If you still use spreadsheets and physical bank statements, bills and receipts to track your company’s finances, then you will know how error-prone and time-consuming it is.
There are two ways to solve for this:
- Pay an accountant to capture and reconcile your transactions in a proper accounting system.
- Do it yourself
You can save time and frustration for yourself by outsourcing this function to your accountant. A qualified and experienced accountant will ensure that financial records are up to date, accurate and in compliance with laws and regulations. The accountant also serves as a trusted business advisor on how to manage cash flows and expenses.