myCPE

Accounting application versus accounting platform - what’s the difference? 1 Credit 1 Credit

Oct 22, 2020, 11:30 AM ET

Accounting application versus accounting platform - what’s the difference? 1 Credit 1 Credit

  • Tony Zorc

    CPA (US), BS

  • Rating

    4.4

  • Published on

    December, 1969

  • Subject Area

    Business Mgmnt and Org

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Oct 22, 2020, 11:30 AM ET

Learning Objectives

  • To differentiate between big and small; applications and platforms.
  • To identify the real reasons for caring about it
  • To recognize the design of applications and platforms
  • To identify when to recommend an application or a platform to a client

Course Overview

Growth in business takes place in two primary ways: complexity and uniqueness. As your business grows, you also must understand the complexity and uniqueness in your clients’ financial requirements. If you want to provide accurate advice to your clients depending on the growth pattern of their business as an accounting, taxation, or finance professional, you need to understand the concepts of accounting platforms and accounting applications. This is why the differences between an accounting platform versus an application matter.

One enables you to grow freely and adapts to this growth, while the other doesn’t. Whether you’re a C-level executive, a division or department lead, IT administrator, or company accountant, this impacts your work. Remember, accounting data is tied to sales, support, and operations. 

The accounting system structure directly impacts how fluidly other applications and departments can understand and process accounting information. The definitions of Accounting application and Accounting platform is: 

  • An accounting application is a software program that captures and records all accounting transactions. It often divides functions into modules such as accounts payable, accounts receivable, inventory, and more.
  • An accounting platform is an open environment where you can grow and scale your accounting and financial management. A platform allows for seamless connectedness between multiple softwares, enabling users to run their entire business in one ecosystem. 

This webinar delves deep into the subject with a long-term vision of success. This webinar will help you : 

  • To understand the basic differences between an accounting platform and accounting application.
  • To choose an application or platform that just fits your current needs at the time is an expensive proposition
  • To automate the business process using accounting application or platform.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
License details Credits Status
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.com.

About Instructor

Tony Zorc

Tony Zorc , CPA (US), BS

Chief Executive Officer (CEO), Accounting Seed

  • 4.4
  • rating
  • rating
  • rating
  • rating
  • rating

Leveraging his combined experience in public accounting, finance, and IT, Tony Zorc started Accounting Seed in 2008 with the goal of creating an innovative, open architecture accounting application on the Salesforce platform.

Tony designed this technology to embrace the CRM mindset of not forcing users to perform business processes the way a software maker designed, rather providing a toolset empowering the users to determine how to best organize and manage the back office. This defining quality of the Accounting Seed product has led to the company’s continuous vertical growth over the next 10 years.

Under Tony’s leadership, Accounting Seed has sold over 14,500 licenses to customers worldwide and throughout many industries. Tony’s unique approach to accounting software has earned Accounting Seed a place among CFO Tech Outlook’s Top 10 Accounting Solutions Providers – 2018 and #1 Accounting Solution by SoftwareReviews - 2019. Tony has also been featured as a guest on Worldwide Business with kathy ireland®, where Accounting Seed was recognized as a revolutionary and successful business tool.

Before starting Accounting Seed, Tony worked as CPA at BDO, performing a broad range of financial services such as auditing and tax preparation for customers. At Herman Miller, Tony worked as the International Finance Manager where he directed internal audits and managed the finances for international subsidiaries. He then went on to serve as a Controller and CFO for Accelera Romaro. Later, Tony transitioned into software consulting to pursue his growing interest in IT. Working as a Solutions Architect for SSI Consulting, he sold and implemented Microsoft mid-market systems, serving dual roles as a Presales Engineer and Technical Sales Consultant.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (59%)

Very Good (26%)

Average (11%)

Poor (3%)

Terrible (1%)

EWW

Erica W White, Auditor

5

The webinar was very informative and presented to initiate thoughtful anticipation. It did run a little over.

MS

Michael Sholl, CPA (US)

5

No comment

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