Wave Small Business Blog - Wave Small ... - Wave Accounting

This post is written by guest blogger Josh Zweig, CA and member of the Wave Pro Network.

Accounting used to be all about the numbers. You would give your books to your accountant and they would check the figures, make a few adjustments and then tell you how much you owe in taxes. Today?s accounting is less about the number crunching and more about what you can do with that information. Software companies such as Wave are making it easier for business owners to automate their accounting functions and focus more on the big picture of running a business. Technology has changed the way we do accounting.

Accountants today have the power not just to reduce a client?s tax bill and organize their books, but also to actually improve the efficiency and growth of their clients? businesses. A client who still tracks expenses with Excel sheets and?manually matches invoices to deposit books is wasting valuable hours, which could be put into more important areas of the business. Even a client who has switched to cloud accounting software may not be taking advantage of all the functions available. An accountant who thoroughly understands the software their clients are using can add tremendous value to a business.

As accountants, we need to think of ourselves as not only experts in tax and accounting standards, but also in accounting software. Just as we attend professional development courses to stay up to date in tax trends, we need to do the same in accounting technology. As businesses embrace new applications and become more mobile, we need to shift our practices to suit their needs. The more we embrace technology, the more we see accounting as a dynamic process, the more value we can provide to our clients.?

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Source: https://www.waveapps.com/blog/

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