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The State of Accounting in Australia: assessing accounting industry best practice in 2024

Explore “best practice” in the accounting profession in 2024. How does your practice compare?

Discover the emerging trends, challenges and opportunities for accountants in 2024 in our landmark report series collating and analysing the results of over 400 Australian accounting professionals.

Accounting practices can use these reports as tools to identify how they stack up against leaders in the industry, with actionable insights for driving practice excellence and aiding their business growth strategies.

About the reports

The State of Accounting in Australia 2024 report series was commissioned by the Access Group and created by Agile Market Intelligence.

As the research arm of Momentum Media’s Accountants Daily brand, Agile Market Intelligence has access to the highest performing accounting practices in Australia, to paint a comprehensive picture of the best practices currently shaping accounting in Australia.

The findings contained in this report highlight some of the wider trends in the accounting industry in Australia, including:

  • How accounting practices of different sizes are approaching growing their business.
  • How they have adopted common technology solutions, such as accounting practice management software, and how this correlates with greater visibility, revenue, employee motivation and productivity.
  • How and where practices are focusing their efforts in advisory for maximum impact.

We hope these findings will spark some questions and ideas on what success looks like for your accounting practice.

Key findings from The State of Accounting in Australia 2024 reports

Each study in our report series showcases industry trends collated from over 400 Australian accounting practices.

%

Do not have complete visibility over their practice’s health

%

Are likely to meet their annual revenue targets

%

Say their clients expect advisory and other expanded services