For most companies, accounting is a vexed subject and yet, unfortunately, a necessary evil. I’m sure you’ll agree with me when I say that it’s a minority that enjoys bookkeeping.
But how can we change that? In this post, you’ll learn more about what’s behind bookkeeping and, most importantly, how the dream of simplified bookkeeping can become a reality.
Accounting is the systematic recording, organization, storage and evaluation of all accrued business transactions of a company or organization. It is an essential part of business management and planning and is used to obtain an accurate overview of a company’s financial situation.
So we can see that accounting is an indispensable task for any company. However, it requires a lot of time and effort to ensure that all financial data is properly captured and recorded.
In today’s business world, there are different types of bookkeeping, including manual bookkeeping and computerized bookkeeping.
Manual accounting is often tedious and time-consuming and carries the risk of errors and irregularities. For this reason, it is practiced less and less today. As a rule, accounting software is used for this purpose. Accounting software definitely simplifies bookkeeping and yet there is still room for improvement.
Automated document processing offers a solution that allows businesses to simplify their accounting. Automated document processing is a process that uses software to extract data from various documents and automatically transfer it into an accounting system. This can include both physical and digital documents such as invoices, cash receipts and bank statements. Automated document processing allows businesses to complete their accounting faster and more efficiently, saving time and money.
First, it saves time and effort. Manual accounting processes can often take several hours or even days, depending on the size of the business and the volume of documents to be processed. Automated document processing allows this process to be completed in a matter of minutes, saving time and money.
Another advantage is accuracy. With manual accounting, there is a higher risk of errors and irregularities. Automated document processing minimizes this risk and ensures that all data is recorded correctly and completely.
Automated document processing also provides better control and transparency. By using automated systems, companies can keep track of their accounting and respond quickly to potential problems or irregularities.
In addition, automated document processing is also cost-effective. By automating the accounting process, companies can reduce the number of employees needed, resulting in cost savings. In addition, the faster and more efficient accounting process allows companies to respond and make decisions more quickly, which has a positive impact on their bottom line.
The integration of a document processing software offers a number of advantages for companies that want to simplify their accounting. Especially in the era of digitalization, it is of great importance for companies to constantly evolve in order to remain competitive.
So why wait any longer? We offer you a solution with Docbits.
DocBits integration can help you process invoices or other receipts as well as documents and enter necessary information in a sorted format. This creates an easy overview of all important data, amounts and deadlines. Processing and entering the data into a uniform format also make it easier to file, store and further analyze the extracted data. In addition, Docbits uses artificial swarm intelligence and can thus guarantee a high degree of automation, which means: you save time, money and nerves. A win-win-win situation. Let your dream of simplified accounting finally come true.