Accounting Automation For Business
Accounting automation helps to streamline businesses and simplify your accounting processes. Automation is completely transforming the accounting industry by pushing the modern day accountant to look beyond traditional work and practices and provide strategic insights around business.
Here are some benefits of accounting automation:
- Saving of time and money
- Improved accuracy
- A better understanding of accounting
- Thorough, customisable reports
- Faster customer payments
Late last year at our Business Growth & Automation 2018 Event, Rawson Baker spoke on the importance and benefits of accounting automation. During their presentation they mentioned Xero and Hubdoc and how they can help with accounting automation to make the processes simpler and more streamlined for SME businesses.
Rawson Baker are a 100% cloud based practice. Meaning that all of their practice software, email servers and data are all based and stored online. This prevents data loss and improves security of information given the two-step authentication process. By using such software within their business allows Rawson Baker‘s advisors to focus their energy on more important processes that are of higher significance to their clients
Xero and Hubdoc are both software that can greatly assist in automating a business and are tools that could help you in your endeavour to automate your accounting processes and streamline your business. Learn more about these two different types of software below.
Xero is online accounting software letting you streamline your accounting processes to let your business flourish as seamlessly as possible. If you’re looking to run your business as beautifully as you can, Xero could be just what you are looking for when it comes to accounting.
It is considered one of the best accounting software companies for small businesses given its ease of use and ability to help with automating function without creating more work for those within businesses utilising Xero. Their data is reliable and efficient and allows you to feel confident in this area of your business.
Here are just some of the ways Xero assists businesses with in accounting automation processes:
- Invoicing and Quotes
- Bank Reconciliation
- Going Mobile
- Paying Employees
- Purchase Orders
- Claiming Expenses
- Entering Bills
To find out more about how Xero could be what your business needs to step up its accounting game in this ever increasingly automated world, click here.
Hubdoc is a Xero product which converts your financial data like emails, receipts, bills and payments into usable data through linked accounts to allow you to automatically fetch bills, avoid data entry and sync your accounting.
Key benefits of Hubdoc are:
- Automated data extraction
- Auto- fetch client docs
- Quick and easy upload
- Xero integrations
Accounting automation is increasingly becoming more and more important for businesses to stay competitive in the current environment. If you are looking into accounting automation, consider using Xero or Hubdoc to help you. They make the processes much more simple and easily allow for you to focus on what is really important in your business practices and remain competitive.