See full profile: Midrand Accountant - Lungi Nkosi
When meeting with clients do they mostly come to your own premises or do you mostly go their theirs?
I mostly go to my clients.
What is your preferred mode of communication with your clients?
Email, phone.
Have you ever done an online video call with a client?
Yes.
What do you love most about accounting?
Accounting forces you to find a solution, think on your feet and improvise.
Would you recommend accounting as a career for school-leavers, and why?
Yes, the finance industry is one of the oldest sectors in the world, it is diversified and there are plenty opportunities.
What qualities should South African business people be looking for in their accountant?
They should look for an accountant that is registered with professional bodies. professional bodies ensure that accountants are up-to-date with the technical updates and in doing so ensures that the clients receive the best services.
What is the biggest challenge facing accountants today?
Most businesses do not understand the importance of an accountant. They tend to want accounting services for almost no consideration and this is a challenge because accountants provide expert services that are fundamental to the growth of any business.
What aspects of accounting do you focus on most?
Financial management, providing clients with an overall view of their financial situation.
Describe your average client:
Small business with turnover of less than R1 million.
How far away from your premises is your furthest client?
Nelspruit.
From your accounting experience, if you could cite one of the biggest reasons SME's in SA fail, what would it be?
Business owners underestimate the importance of compliance with laws & regulations, accountants and financial management.
What accounting software do you like best?
Draftworx.
What other software, online services or apps do you use?
Sage.
Do you think the coming wave of automation in the next few years will steal some accounting jobs and why/why not?
No I do not think some accounting jobs will be lost . The change will focus on jobs that rely on evaluating rules and patterns. Accountants will be required to analyse and use judgement. the jobs that will be affected most will be tax accounting and compliance careers. Historically, careers such as tax accounting have had a heavy emphasis on line-by-line reviews of documents to spot anomalies based on a rules. With greater automation and artificial intelligence, these jobs will up-level to require greater analysis and judgement.
What is your opinion on Bitcoin?
I think Bitcoin has changed the world of crypto currencies. Bitcoins are recognised as currency in many countries and I think they are here to stay.
What do you enjoy doing in your spare time?
I go hiking and I enjoy finding ways to grow my business and expand the services I provide.
What has your experience been on FindanAccountant?
My experience has been wonderful. Most of the clients I have found me on this platform.
See how our other local South African accountants have answered the above questions.
