A trusted advisor brings insight and strategy to your data analysis. Automation through software has revolutionized accounting and bookkeeping in so many ways, but it can’t replace the human being. Automated tools have made accounting and bookkeeping easier, more accurate, and more efficient. But automation cannot and will never take the place of human analysis and expertise. You cannot look at them as just another vendor. Think of them as an asset. They are your strategic financial partner with the experience and certifications to help you reach your goals.
Why automation can’t replace a trusted advisor:
Your trusted advisor can answer pressing questions that technology can’t.
You can use automated software for your bookkeeping and taxes. But even the most advanced technology can’t answer your specific questions. Did you conduct business in another state? Did you adjust your business model in response to the COVID-19 pandemic? You might be able to search for some of this information online. Even so, only a professional can give you a thorough response to your queries. That’s because professionals train to work beyond the numbers and ask the right questions. They can look at trends and offer big-picture analyses that most automated tools can’t.
Your trusted advisor can offer insight into key business decisions.
A strategic financial partner provides services well beyond keeping your accounts up-to-date and accurate. They help develop business strategies and analyze trends and discuss strengths and weaknesses. Accountants can also use past industry trends to make forecasts for the future.
Your trusted advisor can use technology and automation to improve your business.
Even before the pandemic, many accounting tasks became automated in recent years. In some ways, this has been a great development. After all, automated accounting processes can optimize workflow and improve accuracy. But this technology is often only as useful as the person wielding it. For example, cloud-based software can usually automate repetitive tasks and is a good tool for any business owner. But a human can use such tools to generate reliable analysis and make recommendations. If you want to run a successful business, you should have a trusted accountant or bookkeeper. Remember, they are an asset to be used to help grow your business.
Automated processes are not infallible.
As a business owner, you might wonder why it isn’t enough to use the software yourself. Yes. Automation should improve accuracy and save you time. But even the most advanced Artificial Intelligence (AI) can still expose you to fraud and other security concerns. The system still needs a trusted advisor to make sure everything is accurate. Reporting is only as good as the information put into the system in the first place.
In the long run, you’ll get more from working with an expert than you will from software alone.
Given the chance, an accounting and bookkeeping partner can do far more than help you file your taxes, input data, and create reports. If you’re diligent, you can find someone with training and experience to provide analysis and strategy. That means they’ll be able to answer questions specific to your focus areas for growth. And if you’re willing to meet with your trusted advisor on a regular basis, you’ll benefit even more. They’ll get to know your business and offer you niche insight that you wouldn’t be able to find anywhere else.
What does this mean for the future of accounting?
There’s no denying that automation has changed the accounting and bookkeeping landscape. But while cloud-based software can be useful, it can never replace human insight. Technology can’t offer you specific solutions in the way that an accountant can. Bookkeeping software can’t help you verify data accuracy in the way that a bookkeeper can. Instead, the best accountants and bookkeepers are those that are growing with technology. These professionals are leaning on automation to expand the services they offer.
Adcon Business Solutions
Here at Adcon Business Solutions, we know that automation is the future. But we’re not worried — as accounting software grows more advanced, so do we. That’s because our team knows how to best use technology to serve as trusted advisors to our clients. We work with automated tools to provide comprehensive analysis, insight, and recommendations. So, are you ready to take your business accounting and bookkeeping to the next level?
Reach out to Adcon Business Solutions today at (714) 369-5859 or (909) 896-8005!