Whereas over 85% of accounting duties will be automated, too many corporations are nonetheless buried underneath guide spreadsheets, e-mail follow-ups, and redundant knowledge entry (Accounting As we speak).
The most important drawback is that guide work isn’t simply tedious. It drains billable hours, will increase error fee, and retains your workforce from specializing in higher-value advisory work.
However there’s excellent news. This definitive record breaks down seven accounting duties your agency can automate, so you possibly can reclaim your time and construct a extra scalable agency (and also you gained’t want so as to add headcount to begin seeing outcomes).
Let’s dive into the seven processes that may make the most important impression.
1. Accountants Receivable
Late funds throw off money circulation and create pointless stress. You probably did the work. They agreed to the work. So, the place’s the cash?
Getting paid needs to be the best a part of your job, and with accounting automation, it may be.
Through the use of accounting software program automation to set off invoices robotically at undertaking milestones and schedule recurring fee reminders, corporations are getting paid as much as 58% sooner. Meaning regular money circulation and fewer month-end scrambles.
Accounting Automation Tip
Arrange bill technology and reminder sequences tied to undertaking completion levels.
2. Knowledge Entry
Guide knowledge entry is the productiveness killer that refuses to die. Whether or not you’re keying in financial institution transactions or categorizing bills, it’s time-consuming and error-prone.
Automating knowledge entry duties eliminates duplicated work, reduces errors, and frees your workforce to deal with client-facing insights as a substitute of typing numbers twice.
With AI-powered accounting software program automation, corporations can use sensible categorization and doc parsing instruments to robotically import, match, and reconcile knowledge, chopping hours off month-end shut.
Accounting Automation Tip
Leverage AI instruments that pre-fill knowledge from uploaded paperwork and consumer historical past to cut back guide enter.
3. Reporting
In the event you’re nonetheless compiling studies manually or chasing down workforce members for standing updates, you’re losing priceless time.
With automation, real-time dashboards and scheduled studies preserve you knowledgeable with none guide effort.
Corporations that undertake automated reporting instruments can floor key metrics like turnaround instances, capability, and realization charges in seconds.
Accounting Automation Tip
Use customizable dashboards that sync throughout time monitoring, billing, and workflow programs for a whole image.
4. Month-Finish Shut
In case your month-end shut nonetheless seems like chaos, you’re not alone. Guide consolidations and unclear job possession make the method drag.
Automation solves that with recurring templates, workflow triggers, and job dependencies that assign, remind, and escalate robotically.
Your workforce all the time is aware of what’s due, what’s subsequent, and who’s accountable while not having to chase standing updates.
Accounting Automation Tip
Construct automated job sequences that set off primarily based on due dates or knowledge completion to get rid of bottlenecks.
5. Shopper Communication
Shopper communication shouldn’t really feel like an inbox warzone. Countless back-and-forth emails waste hours and create alternatives for issues to slide by the cracks.
Automated consumer communication instruments deal with routine updates, reminders, and doc requests, conserving purchasers knowledgeable whereas releasing your workforce for billable work.
Accounting Automation Tip
Use consumer portals that automate reminders and manage consumer communication in a single place.
6. Doc Administration
If “Client_TaxReturn_v2_FINAL_FINAL.pdf” sounds acquainted, you’re overdue for automation.
Guide doc administration wastes time and dangers errors. Automation brings AI-powered file naming, tagging, and categorization, guaranteeing all the things is correctly saved and immediately retrievable.
With sensible folder guidelines and model monitoring, corporations keep organized and compliant with out fixed oversight.
Accounting Automation Tip
Automate file routing by consumer, undertaking sort, or service line to get rid of guide uploads and cut back chaos throughout tax season.
7. Insights
When your knowledge lives in disconnected spreadsheets, you miss out on insights that might enhance profitability and workload steadiness.
Automated analytics flip your knowledge into choices. AI can flag anomalies, determine traits, and aid you spot inefficiencies earlier than they turn out to be expensive issues.
With accounting automation instruments, you possibly can ask natural-language questions like, “Which purchasers are overdue?” and get solutions immediately.
Accounting Automation Tip
Undertake analytics dashboards analytics dashboards that combine throughout billing, workflow, and time monitoring to maintain agency leaders knowledgeable in actual time.
Automation for Accountants
42% of finance actions may very well be absolutely automated, however solely 37% of accountants really automate their processes. The corporations main the trade aren’t hiring extra individuals, they’re automating what slows them down.
Whether or not it’s sooner billing, smoother month-end shut, or smarter communication, automation for accountants is the aggressive edge.
You don’t want a full tech overhaul to begin seeing outcomes. Start with just a few small wins, like automating doc naming or recurring consumer requests, and watch your time (and sanity) return.
Searching for trendy, easy-to-use software program that helps your workforce work smarter, not more durable?