Accounting has come a long way in the digital age. In the 70s, 80s and 90’s. Accounting was done by hand. Accounts would be closed months after the actual closing date and data was sloppy, unreliable and late.
In the 00’s software’s created a new age of fast, incorrect data. It opened the door for many unskilled people to think they could do their own accounting in an effort to close things earlier.
In the late 10’s and early 20’s the cloud was formed. Now your accountant has access to check your data in real time. Finally, we are in a world where the is fast and reliable data.
At Obsidian Advisory we check our clients’ ledgers monthly for errors, not only does this help our year end process it also gives our clients reliable data all year round.
What era is your accountant in? is your ledger checked and updated online monthly by your accountant?