Read Accounting Software Articles

Citizen Data Scientists are free to explore any data pathway, as long as it leads to findings that are worthwhile. However, why is it advantageous to begin with Accounting data? Here are 3 reasons why.

Ever since the advent of a new form of technology, overheads have been replaced with sophisticated gadgets to reduce costs and time. With every business today relying on some form of automation or digitization, it’s only normal to presume that professionals are tech-savvy, at least to a basic level.

However, the Accounting industry at large is still susceptible to under-skilled workers, or companies that haven’t embraced the maximum potential that the latest Accounting technology can offer. This can negatively impact all the entities that Accountants liaise with, causing a number of issues such as duplicate entries or erroneous transactions.

 

While everyone is straining for signs of hope in the current economic morass, the fact is that we're in a slump worse than any seen since the Great Depression. It's not hopeless, of course, but there's no use kidding ourselves that things are getting better right now. As Max Gunther wrote in The Zurich Axioms, "Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic."

 

At first glance, it might appear that all accounting software is pretty much the same, offering accounts receivable, accounts payable, general ledger, billing and a variety of other standard components. Yet beyond these core attributes lie dozens of other features, covering a vast array of functions and services. Some of these features can be considered indispensable. Many others, however, are marginally useful or nothing more than marketing gimmicks.