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1 in 6 businesses don’t trust accountant with data

Adam Zuchetti
Adam Zuchetti
04 August 2017 1 minute readShare
Shake hands with the devil

More than one in six businesses do not trust their accountant to have access to their accounting software, despite the bulk of business owners doing so to achieve closer working synergies.

In a recent straw poll conducted on the My Business site, readers were asked the question: “Do you allow your accountant or bookkeeper to access your accounting software?”

Unsurprisingly, the vast majority (78.9 per cent) said yes, and a further 3.3 per cent admitted they are planning to do so.

However, nearly one in six respondents (15.6) said they do not allow these service providers access to their accounting software.

Even more troubling, a further 2.2 per cent said they previously allowed such access, but have since cut it off.

The poll did not explore the reasons behind their decision, or what prompted business leaders to change their mind.

“Allowing your accountant real-time access to your financial software means they are better placed than ever to help your business in an increasingly competitive and rapidly changing environment,” says Paul Drum, head of policy at accounting body CPA Australia.

“It allows them to be pre-emptive in the provision of business advice – to address issues and identify opportunities as they emerge, rather than only coming to an issue once it has become a problem and regretting missed opportunities.”

Mr Drum adds: “Members have told us that having this type of access enables them to focus more on providing services that add value to their business clients, rather than simply assisting with BAS or tax return preparation and lodgement.”

1 in 6 businesses don’t trust accountant with data
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

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