Cloud-Based Accounting Practice Workshop in PNG
Business Link Pacific (BLP) in association with PNG’s Certified Practicing Accountants (CPA) recently delivered a one-day Cloud-Based Accounting Practice Workshop to help local accounting and financial management services to better their client service using cloud-based accounting systems in Papua New Guinea.
Every day, more and more businesses are turning to cloud computing. From connected appliances to Internet-based education programs, people all over the world are utilising the Cloud to connect to customers and improve their business practices.
Like other sectors of business, accounting has also embraced cloud-computing solutions to provide relevant and information as well as a real-time overview of the market for all stakeholders.
Small businesses across the Pacific are now taking advantage of the Cloud when it comes to managing their finances. For accounting firms, the Cloud allows the analysis of vast volumes of data immediately and possibly cutting the burden of compiling half-yearly or annual reports in the process.
Business Link Pacific (BLP) in association with PNG’s Certified Practising Accountants (CPA) recently delivered a one-day Cloud-Based Accounting Practice Workshop to help local accounting and financial management services to better their client service using cloud-based accounting systems in Papua New Guinea.
New Zealand High Commissioner to Papua New Guinea, Her Excellency Sue Mackwell said during the opening of the workshop that SMEs are drivers of the PNG’s economy.
“The PNG SME market has a lot of to contribute, and this is an area that the New Zealand and PNG Governments are keen to see growth.”
New Zealand has been assisting SMEs in PNG through the Business Link Pacific programme. The five-year programme that connects SMEs to business advisory services. Making good quality, affordable services more available to SMEs in the PNG market.
“If BLP works with a hundred business advisory service providers in PNG whom all assist ten SMEs each, that is then a thousand SMEs who have accessed services that can help them to grow,” she said.
Steve Knapp, Business Link Pacific’s Director, states that a healthy and thriving SME sector can support strong and sustainable economic growth, and this can secure and increase prosperity for countries such as PNG.
The workshop not only attracted existing BLP Accounting Business Advisors such as Beach Accounting and Advisory, Melton Consulting, Sam Kiak Tubangliu (SKT) Certified Accountants, Start Business Consultants (SBC), Kuna Taberia Kiruwi (KTK) Accountants and Advisors, STM Consulting, but also a few firms showing interest in BLP such as Uma and Co, Deloitte and the Bank of Papua New Guinea.
Facilitators Emma Crawford-Falekaono, Marney Price, Laura Mason and Akae Beach covered the critical areas of “Driving efficiencies in your accounting practice”, “Benefits of moving to the Cloud”, “Deep-dive into Xero, MYOB and QuickBooks online platforms”, “How to train your clients on Xero, MYOB or QuickBooks Online”.
PNG CPA’s IT administrator Steven Palem admitted that “YES! There were a few drawbacks of cloud technology such as constant internet connection and that it does not work well at low speed”, but he was optimistic about this becoming a thing of the past once the Coral Sea Cable system connecting Sydney, Port Moresby and Honiara is up and running in 2019.
The drawbacks right now in PNG are overcome by the endless possibilities that cloud technology holds for businesses and accounting firms in an economy that needs better services.
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