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Why Working From Home is the Future of Accounting


The idea of “going into the office” was made a part of workplace culture by boomers, but it no longer suits the best interests of employers or their employees. Even before the pandemic, there was a lot of work that could be handled more efficiently from home. And, working from home is not equivalent to child care. Some firms are experimenting with remote work in terms of using technology to grow their practice, and here’s why it’s a good idea. 

Nov 30th 2020
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Some of the world's largest companies have chosen to have their employees work from home even after the pandemic is finished. These include Apple, Microsoft, WeWork and others. Owners of small companies may argue this model would not necessarily suit smaller businesses, but that’s not true. Here is why the “work from home” revolution that may take off had a faster pace than anticipated and why we must not discount the idea that for some industries and job roles, working remotely could be a better option.

The idea of working at an office was made popular by boomers. Boomers are typically perceived to be very hardworking and motivated through incentives such as perks and a good position within their organizations. They also highly valued personal accomplishment as the mark of a successful professional, income generator and head of household.

The needs of younger generations, however, are markedly different than those of boomers. Millennials and Gen Z do not necessarily value homeownership as something they want to work their entire lives securing. For that matter, many other things that are common for those of us who were born before the Millennial generation, such as car ownership, are changing fast. It would be wrong to group everyone together, lay down the same rules, and expect the same results, which, after all, is a hallmark of corporate culture.

The COVID-19 pandemic has shaken and uprooted many of our core beliefs. Some of these are actual limitations that we have set on ourselves because we do not have an insight into how this will translate. Traditionally, remote work is something not very popular with the majority of organizations, however, IT-related firms have generally had more remote workers than others, like banking and manufacturing.

For the latter industries, the role of individual contributors at a factory-floor level remains invaluable if they are working on a production line. With the majority of work based on handling equipment and managing the movement of goods, it is common sense that some roles cannot be remote. But what about the role played by individual contributors in an accounting firm, a law firm or, let's say, any consulting organization?

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Replies (1)

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Wray Rives CPA CGMA
By [email protected]
Dec 1st 2020 09:23 EST

Our entire firm has been working from home for 11 years. It works so much better for us. I actually tried going to an office again one year mostly to appease a small number of clients and it created nothing but frustration for me. I decided I was better off to fire those clients.
I am also a boomer so maybe we are not all to blame for the whole need an office thing, because I don’t see myself ever going back to that.

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