The 21st century is easily defined by its budding technological advancements, which have touched every corner of every industry across the globe. Accounting departments, for example, have been able to surpass the statistics of human error by implementing automated methods of data entry. And as online bookkeeping services become more advanced and more widely available, companies are placing a bigger focus on the quality and usability of their data. Suffice it to say, manual data entry is quickly becoming a thing of the past.
Top 7 Ways to Reduce Manual Accounting Data Entry
What can you do to reduce manual data entry in your own business? How can you start to integrate advanced technologies with your accounting department to reduce human error and improve the quality of your books across the board? Read along with Indevia as we describe the top 7 ways to reduce accounting data entry for your franchise.
Secure Smooth Data Immigration
One of the biggest reasons why companies big and small will stick to their guns and continue investing in manual data entry is because they fear that all of their data will be lost when transferring to a new program. Or, the new program is going to be too complicated to figure out, resulting in the loss of familiar data patterns. It is essential to find an automated software solution that ensures smooth data immigration and the ability to alter or secure your data in a way that makes the most sense for your operations.
Identify Functions in Need of Improvement
While manual data entry has existed for thousands of years, companies should not be afraid of the revolutionary boons that can come from automating their accounting services. It is no secret that manual data entry contributes to quality loss for companies in all industries and services, making advanced accounting solutions all the more imperative. Now is a good time to carefully examine your data entry functions and identify the areas that need major improvement.
Many companies fail to integrate automated software into their outdated accounting solutions because they simply do not understand how vital it is to the continued smooth running of their business operations. Any kind of automated data entry software will adapt to the needs of your company, helping you identify areas in most need of these advanced services. And don’t worry, automation does not take away from the vital need for humans in accounting – it just makes data entry and calculation much easier.
Find Procedures That Work for You
When you are first getting set up with a fully customized and automated accounting platform, you will have an opportunity to familiarize yourself with some of the major procedures you will be able to implement into your accounting department right away. This is the perfect time to assess exactly what needs to be changed in your accounting duties and what must remain the same. Create a roadmap highlighting important daily, weekly, monthly, and yearly actions that can be completed with the help of personalized accounting scripts automated for your success.
Select Your Software
There are many stellar solutions out there to help you integrate automated accounting features into your business, slowly revolutionizing even the most mundane bookkeeping tasks to get rid of human error and boost your company’s financial health. When you find the right automated accounting solution that fits the needs of your small business or franchise, you will quickly see how even the smallest and most seemingly inconsequential accounting activities can be transformed to increase your opportunity for financial growth and, ultimately, a bigger bottom line.
Identify Automation Improvements
After spending a short amount of time with your new automation software, you will easily see how many components of bookkeeping can run more smoothly and without such a big risk of error. After making improvements to important daily functions, you can stretch the benefits of accounting automation even further to include IT cybersecurity, data system centralization, paperless transaction tracking, multi-data management, KPI analytics processes, tax audits, and much, much more.
Customize and Develop Your Own Financial Dashboard
The most concise way to reduce accounting data entry is to simply wipe it out altogether. This is done with the direct implementation of an IT-focused, customizable, and fully automated accounting solution that takes your company’s unique needs into account. Indevia offers advanced accounting data entry support through a number of intuitive services designed to support your accountants and ease the burden of perfection while simultaneously improving your financial health.
Get the right kind of data entry support with a program that manages your accounting needs 24/7. Indevia offers an all-in-one accounting solution for small businesses and franchises struggling to make up for past human errors. Get started today by contacting us and letting us know about your financial goals.