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Australian accounting firms move into the cloud to administer SMSFs
Today the leading Financial Standard publishing house released an article written by Wolf Schumacher, Director of RewardSuper, for the Journal of Financial Planning.
Wolf's article introduces its readers into cloud computing as applied to SMSF administration. It concludes with three case studies of RewardSuper client firms, that actively use RSDataWeb, its web based data automation & integration platform for the administration of Self managed superfunds and other transaction rich client structures.
Enjoy reading the article and please let us know what you think!
Posted by Wolf Schumacher
Great new position available at the leading Cloud Accounting firm in Sydney
Interactive Accounting is an amazing Accounting firm led by Guy Pearson, a young energetic and charismatic Chartered Accountant.
Guy belongs to a new generation of accountants, who are committed to leading the Accounting profession into the future with using all the internet is offering to this otherwise conservative industry.
Interactive Accounting is bringing zest and fun to the profession and is definitely a place where the right people have a real chance to developing a great career.
If you are looking for an invigorating position with an Accounting leader in the Cloud, take a close look at this outstanding offer by Interactive Accounting in Sydney's CBD:
Posted by Wolf Schumacher
More success for Cloud pioneer Interactive Accounting!
Interactive Accounting had just recovered from being awarded "2011 Xero Partner of the year" (see our blog post from 1 August further down), when they made page 52 of The Financial Review, the pinnacle of all Australian financial publications.
Interactive Accounting, under the leadership of its dynamic CEO, Guy Pearson, CA, strongly believes in and pursues Cloud computing for all their accounting services. For its Superannuation services the up and coming company deploys industry leading online compliance solution superMate in integration with our leading data automation & integration platform RSDataWeb.
Our congratulations and best wishes go out to Guy and his fantastic team! Keep up the great work you are doing for your clients. Many thanks for your generous support in practice testing new RSDataWeb functionality.
Posted by Wolf Schumacher
Interactive Accounting win 2011 Xero Partner of the Year Award
Leading online accounting solution vendor Xero conferred their 2011 Xero Partner of the Year award on our valued RSDataWeb client Interactive Accounting.
The award is well deserved as Interactive Accounting under the leadership of Guy Pearson, CA, are actively driving the accounting profession into the Cloud and are a true beacon for Cloud computing in Australia.
Our congratulations go out to Guy Pearson, his fantastic team and their clients, who win through this big time. We are excited to partner and thrive with Interactive Accounting and Xero!
Posted by Wolf Schumacher
Our RewardSuper story
Presented last Friday at the second Interactive Accounting entrepreneurs meeting in Sydney.
Our thanks go to Guy Pearson for arranging this great entrepreneurs meeting. On the Vimeo and Interactive Accounting sites you can watch all the interesting presentations at this event.
We are looking forward to future IA entrepreneurs meetings!
Our Thoughts on the Cloud - The Good, The Bad & The Beautiful
The Dot Com boom/bust of the 90s illustrated and over-hyped the possibilities of the Web without the infrastructure, technology or experience to make it a feasible venture. As a result, the use of the Internet for business was deemed a failed experiment (with the exception of email, online banking and websites that validated a company’s existence).
Let’s fast forward to the mid naughties and along comes the development of APIs, no longer does a company have to develop an all in one solution, but a piece to a collaborative puzzle that each consumer is starting to be able to piece together. Sure, there are now many passwords to remember, but to have the exact functionality you want, or that functionality be in development, this is a small price to pay.
So, below is a summary of why we at Interacctive Accounting have chosen to aim to be 100% based in the cloud:
The Good -
- Cost savings by no longer having to continually upgrade storage facilities for electronic or physical data,
- access to your data wherever there is an Internet connection,
- always having points of contact to answer customer questions in a respectable time frame, and
- programs/tools used on the web are cheaper as they don’t have as many fixed costs as software companies in the past
- Reliance on 3rd parties to safeguard your data, however, customers and the market demands security, as a result, this is a very high priority. Just ensure you’re tool has redundant backups of your data and adequate security
- What if the Internet crashes? Everything on the Internet is actually stored on a server. Somewhere.... Let’s not focus on a “doomsday” scenario.
- APIs are constantly expanding between online products,
- Instead of hiring a data processor to repeat a mindless task, you can replace the need for this with a cheaper online tool (For Interactive Accounting this means no off-shoring),
- The efficiencies allow for teams of experienced people, given the efficiencies of data processing,
- Real time advice is actually possible and not just a tag line,
- Clients have access to their data wherever and whenever they need it,
- Overheads for service providers are able to be reduced and thus it benefits the end consumer,
- No backups required (if you actually do them) and, lastly:
- Online products do not have disks for upgrades, you simply have 1-2 hours downtime per month (usually @ 4am) and all of a sudden, the functionality has been increased at no extra cost to you, the user.....
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Author: Guy Pearson, Founder and CEO Interactive Accounting in Sydney.
Interactive Accounting is currently implementing RSDataWeb in conjunction with the soon to be integrated SuperMate accounting package.










