Want to get more from your accountant? We look at ways technology can boost this important business relationship.
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Online accounting lets you share documents and data with your accountant. They can access an up-to-date view of your business at any time so they’ll always have a clear understanding of your cash flow in real time. And if you need some advice when you’re out on a job, you’ll know that your accountant has the most up-to-date data at hand.
Goodbye data entry, hello bigger picture
Online accounting means reduced manual data entry. Not only can that save you time every month, it means your accountant won’t need to spend so much time checking for manual data entry mistakes. With more time to focus on how your business is doing, they can offer more targeted professional support. Your accountant should be able to help you:
- Set goals and define a set of key performance indicators.
- Plan ahead for future growth, producing budgets and forecasts.
- Identify and manage your business’s flash points whether that’s stock levels, payroll or expenses.
Keeping track of your progress and targets has never been easier, thanks to instantly updated online dashboards which you’ll both have access to. Your accountant can then help you troubleshoot if problems arise.
Online accounting lets you share documents and data with your accountant.
Communication is the key to great collaboration with your accountant. Through QuickBooks Online, they can send you messages and document requests (with due dates), as well as identifying any causes for concern. You can track your tasks too, so you know you’re supplying any extra information as and when it’s needed. By staying in touch, you’ll make the most of your accountant’s expertise and allow them to become part of your business’s success story.