Is automation the next step for your bookkeeping firm? The future is NOW — and that means we don’t have to keep doing our bookkeeping work the old-fashioned way. Automation tools may help you improve efficiency in the workplace while also eliminating the tedious, repetitive tasks that take up your valuable time. And what does more time mean? More chances to work directly with your advisory clients conquering the problems that need the most attention! 

The bookkeeping landscape — just like that of many other industries — is changing. With recent technological advances, there are more opportunities than ever for streamlining your bookkeeping processes. 

Automation Tools for Bookkeepers

Do you have no clue where to start with automation? Well, here are some of the common ways that bookkeepers use automation to improve processes at their firms. 

  • Cloud-based accounting software: Accounting software can automate repetitive tasks, such as invoice generation and bank statement imports.  
  • AI: Machine learning can help you to make predictions and detect anomalies. 
  • Reconciliation: Automation tools can be used to reconcile bank accounts automatically. 
  • Data Extraction: Automation can also be used to extract data from documents like invoices and receipts. 

Automation & Client Advisory Services

Automation allows you to be more strategic about the way you spend your time. The ability to automate simple, repetitive tasks can be a game-changer when it comes to client advisory services, which require a lot more brainpower to tackle and therefore need more of your time and attention. Automated, customized reports can also help you to break down relevant data for your clients. 

Improving Client Relationships Through Automation

Unfortunately, you can’t be everywhere at once. That’s why automation is so handy when it comes to enhancing your clients’ satisfaction. Through the use of automotive tools, you can give your clients the means to view financial data in real time, collect client feedback, and communicate important information through automated emails and replies to basic questions. 

Things to Consider When Integrating Automation

Like with all new tech additions at your bookkeeping firm, there will be an adjustment period. It’s important to pick the right automation software for your business, one that integrates well with your other apps. You’ll also need to train your staff on how to use this new technology. But the good thing is, once everyone has the hang of it, they’ll be able to focus on their important advisory work. 

Don’t forget to check out our other blog on integrating automation at your bookkeeping firm!