We have all had to adapt to the technology around us. Nothing has happened faster, and had a greater impact than the changes we have seen in technology the last 10-15 years. It was only 10 years ago that the first iPhone was released, and can you imagine life without a smartphone on you at all times?
Most industries and lifestyles have been able to adapt to this new technology that we are surrounded by. Some more so than others. When we look at the pencil and paper world of accounting, we see that it has taken quite some time for the systems and processes to get up to speed with the environment around it. However, there have been some great advancements made in the recent years for cloud accounting, like Quickbooks Online and Xero. Although the accounting world was a little slow to adapt, it is now a really exciting time to be in accounting because of these newer systems.
We are now able to automate and streamline the bookkeeping and accounting practices like never before. With these two systems up and running there have been a large number of third party applications that can integrate seamlessly. Bill.com, Expensify, and many others have truly changed the bookkeeping world. Now, we can do more with less, and if the systems are set up appropriately we can generate actionable financial information that can truly change the way small businesses operate to grow them like never before. We are passionate about seeing these systems implemented to full strength, and would love to help provide a customized system in place for your small business.
Please reach out to us if you need guidance on these new systems, or help with regular upkeep and analysis of your financials. Contact us.