Digitalisation in accounting is the cornerstone of modern productivity

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The concepts of efficiency and productivity weren't invented by the younger generation of entrepreneurs and lecturers. In every serious accounting service, the questions of how to organize work processes optimally and how to guide the client through the month have always been addressed. However, many good practices – such as systematic archiving, labeling, Dofe and IFE folders, barcode usage, and much more – are now being replaced by digitalization and related systems.

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Adapting business processes to make accountants more productive

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Like other organizations, accounting services are subject to constant changes – especially in recent years with the advent of digitalization. However, as I defined in the article about Digital Accounting Confusion, simply digitizing business operations (for entrepreneurs and accountants alike) doesn't automatically lead to increased efficiency. So, what are the fundamental steps that accountants need to take for greater productivity?

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Digital accounting confusion

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I admit that when it comes to bookkeeping, I often think to myself – well, where have we come to? I'm talking about the work of accountants and how the volume of documentation we process is not decreasing but, on the contrary, increasing. The number of invoices, transactions, and everything related to them is growing. There are more and more parameters and thresholds that you, as an accountant, have to monitor. And all of this is supposed to be included in the price of our services. But how can it be, when business has become 5 times more complex than before?

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How does inflation affect accountants?

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There is a lot of talk about inflation – but usually, we think about the costs of energy, food, and the like. However, inflation also has a significant impact on small businesses in the service sector, especially accountants. And it's crucial that they maintain a high level of efficiency.

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Employee benefits - what's new and what's staying

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There have been several updates regarding reimbursements for business trips recently. The latest change involves an increase in the non-taxable portion for commuting and business travel reimbursements. Accountants won't be bored – with all these changes, it makes sense to summarize what each party is entitled to in one place.

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