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Bookkeeping Automation is the Future


Most of what we do in our day-to-day lives operates through some method of technology: banking on a mobile app, ordering products online, hailing a car service, etc.

Bookkeeping services are also heading in the direction of automation as technology continues to advance quickly. With artificial intelligence at work, we see new apps and programming with automatic data entry and to streamline the bookkeeping process. We craft a plan and integrate a system specifically designed for your business. Every business is different so we dig down through the trenches and customize a system that will not only save you time, but money.


2 AUTOMATION APPS WE LOVE!

Expensify​:

This app is great for tracking items that you pay for with cash. Simply take a picture of your receipt and upload it directly into QuickBooks. Paying with cash can get a little overwhelming at times and hard to track. Generally, we recommend that our clients open up a credit card that is used exclusively for business. This way we won't have to dissect each transaction from statements at year end.

MileIQ:

Excellent application for tracking your business miles. The IRS rule for deducting automobile expense says to keep a contemporaneous diary of the start and finish point of your duration. This app does it all for you. It eliminates the need for that "old school" diary and digitizes the process. QuickBooks Online Self-Employed also has a good mile tracker built in directly to the software.


WILL AUTOMATION PUT MY BOOKKEEPER OUT OF BUSINESS?

Absolutely not! While automatic tracking and data entry would take away some of a bookkeepers daily tasks, we all know that technology is not perfect. There is always a lot of margin for error and that is where you'll need to rely on your bookkeeper for the personal assistance needed for your business and personal finances.


HOW DO MY BOOKKEEPER AND I BENEFIT FROM BOOKKEEPING AUTOMATION?

Bookkeeping automation allows you or your bookkeeper to spend less time tracking basic data. That means he or she has more time to find ways to maximize your financial growth in your business and individual endeavors. Automation allows bookkeepers to focus their expertise on those tedious entries and transactions that are crucial to business owners and entrepreneurs. You benefit because your priorities come first. There will be no more spending time on Sunday afternoons categorizing transactions and paying bills while watching football. Instead, transactions will be updated in real time while you sleep! What's better than that?


FINAL THOUGHTS

All in all, bookkeeping automation is an exciting development for the industry and we have the automation system down to a science. Regardless of the changes in our profession, CBAuthentix is always committed to adopting the latest bookkeeping practices in order to improve efficiency and make what was a painless process easy!


Chris Boyer

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