Leading APAC Accounting Firms Stay Ahead With QuickBooks Online

Across the Asia-Pacific (APAC), global competitiveness, social expectations, regulatory changes and workplace pressures are fuelling the rise of cloud-based accounting systems such as QuickBooks Online Accountant. Huge increases in flexibility, security and efficiency are helping leading accountants to remain competitive and future-proof their practices as they free themselves from the limitations of site-bound legacy systems.

Anywhere, anytime access

Cheah Chun How, a Chartered Accountant from Malaysia, was stuck in traffic when he received an urgent request for a client invoice. It proved to be a pivotal moment. "I realized I needed to be able to issue quotations and invoices from my smartphone,” he says. “QuickBooks Online Accountant is now my choice of accounting software.”

Ratanak Lok, Managing Director of Goodville Business Consulting in Cambodia, has also found that anytime, anywhere access provides a level of freedom and responsiveness that legacy systems can't match.

"For us, the best thing about QuickBooks Online Accountant is that we can check everything on the app,” he says. “The systems I used before don’t have an app."

With QuickBooks Online Accountant, flexibility extends to scale. As a unified platform, QuickBooks Online Accountant provides all the resources and features an accounting firm needs to manage diverse client portfolios or expand into APAC’s diverse countries and regions.

Bank-level security

Once considered secure, on-site servers can suffer power outages, hardware failures, and malicious attacks. QuickPro Solutions in Malaysia had been using QuickBooks Desktop for many years when a ransomware attack exposed the underlying vulnerability. 

“We decided then to move to cloud, which has better security," says Head of Operations, Adelline See. “We now have the peace of mind of knowing that QuickBooks Online Accountant has the same security level as a bank."

Greater efficiency

Repetitive workflows, compliance preparation, client coordination—basic, repetitive tasks waste accountants’ skills and experience. QuickBooks Online Accountant gives you more time to do the high value work you studied hard for and enjoy.

The QuickBooks Online Accountant suite of features include automated payroll and STP compliance, recurring invoicing and payment reminders, expense capture and receipt matching, and integration with local tax apps to streamline VAT/GST filings to ensure regulatory alignment. There’s also support for the multi-entity and multi-currency setups which simplifies working across borders.

Prepared for the future

While COVID-19 left many firms foundering and unable to operate, InTune Outsourcing seamlessly transitioned to a work-from-home model. In no time, the team resumed their usual work—all because the firm had already switched to QuickBooks Online Accountant to prepare for future changes.

“The improvements came in leaps and bounds,” says Managing Director Lily Yong. “The firm even doubled in size during this period because we were already ready."

QuickBooks Online Accountant also supports the evolution of regulatory compliance. Ratanak Lok considers this essential for any firm looking to the future.

“I predict that, in the next five to 10 years, all businesses, regardless of size, will need to maintain proper financial records,” he says.

By adopting QuickBooks Online Accountant, these firms are not just solving today's problems, they're building a foundation for tomorrow's success.