The same is true when it comes to accounting. Just like new tax laws going into effect this year, tax, accounting, and bookkeeping software has to keep up with the times.
When it comes to accounting and bookkeeping, how are you, or your accountant and bookkeeper, keeping up with today’s latest high tech choices? Here are some ways Brigade helps clients keep their books in order with information technology:
- AUTOMATED WORKFLOWS – There are a lot of great apps on the market today to help manage and automate your bookkeeping and accounting workflow. Blockchain is an online ledger that helps accountants track financial transactions within a supply chain, reduces paperwork and automates audits. The best part is, everyone who you want to view the system, can.
- CLOUD ACCOUNTING – If your accountant or bookkeeper is still using paper ledgers, you may want to question their tech-savvy. Cloud-based accounting and apps have been around for years and do everything from invoicing, to payroll, to taxes. Cloud accounting is one of the best ways to update and share your company’s important bookkeeping information with your senior staff.
- EDGE COMPUTING – While cloud computing is extremely popular with accountants and bookkeepers, many are now turning to Edge Computing. Edge Computing allows us to host accounting software on a local server, which can reduce costs and increase efficiency.
- STREAMLINING – These days, small business owners want a way for all of their financial information to sync together and transfer across departmental lines. One of the ways companies accomplish this is by streamlining and integrating operations. Accounting and bookkeeping software can now be linked together with marketing programs such as Customer Relationship Management (CRM) and Content Management Systems (CMS) software. This will allow all of your departments to interact and work together to increase the bottom line.
- ARTIFICIAL INTELLIGENCE – The future of accounting may lie in increasing automation of basic accounting tasks, like data processing. It may seem like science fiction, but accountants are now turning to something called machine learning to help simplify payment processing, expedite audits, and lower fraud risks. They are doing this with smart machines that can provide comprehensive assessments in hours rather than days.
As a bookkeeper, who happens to be an accountant, I started off learning with a ledger, a pencil and a calculator. I’m not that old, but those are the basics. Nowadays, if that’s all your bookkeeper is using, it’s time to give Brigade Bookkeeping a call and get a second opinion. We use the latest technologies to streamline processes and help our clients have their financial information at their fingertips. Let us know if we can help.