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I'm looking forward to discussing the new Charities SORP with Fiona Condron, National Head of Charities Audit Partner BDO and Richard Bray, Finance Regulatory and Taxes Manager Cancer Research UK (CRUK). A big thank you to Tristan Blythe and the Civil Society Media Ltd team for hosting this event. Join us on Monday afternoon to explore the key changes in the revised SORP and the practical implications for charities. We'll end the session with a live Q&A, so come armed with questions! Register for the webinar here: https://lnkd.in/e-TQzNbr?

What are the hot topics we’re hearing from accountancy firms? 🔥 We’re fortunate to speak with firms of all sizes at Xledger, and it’s fascinating getting insight into what’s front-of-mind for practices in the UK. From supporting industry events, most recently at the Alternative Events tour in Manchester, and working closely with our partner network, the narrative is positive: firms are making the most of growing demand for their services. As these conversations steer towards best practice, new trends and obstacles, here are three common themes we’re hearing… 1. Collaboration is a low hanging fruit Siloed teams are unavoidable given the nature of modern practice, especially at scale. While many firms invest in cross-functional initiatives such as ‘cloud accounting’ teams, there’s still room to collaborate more effectively. But what does this look like? For all firms, regardless of size, you might consider: - Dedicate time each month to share headline project stories - Consider fresh ideas, such as new tech to explore - Focus on natural upsell or cross-sell opportunities - Note down practical ways to enhance the success of your clients 2. AI uncertainty, what is everyone doing about it? Of course, we couldn’t miss the fact that AI is currently the hottest of all topics. But, when our feeds and conversations are saturated with other people’s thoughts on the subject, how do we know what is worthy of our time? Fortunately, AI has already been applied in various ways behind the scenes, such as finance system ‘co-pilots’ to lesser-hyped SaaS features like invoice line-item matching. One truth we can all agree: AI becomes less daunting when it’s tied to specific outcomes rather than abstract promises. You may find firms making the best progress aren’t shouting the loudest, they’re simply taking measured steps forward. 3. Don’t let accountants run the firm Small to mid-market firms are less likely to have as many specialist roles in place (marketing or IT, for example) than larger firms. Instead, directors or partners often oversee these business areas. The idea of driving efficiency by letting more people do more of what they are good at isn’t a new concept, but today’s technology and modern working practices amplify such advantages more than ever, and the benefits can be significant. If you’re keen to be part of the conversation, then take a look at our partnership models to discover how Xledger can help your firm. https://lnkd.in/eMszD72f