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Is Your Small Business Accounting System in Need of an Update?


When was the last time you updated your accounting system? If you can’t remember the last time you modernized your accounting system or if your memories only extend to the point in time when you transitioned from paper to digital, it is time to make some enhancements. Our small bookkeeping team is here to help. Let’s take a look at some of the top signs that indicate now is the optimal time to update your accounting system.





Your Team is Still Using a lot of Paper Systems

The days of using paper for accounting have come to an end. Though some invoices are still printed and sent via snail mail, much of accounting has gone digital. Transition away from paper systems to digital systems and you’ll find your accounting system is much more efficient, quick and accurate.


Furthermore, an updated accounting system that is nearly 100% digital can be backed up with regularity, meaning all of the information will be saved. The same cannot be said of comparably vulnerable paper systems that can be rendered meaningless after a fire, flood or burglary.


Accounting Processes Take Forever

Is it taking longer than usual to complete your small business bookkeeping tasks? This is a prime indicator that it is time to modernize. Make the transition to a new, fully digitized system with the industry’s latest tech and you’ll find your accounting processes are so much faster. The heightened efficiency will also save your company time and money.


Modernize With the Top Tech

A business that is not modernized is a business at a significant competitive disadvantage. Update your tech with the addition of:

  • Advanced online accounting systems

  • Helpful online SAAS

  • Online bill payment

  • Electronic invoicing or POS systems

  • Web-based payroll systems

  • Internet accounting programs

The modernization of your tech used for your small business accounting processes positions your company to be more competitive as a result of enhanced efficiency and accuracy. Weave in these tech solutions and the stage will be set for your business to take on that many more clients.


Save Time and Money

Updating a small business accounting system will save you a bundle of money and also preserve your invaluable time. Your time equates to your money so it only makes sense to save as much of it as possible with small business accounting software that maximizes efficiency and accuracy. Choose the right software with the guidance of our small business bookkeeping experts and it won’t take long to notice a meaningful boost in efficiency.


Increase Accuracy

When it comes to small business accounting, accuracy is more important than anything else, including timeliness. It doesn’t matter if your small business bookkeepers or accounting software can crunch numbers in record time. What matters is that those numbers are accurate. Update your small business accounting system with the optimal software and you’ll process numbers and information faster than would have been possible using your company’s previously outdated systems. In fact today’s small business accounting systems are advanced to the point that they integrate with other platforms and allow for remote access so those working away from the office can collaborate in real-time.


Contact Bookkeeping & CFO Solutions 5280

Bookkeeping & CFO Solutions 5280, LLC is here to handle your bookkeeping, CFO, payroll and sales tax accounting tasks. Whether you need one, some or all of these challenges outsourced, our small business bookkeeping experts are up to the task. Reach out to us today to find out more about our number-crunching solutions. You can contact Bookkeeping & CFO Solutions 5280,LLC by phone at 720-608-6240 or by email at candice@bks5280.com.


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