Are all accountants business advisors as well?

A panel of leading accountants has said that accountancy firms need to rethink their hiring strategy of they want to thrive in the current economic climate. In particular, they should be looking for candidates with a wide range of skills and experience.

The meeting, which was held last month in Central London, brought together Grant Thornton, KPMG and PwC, as well as universities and professional bodies. They were all agreed that sponsorship schemes have a place in the recruitment process but the biggest single issue was one of diversity.

Both Grant Thornton and PwC said their graduate schemes include a range of options so that they can attract people at various stages in their education. Both firms also made it clear that they aim to create business advisors rather than accountants.

In other news, online accountants are aware of the benefits of accounting software but it seems that some businesses are still oblivious to them.

Randolph Johnston, the executive VP of, a technology education firm, has now advised businesses that using accounting software is a good investment regardless of the size of a business.

Johnston notes that most UK companies have automated their accounting functions, as have the majority of those in the developed world. There is now large scale acceptance that accounting software is suitable for all enterprises.

Over the last ten years, a lot of solutions have been developed specifically for SMEs. Furthermore, accounting software prices can differ dramatically so that every firm should be able to find a suitably priced package.

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