Have you ever thought that there might be a better way to do some of the day-to-day accounting in your business? If you haven’t started using some of the many tools available to automate accounting, then there definitely IS an easier way. The tools available for automating these days are tried and true, vetted solutions that have become integral to many businesses.
For example, one of the more basic ways you can automate your process is to use the bank feeds in Quickbooks Online with properly set up “bank rules.” You can very quickly change a manual process of entering each date, payee and payment account –for hundreds of transactions, by hand – into an automated process where they auto-populate. Once automated, bank rules will dictate both the correct account and where transactions should be classified.
This is where Mahoney CPAs and advisors can help. We can help you complete the assessment and implement the processes you choose. We can either work with you to train your staff or we can run the processes for you. To find out more about why you might benefit from outsourcing your accounting, click here.
Automation can feel intimidating to think about. There are a lot of “automation” terms and jargon getting thrown around the internet: robotic processing automation, artificial intelligence, blockchain, machine learning, etc.
The reality of the accounting tools available now is that, like the internet and smartphones, the tools that just work and make sense for everyday users become useful parts of our lives. The sooner you can get familiar with them, the better. The goal is to change the focus of your workforce from manually entering data, to engaging with results and ultimately growing your business.
Mahoney CPAs and advisors have a deep knowledge of the most successful tools on the market and we test the most promising new tools as they become available. We do the legwork to vet which tools will work the best for you and can help you to start using them quickly and efficiently. Contact us today to assess your current system and create a plan.