It’s 2018. Everything is automated. “Hey Siri, write me a blog.” Well, I wish that worked… But seriously, Alexa can cook up your TV dinner. Why would you think that accounting can’t be automated? Because it totally can.
It’s 2018: Time to leverage the technology all around you
The cloud! It’s here! And while crystal blue skies are ideal, this cloud is here to stay. Software like QuickBooks can almost completely oust your need to even have a bookkeeper, so why do you have one? You can link your bank accounts to the software to keep your cash balances up-to-date, it creates automatic journal entries for you when said transactions are recognized, you can scan in receipts, you can automate payroll. I think you get the point. So why is your bookkeeper there?
Don’t lie to yourself, you love the tradition. You love the comfort. It’s all small business has known for the longest time. Paper ledgers, you know? That stuff. Well, it’s 2018 and it’s time to move on. Again, these types of software make it extremely easy to keep your books without a bookkeeper. Reevaluate your spending and staff and look at adding more value-added accounting services. There’s a reason that business owners hate paying bookkeepers, that reason being that they have to pay someone to keep track of things in the past for tax purposes and add no real value to the company in regards to operations or growing the company. Sorry bookkeepers, this is a generally true statement. I was a bookkeeper in my past life and it hurt me how little I could do to help the company in that role.
It’s 2018: Stop paying for stuff you don’t need and spend it on stuff you do
Instead, however, your company should look into getting financial analytics and business development assistance, whether in-house, or outsourced. These services will add tremendous value to your company and most of the time can assist with bookkeeping anyway. So if there’s a question about things or if you need a second set of eyes, they can provide that. But ultimately, being successful in business is all about making sure that everyone involved adds value and maximizes your dollars.
Once again, it’s 2018. The world is changing, and so is accounting. Get with the times, your business will thank you.
