How to Benefit From Technology As An Accountant

No matter how many times you look over a set of numbers, there’s always the risk that one piece of data is wrong; throwing off your audit results and putting you in a tricky spot.

However, with the ongoing development of SaaS, the risk of human error is close to being eradicated. 

By using different digital platforms, you can not only be more efficient with your time – and offload those pesky admin tasks – but you’ll be providing a better quality of service as a result.

Doesn’t that sound ideal?

Step 1. Upgrade Your PC

Before you start downloading a tonne of new applications, you want to make sure your computer can handle them. 

If you’re still relying on an old laptop that does little more than load excel, you might need something with more processing power. 

That doesn’t mean you have to say goodbye to convenience, though. 

If you find yourself working anywhere from your designated office in the mornings to a coffee shop in the afternoons, thankfully, there are plenty of light and modern devices that might suit your needs.

For more guidance, check out our full review on what computer to buy as a finance worker.

Step 2. Invest in Cyber Security

Then, when you’ve done so, you need to proceed with caution. If you want to start using SaaS that’s designed by someone else, you might expose yourself to cybersecurity risks, where the majority of UK businesses have already been a target of an attack in 2022 alone (whether successful or not). 

Although that sounds like an intimidating statistic, by being careful and purchasing cybersecurity as a matter of priority, you put yourself in an excellent position to benefit from technology… not be harmed by it.

Step 3. Browse Your SaaS Options

Now, you’re finally ready. 

There are tonnes of software options out there that can help you complete your daily tasks as an accountant, and the majority have been proven to improve productivity. 

Some, like Xero, might require a conversation with either:

A. Your CFO if you’re in-house.
B. Your client if you’re a freelancer.

 In order to convince them they have the opportunity to spend less time bookkeeping.

Other SaaS options include:

1. Quickbooks 

Pair an intuitive interface with an in-depth accounting ability that keeps businesses on track and ensures proper management of their accounting and finances. 

Quickbooks provides a clear overview of incomes and outgoings to inform appropriate decision-making and ensure budgets aren’t being blown.

2. Oracle Netsuite

NetSuite seamlessly couples core finance and accounting functions, which improves business performance while reducing back-office costs. 

With real-time access to live financial data, you can quickly drill into details to quickly resolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements.” – Technology Advice

3. BigTime

As an online billing solution, BigTime is used by accounting service firms across the world. It provides integrated management solutions with bookkeeping applications to manage individual expenses and ensure business profitability.

The Benefits of SaaS for Accountants

The SaaS market is booming.

It promises countless advantages, including data security, and accountants would be remiss to stick their heads in the ground and ignore what’s going on in the world around them. 

Find out how Keytech can help. Book a discovery call or ring 0113 531 5400 to see how we can unlock your potential, together. 

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