The growing number of online accounting software packages is indicative
of the need for more streamlined, more efficient and more
cost-effective bookkeeping as well as equipping business owners with
tools to maintain a proper understanding of their company finances.
How can an accounting software package benefit my company?
With these accounting software packages becoming increasingly
multi-featured, user friendly and (cost)effective, the question of
whether the human accountant is still relevant is raised more and more
frequently. Implementing bookkeeping software makes the user perfectly
capable of handling complicated accounting tasks and staying informed on
tax submission deadlines via automated updates, whether or not he or
she has an accounting background. The accounting software packages don’t
need holidays or salary increases and they work through lunch breaks,
making them the ideal virtual bookkeeper.
Agreed, but… can we really do without a human accountant?
Although accounting software packages are exceptionally accurate and
versatile, all that sophistication does not eradicate the human error
factor entirely. And while relatively uncomplicated to navigate, using
accounting software still leaves opportunities for the layman to insert
the wrong information in the wrong box which can have far-reaching
consequences. If, in the meantime, the accountant has already been asked
to look for a position elsewhere, problems are compounded as
‘stuff-ups’ will require in-depth bookkeeping skills to sort out. The
most convincing case for the human accountant is probably the
experience, innovation and intuition factor. While a computer merely
follows commands, critical thinking and new ideas are key factors in the
success of a business. A human bookkeeper can offer guidance, formulate
improved business strategies and more, which is critical to the
development and growth of any organisation.
In closing
When it comes to the question whether the human bookkeeper and
accounting software can and should coexist, the answer is a resounding:
“Yes”. When looking at it more holistically, the human bookkeeper and
his automated counterpart should form a strong allegiance as this can
play a significant role in the success of your organisation. While the
accounting software package can help reduce time and costs related to
day-to-day accounting tasks; when it comes to formulating innovative
business strategies and streamlining company taxes, the capabilities of
the human mind remain unparalleled.