7 reasons to use technology in your business
There are plenty of bookkeeping and accounting firms out there – but not all are created equal. How they use technology sets some apart from the rest. When choosing your bookkeeper, hire one that understands the power of technology – namely, cloud accounting.
With the right tools and the support of a great team, you can make your life easier and boost your business at the same time. Here’s how you benefit from technology in your business:
This is the main reason to embrace accounting technology – it saves you a ton of time. Say goodbye to data entry and receipt sorting and put that time back into your business.
Set up automatic bank feeds and simple reporting tools to gain your time back. Your bookkeeper will be able to clearly see what’s going on in your business and use that information to guide you to success.
You need access to up-to-date, accurate data to make sound business decisions. Cloud accounting allows you to access reports, dashboards, and other information any time, from anywhere. There’s no need to go into the office and boot up your clunky accounting software to see where you stand.
That’s why tech savvy bookkeepers encourage switching to the cloud. It allows busy business owners to get the information they need on-demand. Make sure you can always access your numbers so you can make smart decisions.
Automated invoicing is a gamechanger for business owners. Cloud accounting technology allows you to send invoices to customers effortlessly and track progress on the payment. If something isn’t paid, an automatic follow-up is sent.
You’ll notice right away how much less time you’re spending chasing down payments.
Invoices, taxes, and payroll for your business
You can set your software up so it works perfectly for your business. There’s no generic one-size-fits-all template when you embrace accounting technology, you get exactly what you need based on your business.
Apply necessary fees and taxes automatically to reduce the chance of a billing or payroll error. You can get as specific as possible, right down to local fees. Customizing your tools to your exact needs saves a lot of time and makes everything so much easier.
Collaborate easily with your team
When you adopt tech-forward accounting, it’s easier to collaborate with your team. Get advice from your bookkeeper as charges and expenses come through – no matter where you are. Real-time support helps with business planning and tax minimization, and eliminates the guesswork involved.
Because you can grant and restrict user access as-needed, your partners and financial team are able to see everything they need any time. No need for a meeting or phone call, unless you want to stop by for a chat.
With traditional accounting software, growing your business is time-consuming, difficult, and expensive. That’s no longer the case. With cloud accounting you’re able to take the next step as soon as you’re ready.
As a Xero & QBO certified advisor, your bookkeeper will optimize your system to help you identify opportunities for growth. Cash flow reports can be easily generated. Tax planning becomes a snap, too. Technology opens a lot of doors to growth that you just don’t get with traditional bookkeeping methods.
Say goodbye to maintenance
The need to install, run, and update applications on a centralized computer is eliminated when you use cloud accounting. Think of all the time, energy, and money you can save by taking that part of the equation away.
There’s a lot to consider when looking for bookkeeping services. The use of technology in your business shouldn’t be one of them. When you look at all of the benefits, it’s a no-brainer – technology makes things easier, which allows your business to thrive. Get in touch to learn more about bringing the power of cloud accounting to your business.
I hope you gained some value from this!