Pre-Accounting – what is this
As you know, this business tends to work with the macro businesses – the ones that cannot afford big company teams of people who have the experience and knowledge to put systems in place. All too often when I get into a business I find that there is little or no automation on anything and certainly paperwork (electronic and paper) is pretty much non-existent. Businesses often work from gut knowledge not actual knowledge, at least in the areas I have so far experienced.
Having come across this article via Receipt Bank, my thoughts were mixed. A key phrase that caught my attention
… Receipt Bank reads your receipt quickly and accurately, pulling the data your accountant needs … https://blog.receipt-bank.com/pre-accounting-why-small-businesses-cant-ignore-it
Apparently the next step in the process is that the accountant reviews the receipt and posts (publishes) it to the accounts.
So why am I concerned about this I hear you ask … am I really going to be grumpy about a process that saves time with not scanning and storing and manually entering. Yup! I am cynical about this due to living and breathing experience of automation that goes wrong.