With the introduction of advanced accounting software, digital accounting has become increasingly popular and grown massively in the accounting industry. It can be a very confusing time trying to figure out which software is right for your business.
Here at Roger Hatherall & Company, we are an accountancy service in Bath offering a range of accounting services including digital accounting. We work closely with all clients and can help guide you through the transition from manual to digital accounting for start-ups or well-established businesses.
Our blog looks into what the benefits of digital accounting are and why you should consider it.
Saves Time
Due to the way in which accounting software can work through figures quickly and accurately, one of the most significant benefits is the time in which digital accounting can save your business. There are also automated features available that enable you to run tasks such as calculating taxes or salaries all in one.
Detailed Reports
Ideal for auditing purposes, accounting software is able to analyse your financial data from stock levels to cashflow profits and will generate detailed reports. This will help in keeping on top of your finances and allow you to clearly highlight any problems that may arise in the future to the revenue or cashflow.
Easy And Efficiency
With digital accounting, everything can be done by the click of a mouse. Common tasks can be performed faster and most programs have the function of automation built-in providing you with more time to focus on more important tasks and also reducing costs in the long run for your business.
Accessed Anywhere
With all the necessary tools and information accessible online, you will be able to access this information whenever needed. This can significantly improve work productivity and opens up opportunities for managing workflow. There is no need to bring everyone together and each can access the online document. Switching to digital accounting makes all of this possible.
Accurate Invoicing
Vital for any business, digital accounting ensures you are collecting accurate financial data for invoicing. Digital accounting software helps by automating the invoicing process and helps to avoid mistakes made, especially in comparison to manual invoicing.
Get In Touch Today
If you would like information about Digital Accounting with Roger Hatherall & Company, contact us today. Based in Bath, we can help whatever your requirements, we are sure to find a solution that’s right for you. Our team always provide a professional and friendly service. Make an enquiry and call us on 01225 429610 or fill in our contact form for a fast response.
