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georgebrown georgebrown is offline
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Join Date: May 2013
Location: California
Posts: 16
Common Accounting Myths Busted

Accountants are often thought of as fussy introverts mostly obsessed with numbers which is completely false. Let's look at some of the common accounting misconceptions-

1. Accountants are boring
Accountants can actually be really interesting people.

2. You need to be genius in Maths to be an Accountant
You don't need expertise in Mathematics rather simple arithmetic calculations (addition, subtraction, multiplication, etc. and use of a calculator and simple accounting software will do.

3. Accounting is similar to doing taxes
Taxes account to merely one small aspect of the accounting field.

4. Accounting is only for men
Over 60% of all accountants and auditors in the United States are Women.

5. You can't make good money with Accounting
One of the most popular and illogical myths as Accountants make a decent amount of money.

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jessicacain126 jessicacain126 is offline
Join Date: Dec 2014
Location: Augusta
Posts: 6
Yeah do agree with almost every point but one thing that I wanna oppose that yeah accounting is boring; there is nothing innovative to do with accounting.
The great myth of our times is that technology is communication.
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garnercrawford garnercrawford is offline
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Join Date: Jan 2016
Posts: 14
Accounting is not boring and for thos who said that accounting is boring they don't know how exciting accounting is. For #4, most of the people that do accounting are women thats a fact. Lastly for #5, i do agree that you can make a decent amount of money when you submerge in accounting. If you are a licensed accountant you value is high.

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vipul vipul is offline
Join Date: Sep 2016
Location: New Delhi, India
Posts: 1
Be aware of these Cloud Accounting Myths

Cloud Accounting solutions have also gained immense popularity in the last decade, but many businesses and organizations are still concerned if this form of accounting solution will ever become a global trend. Many are also skeptical about adopting cloud accounting due to the rumors of data-hacking, data-corruption, and its actual efficacy.

MYTH 1: Cloud is only good for storing data

Many business owners have developed the misconception that cloud accounting services are only good for storing information. But that is only a part of the whole story! Cloud accounting services helps make financial and other accounting information accessible to stakeholders from anywhere in the world at any time of the day. It also negates the need to install expensive and complicated software on their devices.

MYTH 2: Cloud is just a marketing trend

The cloud is not a magical solution for each and every business problem, but it can be tailor-made to suit different business needs and requirements to solve many important issues related to bookkeeping and financial records. And along with widespread internet access, cloud accounting is an all-inclusive technology which can radically streamline business operations.
It is so much more than just a simple marketing trend and many big and small businesses who are aware of this are investing billions of dollars to optimize their cloud infrastructure to adapt to consumer demands and their own operational requirements.

MYTH 3: Accounting data on cloud can be easily hacked

The most major rumor surrounding cloud computing and cloud accounting is that it is susceptible to data-hacking and data-theft and is not safe when it comes to storing confidential accounting and other financial data. But the fact of the matter is that cloud service providers like Real Time Cloud Services, put up several redundant security measures like two-step authentication, granular access permissions, intrusion detection, etc. to avoid such issues and are perfectly safe.

With the constant evolution of data management services and processes, the cloud is undoubtedly the most versatile and all-rounder option for businesses both big and small. And with the ever expanding benefits associated with cloud computing and accounting, it is also the most efficient and all-inclusive data management infrastructures yet.

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