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For many years, businesses have viewed accounts payable as a routine but necessary back-office task. Invoices come in and, eventually, money goes out of the company bank account. However, that old way of looking at it negates the importance of cash flow and expenses. You’d prefer the process to be as inexpensive and accurate as possible. Even if you have a great team, failing to put the right system in place could get you in trouble.
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Technology and automation is changing the way the accounting industry operates. Accountants and bookkeepers are an essential part of business digitisation, thanks to the growing number of software available to manage large workflows. This represents an anticipated evolution of the accounting landscape, that’s now seeing accountants and bookkeepers shift from standard compliance to tech advisory.
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Sponsors OnPay: [link] FreshBooks: [link] Scrutinize: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 13:09 – Legislation introduced in Senate to recognize accounting as a STEM field in K-12 education [link] 17:16 – Diverse accounting hires on the rise, AICPA report finds | Accounting Today [link] CPA firms show progress in diversity amid pipeline challenges - Journal of Accountancy [link] 25:26 –
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