cloud hosting
provider and specializes in the accounting, tax,
retail, and construction industries.
We offer on superfast
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To know more, please visit
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17. References
Expert Roundup – Top Accounting Industry Trends in
2020
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Checklist: How To Choose A Cloud Provider
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