With any new asset class, it pays to be proactive and stay ahead of regulation as an audit can derail operations and take up valuable resources instead of focusing on your core business.
Many CEOs do not place enough emphasis on the link between their core business and the accounting function within their companies. Accounting impacts every department and can help or hinder the ability of a company to expand.
Accounting is integral to effective strategic planning, but what can you do if it takes all month to close the books? Technology enables us to spend more time as trusted advisors and truly elevate the accounting department within our organizations.
Accounting is a big part of keeping your company on the right track. Without accurately tracking income and expenses, managing invoices, and monitoring cash balances, it can be quite hard to properly budget and manage revenue in a productive way
What's the point of using accounting software, whether cloud or desktop, if you need to export the data every time your want to present a consolidated balance sheet & income statement?
The upgrade from your small business accounting software will be a substantial investment. Mid-market general ledger accounting systems are significantly costlier than Quickbooks and Xero, which is in addition to the time and resources associated with implementing new accounting processes.