The Amaka Blog

It might not seem like it at first, but there are some big differences between accounting and finance roles. Accounting and financial advisory are broad business functions that revolve around multiple job opportunities and roles within organisations. What’s more, accounting related roles are continuously evolving with the adoption of cloud accounting and business automation platforms - technology is rapidly transforming accounting and financial advisory, resulting in the creation of new roles in modern companies e.g. accounting technologists.

Square and Xero have released their official accounting integration and have chosen Amaka to oversee delivery of this key piece of infrastructure.

As we have entered the digital transformation era, new technologies are bound to improve business processes and boost productivity within organisations. The hospitality and retail industries are no different. In fact, keeping up with the latest tech trends and automating certain processes is essential, as these industries are extremely competitive. As a result, those who stop adapting can be quickly left behind.

Black Friday used to be associated with traffic accidents and violence initiated by the large volume of shoppers. Nowadays, though, it rather means a “profitable Friday” to all retailers out there. With this introduction of Cyber Monday, e-commerce stores now have a valuable opportunity of a day solely dedicated to consumers prioritizing online purchases over store purchases.

Due to many misconceptions, it might seem otherwise at first. But, even though software integrations might seem confusing, they don’t have to be terrifying. Especially if you trust experienced professionals to help you set up those integrations or even do it entirely for you.

Although various factors are changing the finance industry, the future of accountants and bookkeeppers is very bright. While some may think otherwise, technology is only improving work practices, making accountants and bookkeepers more efficient than ever. Through the adoption of technology, it doesn’t mean they are less important or less relevant; however, it does mean that they must adapt to the changing landscape and acquire new skills.

Did you know that around 80% of new businesses fail within the first 18 months? Poor financial management is one of the main problems for these businesses. Why? The answer might be surprising - 53% of small business owners don't have an accounting professional, and they attempt to manage their money themselves. Accountants can add value to your business in a variety of ways.

Amaka partners with Square to deliver the official integration with MYOB that will help customers to aggregate sales data from every corner of their business.

Here's how the Revel + Xero accounting integration by Amaka can benefit your business. POS systems are vital in the hospitality industry. Keeping track of sales is essential for maintaining a successful business. It’s a good idea to have all of this information and data in one place - it’s an even better idea to integrate your POS system with an accounting system. This keeps everything automated, quick, and easy to access.

Adaptation is the key to success in the hospitality industry!