Accounting & bookkeeping has seen great developments in the last several years.
The arrival of software & automations with bank connections has produced enormous process efficiencies & cost reduction.
Traditional brick & mortar accounting firms are experiencing rising costs & a fall in value of their services.
Access via the internet combined with new software connecting skills & information that we’re previous expensive acquisitions.
Add in the progress of data transfers & managing companies accounts, making financial submissions & the ability to outsource the whole process, has streamlined the entire process & made it available to companies large & small.
Particularly for companies working online or using internet leveraged software, your accounts, customer data & operations can be connected like never before, especially via software integrations further automating processes.
With company requirements along with providing the insights into your businesses performance, setting up & maintaining your bookkeeping is of the utmost importance.
At Digital Decentral we highly recommend prioritizing your accounting process when setting up a business.
With the need to keep your financial records in compliance with the authorities for most jurisdictions, it is best to start early rather than working backwards.
Keeping your accounts accurate as you move forward reduces work & prevents errors.
When starting out, a lot of businesses fail to see the importance of their bookkeeping & only think of it in terms of submissions.
However, a company’s accounts can be a powerful tool that gives an insight into a businesses activities & should be chiefly used to inform & empower your decision making process.
If you would like help with your bookkeeping you can access our experienced team for low cost & accurate accounting.
We are a UK based company provide services to individuals, startups & small businesses.