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21st Century Bookkeeping Services

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21st Century Bookkeeping Services

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Bookkeeping has come a long way from its development in 13th Century medieval Europe, yet for too many people trying to find the best in bookkeeping services for their businesses, medieval bookkeeping reigns. One pictures a solitary bookkeeper, dressed in monastic robes, slowly logging transactions into a ledger in a candlelit chamber. 

From these humble beginnings in medieval Europe all the way to 19th century America, bookkeeping has remained essentially the same.  While larger companies have realized process and technology advancements in the past 100 years, bookkeeping for many small business owners has remained locked in the dark ages until recently.  

Andy-Hale-for-Web-2

A 21st Century approach to bookkeeping brings trained accountants and streamlined processes to the table, and makes use of new technologies which advance the efficiency and effectiveness to meet the business’ needs.  The needs of a modern business are not the same as a medieval merchant, and so today’s business owners must update their approach when seeking out bookkeeping services.

Bringing bookkeeping into the 21st century shouldn't be as difficult as removing King Arthur's sword from the stone.  To get your business there, look for a solution that provides the following types of improvements to unlock the bookkeeping magic:  

1)  PEOPLE - Get the best resources you can find.  If you are counting on your books, find best in class resources to manage them.  Local, CPA level expertise that can handle "bookkeeper through controller" activities is available at rates that will surprise you.  These fractional resources can even work from their own castle which will save you money and headaches.

2)  PROCESS - Use standard processes, workflows, and oversight to ensure accounting standards are met.  Make sure you build continuity into your process by going with a team-based approach.  Reduce transition risk associated with employee departure or unscheduled absence by creating your own round table so you don't have to re-train your troops ever again by going with a bookkeeping services company rather than an individual.

3)  TECHNOLOGY - The dark ages are over.  Even if you are a small business, you should have an integrated, full-cycle accounting software solution - A/R, A/P, cash management, payroll, audit-ready financials with document storage and sharing.  Utilize current accounting software packages that increase automation and minimize manual data entry.  Don't get on any accounting horse that does not have access to best-in-class tools such as TSHEETS, Bill.com, FundBox, SmartVault, InfusionSoft, etc.

If you are stuck in the accounting and bookkeeping dark ages, feel free to stop by our village for additional information:  http://www.supportingstrategies.com/texas

Andy Hale

Author:

Andy Hale

Andy is managing director at Supporting Strategies | Texas.

Legal and Tax Disclaimer

This website is created by Supporting Strategies to provide general bookkeeping and accounting information only. Supporting Strategies does not provide tax, legal or accounting advice, and the information contained herein is not intended to do so. As such, the information provided should not be used as a substitute for consultation with professional tax, legal, and accounting advisors, and you should consult with a tax, legal and accounting professional before engaging in any transaction.