Transforming your accounting tasks with technology and automation

The accounting industry has undergone a significant transformation over the last few years, and the need for technology is continuing to grow.

Although automation in the accountancy sector isn’t new, it’s more important than ever. And, by ensuring high-quality data entry in bookkeeping, we can engage in more productive conversations with clients.

However, despite the availability of various bookkeeping tools, why does the process remain challenging and less lucrative?

For firms that have yet to incorporate technology into their operations, it will be difficult to keep pace with the trend towards cloud-based solutions, resulting in the loss of clients to firms that offer a complete package — and that’s providing both tax and advisory services leveraging technology. Given that clients’ expectations are rapidly evolving, it’s crucial that service providers adapt their offerings to remain competitive.

The adoption of technology will change the way accountants, bookkeepers and small businesses process their paperwork, from submission through to reconciliation. From accurate data extraction to insight-based dashboards, automation technology will remove manual data entry from your workflow and make room for you to add more value for your clients. Introducing automation into your practice will also help you reduce your manual data entry, build better client relationships and advance deadline management.

Alongside Frances Kay, Rowan Van Tromp, and Will Farnell, Dext CEO Sabby Gill will be discussing the various practical strategies you can implement to make bookkeeping automation work better in your practice.

In addition to Sabby, Dext’s Paul Lodder, VP of Accounting Product Strategy, and renowned tax expert, Paul Aplin OBE, will be at Accountex to discuss the new rules for basis period reforms and what that means for your clients.

Paul Aplin and Paul Lodder will offer a comprehensive overview of the changes, the rationale behind them, and how they will impact various types of businesses. They will also provide practical examples of managing different year-ends under the new regulations, with a particular focus on the transitional year 2023/24, as well as important considerations for accountants.

By Sabby Gill, CEO of Dext

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