Bookkeeping in The Digital Age
Of all routine and core corporate financial practices, the field of accounting is most closely tied to a paper-and-ink origin. Some of the first recorded prototypical “documentation” in history and anthropology are stone and papyrus records of agricultural sales and transactions. Receipts cannot just be said to be part of history; they essentially are history. For this and other reasons, then, the shift to digital accounting is both thrilling in its potential and difficult to imagine for companies that rely on paper bookkeeping to maintain consistency in operations.
In today’s digital age, bookkeeping is more streamlined than ever. It is also more comprehensive, with data storage that could never have been possible in the past. Companies find themselves able to assess, analyze, and cross-reference more data than ever. This means that clearer understanding of finances is possible both internally and in terms of how a business communicates with the public. Dynamic reports presenting digitally-assessed data can emphasize a company’s viability. Internally, the most accurate statistics possible can be used to target loss or waste wherever it is occurring and address it.
Saigar & Companyy bring thirty years of expertise as a local viable team of bookkeeping and business development specialists who understand today’s Digital Age and are ready to add your business’ voice to the market. As Kenya’s first Xero partner, we are only a phone call away!